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
Most of us think that our multicultural society, where underpinned by acceptance of our way of life Down Under, is generally a good thing.
One would be silly to believe however, that ‘uncontrolled’ migration to Australia would not lead to deep social and perhaps economic stress..
What do we do then? There will never be a completely right answer, but we could perhaps develop a multi party policy, that would be 80% modelled on factors such as our skills shortages, the ability to fit in to our way of life, local population needs, the economics of housing and social support, and to some lesser extent, our initial community acceptance. The balance of 20% to be government discretionary, and compassionate, so as to better ‘get it right’.
What do you think?
Keeping and open mind I hope, it seems to me that the evidence of human introduced climate change, riding on top of any natural climate variations, is a fact. That said, and despite the amount of Australia’s atmospheric pollution being largely irrelevant in a world sense, everyone, (not just the prime polluters China and the USA), needs to join with the world all over in playing our part in the control of what global warming effects that we can.
The vast majority of climate science indicates that in the next decade, we are likely approaching a so called ‘tipping point’, where, by the end of this century, atmospheric heating effects will ‘run away’, out of our control, and lead to a vastly different and much less hospitable world to live in for those who follow us.
It appears that we will need world wide political pressure, by every voter, everywhere, to effect the necessary changes we need, and rapidly reduce our reliance on oil, gas and coal, if we are to have any chance of keeping our world largely as it is today.
A friend of Greypath has just released a heartfelt video on the subject which you might care to have a look at and circulate elsewhere if you wish.. https://www.youtube.com/watch?v=6Unnnnc9F70
It will be of great interest to many Greypathers to see what this Royal Commission brings in to the light. I have visited many such aged care facilities and have yet to see anything like the matters that led to the commission being appointed. That said, if the recent investigations in to the banks and financial institutions are any guide, we are in for some most unpleasant findings. We seniors, as both voters and potential users of aged care services, and our seniors organizations, will need to be heard loudly when the time comes for action.
What would you wish for, if you still believed wishes came true?
For our Greypath seniors, apart for world peace, the lotto etc, it invariably seems to be wishing good things for others than ourselves.
So that’s what we at Greypath wish for all of you, a year of acceptance and contentment with where we are at, and that you can find happiness with the simple things we find along the way, in this grand adventure called life.
It is said that we are living 1 year more for every 5 years since 1900. Also recent and accelerating medical advances will provide us with an even longer and healthier old age.
That said, and despite an ‘unknowable’ future, it seem likely that we will need to work for many more years in the future, than we do today.
That brings us to the thought, just how long, would one realistically wish to live, given good health, and a reasonable life style?
It seems that jobs are disappearing at an increasing rate. Not only going offshore, (such as call centres, heavy manufacturing and much IT development), but also due to automation. Unfortunately, as we live longer, and as a consequence of that new ageing profile, we seek pension support for longer. To achieve this support, we need to be creating more jobs at the tax payers end, rather than losing them!
Unless in some miraculous ways, technology comes to the rescue, we are in for a crunch time with significantly declining living standards, somewhere later this century.
While ‘thought bubble’ tactics such as reducing business tax, or changing the retirement age, are routinely floated, then, try as I might, I can find no overall national strategy that stands scrutiny, and which will give me any confidence that we will overcome the steadily rising threats to our well being in the years ahead.
A national non-partisan ‘future economy’ planning commission or other,may be worth considering.