Future looks the same Age pension will remain primary pillar for...

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lu888

2,858 Posts.

09/12/17

10:28

Post #: 29504051
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Originally posted by noddy10 ↑

i haven't said anything about my own situation so you don't know whether i'm in the middle of anything.

what i'm referring to is the rhetoric that was being pushed by some very leftist journo's in the melbourne age & smh before the last election. it was targeted at younger people who were already angry about home affordability (quite understandably) and fed into this anger by pushing the line that superannuation along with negative gearing was one of the many evils being foisted upon australian youth by baby boomers. this seems to have gotten some traction and you now see people (such as yourself) trotting out this line about super being something that one group of lucky people receive at the expense of another (young people). it's false, disingenuous and unnecessarily divisive in my opinion.

it would be better if there was someone explaining to young australians that they'll be old one day too and it is very much in everybody's interests for us to try and maintain what was the best retirement system in the world and they'll pay less tax along the way if people are motivated and incented to fund their own retirement. that buying into this "gift" horseshit and allowing super to be slowly ruined would be cutting off your nose to spite your face.

yes, there was an issue with a small group of people running up enormous super balances but you could have easily dealt with them without doing things like introducing 70 pages of legislation around balance transfer caps alone.

my super is something that i earned and contributed to and managed in order to achieve financial independence and not need handouts from taxpayers in retirement and i have paid a ton of income tax along the way. my super isn't a gift from anybody.

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Future looks the same
Age pension will remain primary pillar
for over 65s
–
75% on all/part Age Pension in 2050
–
25% self funded retirees
this is not my calculation, but treasury modelling, how is possible after 80 years of supper still 75 % will rely on age pension ?
cafa lets put all blame on 1%, instead to look on majority which is not able to save anything, retiring too early and spend everything too soon.
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