Australian Politics -- from June 2023

[fire_and_irons]

Just quoting facts. Those with class based gripes can intepret as they see fit

[Sniggles]

More evidence of the ever-widening gap between the haves and the have-nots

[wimmera1]

As am I?
It’s the definition of the working poor.
Thank you for showing that it’s not five or ten percent of workers, it’s half of all Australian workers.

[Clark_Griswold]

Here is what should happen…but it won’t happen:

• If anyone wants to claim the old age pension, they have to agree to a government-held reverse mortgage against their property.
• There is safety net in that agreement to ensure that they won’t be kicked out of their home.
• When they (both) die, the home can finally be sold to clear their debts.

It’s fair. It’s user pays.

I’m a part of a cohort coming through that may never own a home…meanwhile, we are paying for the pensions of people who are actually multi-millionaires all the way through to their funeral.

[wimmera1]

Also, is it really that ‘striking’ an amount?
If teachers and nurses are paying 32.5%, are we really supposed to be shocked or appalled that the top ten percent are paying 46.2%?

Also…the ‘top ten percent of taxpayers’ is ridiculously, pointlessly broad.

It contains everyone from people in corporate roles with titles lower than manager, to Andrew Forrest.

• The top 10 per cent of earners in Australia make $122,664 or more

How much you need to be rich in Australia

[Bacchusfox]

@Clark_Griswold

It’s fair. It’s user pays.

How is it fair if it discriminates against the folk who have worked hard and managed to own their own home.

[wimmera1]

Why do you keep implying that certain people are the only ones who work hard?
It’s very silly.
Statistically, people are working longer hours, for less money than ever.

This whole ‘I worked hard for what I have’ is such an entitled take.
Yes, you worked hard and you have more because of the situation at the time, which you could have the good grace to accept was fortunate and not due to any particular generational virtue.
Others are working just as hard, or harder, with no prospect of receiving the rewards of previous generations, and that’s through no fault of their own.

[2-30Brunswickst]

@wimmera1

The top 10 per cent of earners in Australia make $122,664 or more

This can’t be right. It just doesn’t make sense.

[wimmera1]

Well, it is from news.com so I understand you being dubious.

[Bacchusfox]

Steady on champ.

You don’t have to own a house or be of any age to be a hard worker. My comment was related to the folk I know in the Marsh who own their own homes and have been working class all their lives. Many now struggle to put food on the table without community support.

Some suggest they should sell their homes to capitalise on rising value, but where do they go ? Do they leave the community where they have lived all their lives, just so some younger folk can buy a home.

My reactions are mostly about the crap that Boomers cop on here.

[Alan_Noonan_10]

If you charge CGT on sale of the family home, that almost wipes out the ability to move.

Say you sell your house for $1m, giving you capital gains of $700k, then you’re going to lose a goodly chunk in CGT, say $150k. Then you only have $850k to spend in the next one, ignoring other assets.

Not on.

[Hoffy]

Up here in the Northern Suburbs there are quite a few boomers who are still renting and trying to get by on a pension with rental assistance. If you assume that every boomer has a house to sell, it’s a flawed premise.

[cummy_scant]

I’ll freely admit I got lucky and fell into a well paying job with virtually no skills or qualifications.

A builder’s labourer works way harder than me and isn’t paid as well.

Sometimes things just call into place I agree, hate the I worked hard take

[wimmera1]

You have literally said the current youngest working generation has no work ethic (and that it’s the fault of their parents), so don’t pretend you’re not making this about generations.
Okay, boomer?

[simmo41]

@fire_and_irons

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.

some late breaking news on a friday evening that the bottom 50% of taxpayers earn substantially less money than the top 10%

more on this tomorrow, along with our groundbreaking expose on how afl teams that win more games end up higher on the ladder than teams that don’t. our analysis will shock you

[barnz]

@Bacchusfox

@Clark_Griswold

It’s fair. It’s user pays.

How is it fair if it discriminates against the folk who have worked hard and managed to own their own home.

didn’t work hard enough to survive without a pension, is what im taking away from your bleating

[bigallan]

Googled Newscom, self described as Australia’s leading news site.
According to an article of 19 August 2022, the average annual earnings for working Australians was $92k. However, taking into account casuals and part timers, the figure is $69, 240.40.

[Albert_Thurgood]

@wimmera1

It contains everyone from people in corporate roles with titles lower than manager, to Andrew Forrest.

If you are concerned about Andrew, I am guessing he is one of those billionaires who pay no or bugger-all tax.

[premature_rookie_ele]

@Bacchusfox

Steady on champ.

CHAMP ALERT
CHAMP ALERT
CHAMP ALERT

[tinhillterror]

@bigallan

$69, 240.40.

Plus super? ****s?

But seriously. Living on that could be difficult. Well, maybe not difficult, but you ain’t getting ahead.