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
- Forums
- Political Debate
- Not fair: welfare for the rich
Not fair: welfare for the rich
-
- There are more pages in this discussion • 251 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries