Hi, Keating did muck up a simple system. However , the people who really screwed it up were Howard and Costello. The changes I have talked about return it to a system much closer to its original.
And on whether the aged pension is an entitlement or a welfare payment , is just a matter of semantics. It is part of a complex retirement incomes system. So, you like the means test . Tell me , what should be the structure of that test [assets, income ] and what level would you feel it should be set at.
