What to do about the Aged Pension?, page-11

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11/03/15

05:26

Post #: 14892608
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Originally posted by empror ↑

The pensioner voting block will increase in size and voting power in the coming years no matter what you profess as logical when an aged couple has worked and paid their taxes and reached retirement age they will want their entitlements .
They will be the largest voting block by percentage and to go against them would be political suicide .

On the other hand those who spend more than 6 months on the dole over a 2 year period of employment should have the dole ended.(unemployment assistance costs $ 9.6 billion

Those who decide to have large families should not receive welfare , this decision to have a large family needs to be supported by the ability of the parent or parents to financially support the family.(Assistance to family with children currently costs government $ 34.9 billion)

Subsides to energy and mining companies need to be ended.(government assistance currently costs 2.4 billion

Smaller and More efficient government (currently running at $ 52.4 billion)

Just the 4 measures above if they were trimmed by about 20% would represent $20 billion in savings

Add to this favorable incentives to superannuation to encourage independence of the social security system for the elderly ( currently costs $ 54.8 billion) assuming 20% reduction on dependence for social security would represent an additional $ 11 billion in savings.

Total saving of $31 billion per annum

Superannuation is not the enemy it is designed to take people off the pension and welfare it has it tax advantages for this reason to encourage investment for retirement this need to be made more simpler and flexible to attract more participation above all else confidence need to be provided that government will keep its hand off it.

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There is a rider on those underemployment changes and that is in some areas of Australia the unemployment figures for the young are in the 25% range so if you refuse them a dole payment what is to happen to them

There has to be a sustained effort to provide jobs, and that can only be done by reducing red tape and making it easier for small business to operate, even in the agricultural sector they are unable to operate profitably against the "no laws anything goes"Asian market
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