Will Libs bite bullet, withdraw Howard’s over-the-top entitlements to self-funded retirees?

By Margo Kingston  @margokingston1 9th March, 2014 When Samantha Maiden reported today that the Audit Commission wanted super-generous seniors health card benefits to self-funded retirees reversed, I dug up my 2002 SMH budget comment on the matter. The Libs are to blame for this totally unsustainable entitlement culture they knew would help cripple the budget over time due to our aging population. If they don’t act in the budget and instead just cut benefits for the less well-off they will be credibility-naked. * Don’t hold your breath for action Source SMH: http://www.smh.com.au/specials/budget2002/730/730_6.html What a shocking dilemma! The Liberals overwhelmingly won the over-55 vote at the 2001 election, while Labor outpolled them […]

Come on, wealthy baby boomers, take a cut in super tax concessions for the rest of us

By Noely Neate February 25, 2013 I had one of those bizarre mornings where a lot of similar themes unexpectedly came together and smacked me in the face about how self-obsessed we Australians have become. I had a conversation with a friend about Sunrise on 7 (which I am not allowed to watch anymore as my husband says it makes me rant too much) and David Koch’s obsession with superannuation while pretending he is a ‘man of the people’.   His super carry-on drives me insane. Most Australians are worried about paying their monthly bills, not their bloody super. Rant for another day.  To settle down I went cruising various news […]