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Not fair: welfare for the rich, page-7

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jantimot

30,924 Posts.

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17/02/15

09:23

Post #: 14766670
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Originally posted by raiderup ↑

Not fair: welfare for the rich

MULTI-millionaire retirees are receiving federal government handouts worth about $500 million a year, sparking calls for an overhaul of Australia’s publicly funded retirement system.
The Australian can also reveal that about 260,000 Australian households have a net worth of more than $3m yet are enjoying welfare payments of about $800m a year, despite years of attempts to slow the growth of social security spending.

John Daley, head of the Grattan Institute, said the Age Pension was becoming a taxpayer-funded inheritance subsidy scheme.

http://www.theaustralian.com.au/nat...are-for-the-rich/story-fn59nsif-1227222009855

Raider

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Presumably, to get to that state, most of them will have paid heaps of taxes to fund the pension and all other welfare. Why is it unfair to get some back now?
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