To have a universal Aged Pension system which is unfunded would be massively expensive, despite the taxation which may be imposed on it.
I put forward to you why can the UK and NZ do it, and the high standard of living, in the highly taxed Scandinavia countries.
Our problem is the young are suffering because of the stupid Govt policies which encourages the financial invasion by overseas participants.
You just need to buy Govt bonds. classified as a business investment to buy your citizenship.
As a teacher, you would understand the manipulation by the education industry using 'citizenships' as a baiting tool.
Many of these overseas students have rich parents who buy them a home and they are prepared to work for a few dollars per hour less. Some unscrupulous businesses used this to their advantages and fire local residents.
All overseas students should be forced to return home for a minimum of 2 years and then apply for residency
If they wish to return to our country earlier they should be restricted to being backpacker picking the appropriate veg or fruit at our local farms.
And then return to their homeland to re apply for residency!
My daughter's hourly rate has fallen to 2008 levels for a Pharmacist because of this policy - Community Pharmacy’s.
She is actually considering becoming a nurse because the hourly rate is at a higher rate and the strength of the Nurse's Union movement. Plus the nurses movement is forcing themselves or encroaching into other areas of the medical arena.
My Pharmacist daughter has no hope of taking a job that amounts to a closed shop dictated by the Nurses. As an example, dieticians advisor, Nurse Psychologist etc.
Even if she has more titles after her name or having the qualifications appropriate for the job application.
The Education Industry has seen dollar signs and introduced Pharmacy’s courses thru too many Uni's to capture the overseas market.
