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The editor has just been sent a link to a video that should have interest for so many of we seniors. It has to do with a Senate Committee currently looking at the potential for us to move to cashless society. Banks would love it! Its unlikely however that many of we seniors would wish for such. Have a look at the Youtube discussion, and if you have an opinion send it off ASAP addressed to the Senate Standing Committee on Economics via this email link.
For the first time in history, it seems we have more people over 50 than children under five.
With our extended and healthier life spans these days, it is clear that, economically, those of us who can, will need to work longer and so demand less on Government pensions.
The pressure on public pension funding, from a smaller working base of tax payers, will eventually lead to many changes such as deeper means testing, including greater scrutiny on our total assets.
With a set retirement age, we just don't over-night, become non productive in the workspace.
This is a very complex matter, and your comments and ideas would be welcome...
Given my druthers, things among many that I would like to see in our future world are:
1. A rail journey around Australia's coastline
2. A return of capital punishment for heinous crimes
3. The truth, the whole truth, and nothing but the truth, becoming compulsory for all of our public media
4. World population control to replacement levels only for our current population or less
5. A major worldwide research programme into creating cold clean fusion power energy sourcing
6. A return to a 'clean and green world environment.
What is on your wish list?
Pensioners will need to vote with their feet next time, unless those with savings, whose interest so many depend to supplement their pensions, get relief from the grossly unfair and clearly improper, 'deeming' rates.
Deeming rates are what the Government ( Centrelink) presume are the interest paid on individual investments to assess pension levels.. Today these deeming rates, are far higher than the rate actually paid out by Banks.
As of today, senior's bank investments only earn around 1.5 % or so. (That means $7500 pa for those lucky enough to have $ 500 000 in the bank, and for those with say $20 000 in the bank, an earning of a measly $300 p.a.
Solidarity in the pensioner vote, to protect us into the future when there will be so many more of us, will become increasingly important.
STOP PRESS! Fed Gov has since taken action here