Wednesday, June 1, 2011

On Retirement Pensions and the Age of Entitlement.


On Retirement Pensions and the Age of Entitlement.

What was wrong with the surcharge?

This is a mantra. “We cannot afford superannuation” which has been repeated so long and so often that even those who should know better repeat it.

And what did Government’s do with the more than a million, in today’s dollars, I paid in tax that they cannot afford to pay me a small proportion on retirement.

Do we really want to return to the days when most elderly people were totally impoverished when their working lives ended.

In fact super has been so effective in removing poverty amongst the elderly it should be extended to everyone in the form of a guaranteed minimum income. There is no excuse for having people with inadequate food and housing in a country which is capable of supplying an excess of both internally.

Super and other benefits are easily affordable if those who get the most benefit from our society paid their fair share.

We are fast becoming a country which does not look after its children, the sick or the old.

What does that say about us?

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