I will just bring some reality back into the debate.
Their is only one solution - Raise income taxes.
The ageing population demagraphic clearly showns that govt services cannot be maintained at their current levels without raising taxes.
And for the current superanuation change instead of just targetting minority groups all the time like the rich will never work. Their should be a tax on all income taken out as pensions. A simple 5% tax would raise much more than the current lets hit the rich process
Unortunately Australian's have become accustomed to an unsustainable standard of living. In the last 10 years the mining boom in prices has put us on easy street compared to the rest of the world. That period of boom prices has ended.
Their is only one soltuion - Raise Taxes
And this has to be done by a Abbott govt early on.
Next month we will get the budget outlook and no matter how bad it is(say 20M) the real result will be at least 10B higher. And all the out years will look terrible.
And when the Abbott Govt get the real situation of the countries finances he then should go on national TV. Tell the public the truth and say. "I am sorry but I cannot no longer keep the majority of my election promises. The financial state of the country is much worse than I was lead to believe and that it would be irresponsible for me as Prime minister to innitiate new spending items for which we cannot pay for."
