In 1957 Harold McMillan told the voters “Most of our people have never had it so good”
Considering many of them had been through two World Wars, the Great Depression and that the NHS was only introduced in 1948, no surprises there.
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Obviously “everyone else” needs to make more donations.
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Yes but the “real” Baby Boom was 1946-56. Those born 57-64 did not get a lot of the advantages the other Boomers did.
Did scummo and his department ever release their investigation into ‘who knew what, and when’ regarding the incident at Parliament House?
Not that I believed they actually did anything, but they paused the investigation when the cops got involved. Did it ever get finished or released?
I have no qualms about the baby boomers. In the west they have benefited incredibly well and all power to them. Their generation gave us many of the benefits we enjoy today.
■■■■■ me for the ones that squeal like stuck pigs though when anything they benefit from more than other generations.(ie tax breaks on wealth creation, income from passive investment) is threatened.
Especially when as a whole cohort, self funded or not are about to be an incredible drain on our health and aged care system.
If you get to ask me to pay 2-4 million dollars for your bog average house in the suburbs or rent out your slum investment property for a third of the median wage.
Well you can swallow some more of the tax burden.
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I take it that you were born as a late Boomer !!
Exactly! Most of us moan the demise of Australia as a whole. We haven’t even gotten close to having the keys to run the country yet
Gen X are just relieved the music didnt stop on the ponzi scheme when they bought into housing.(the early ones anyway, some of the later ones will be bundled with Gen Y)
Now i think anyone with large mortgage debt and low equity is *******.
There will be a lost decade at a minimum.
“enared”？。。。
The only issue I have with older people from all generations is when they start saying things like ‘I’ve paid my taxes’ when they are retired and blowing up about something they have to pay for today.
It’s not like the government keeps a vault full of your taxes over the years, and a tally, to then pay out to you. The tax you paid, was spent already. The people working today are paying for you. Stop complaining.
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I remind my parents on a monthly basis I’m currently funding their pension.
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the usual baby boomer gripe going on, new thread, same whinge. yawn.
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the only war that needs to be fought is the class war
if you have/had to sell your labour in order to survive, then you are working class
if you don’t/didn’t, then you are our opponents
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delete
But the Spice Girls and Pepsi said we were generation next?
Here’s what is disgracefully unfair about the older generations of Australia:
If they owned any property, they have massively benefited from the repricing of that asset to a highly-leveraged equivalent (through lower interest rates, higher LVR’s)…CGT free for their own home…that’s a one-way journey that cannot be repeated by younger generations…so they’re now sitting on assets of >>$1m.
Now, this wealthiest cohort of society also expects to retain every dollar of their wealth all the way through to death, contributing little to the costs of their own care:
- Isn’t the own home invisible for welfare assessments? So they might still get a pension?
- $1.7m in super assets in pension phase can be invested and taxed at ZERO.
- They don’t even pay for their own healthcare…they invented a new tax penalty to hold at the heads of younger generations, to force them to subsidise their health costs.
- Now we’re starting a new wave of mass migration, focused on health workers, so they can get cheap bottom-cleaners, even though this is causing a brutal housing squeeze for younger generations.
I didn’t go into detail on negative gearing investment properties, but they’ve maximised that as well.
The politicians have given older generations EVERYTHING.
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Are you being serious ?
Here where I live houses prices have gone through the roof and so most older people who worked hard all their lives own their homes, many worth in excess of $1 million.
Most have no superannuation and once retired only have the aged pension for income. Their cost of living has skyrocketed with power bills, council rates, food etc etc more expensive than ever, just like for everyone else.
Do you expect that they should sell their homes, move to a cheaper place and lose their pension ?
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A striking 46.2 per cent of all personal income tax was squeezed from the top 10 per cent of taxpayers, again up from the previous year, as Tom McIlroy reports.
The bottom 50 per cent of taxpayers contributed just 11.6 per cent of tax collected, down from the previous year.
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This is not the argument you think it is.
You’re literally saying fully half of taxpayers are paid so poorly that they make no meaningful contribution with tax.
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