"therefore we as Australians are all paying extra tax to cover this pension"
Numbers the problem is not "all" Australians are paying for the pension or receive it.
Australia's worth freeloaders breeze through life on the dole, fake sickness benefits etc and pay absolutely nothing and hey presto when they hot 65yrs they get a huge pat increase called the aged pesnion.
Welfare breeds bludgers and other negative habits.
