As a Vietnam Veteran, I am expressing my right to the
freedom of expression I fought to protect.
With the budget looming and the government looking at ways
to increase revenue, superannuation looks to take a big hit – the ‘vision’ is
no further than ‘there’s lots of money out there’. Forget that to get a decent return on
investment, much of this super is invested in the share market providing
finance for Australian projects, the Great Whites determining the budget see it
only as the biggest and easiest lot of sardines to round up, then bite into - after
first having convinced/scared us over the years to put as much into super as we
can on the premise we’d be looking after ourselves.
Then there is the social contract which is along the lines
of work hard while you are able & we’ll help you out in your old age. It now appears pensioners are considered
unfair in seeking the pension as an entitlement, a blatant breach of this
contract. It is not as if pensioners are
now no longer useful in society, as many of them contribute substantially in
unpaid volunteer work. If as a group,
they suddenly withdrew their services, hospitals, schools and many other
essential services would be crippled.
Others, meanwhile, have saved their hard earned money to buy a unit to
travel around the country, spreading their money in many out of the way pockets
as they go, as well as many of them volunteering in rural communities that are
reliant on such help: Blaze Aid is one
example that received invaluable support from such people.
While there is certainly a projected blowout in future
pension payments, a bit of creative thinking could help solve the problem. Certainly there are tax loopholes that could
be reined in. Perhaps surpluses could be
set aside, some public assets that are sold also be earmarked and the monies
invested in projects benefiting all Australians – oh, hang on! That’s already been done with The Future
Fund, that $100 billion plus taken out of general revenue and set aside for
Commonwealth unfunded super liabilities (The Future Fund was established by
the Future Fund Act 2006. The object of the fund is to
strengthen the Australian Government's long term financial position by making
provision for unfunded Commonwealth superannuation liabilities) – if
only these ‘geniuses’ could look after the country as well as they look after
themselves.