renovator said:Its a long time before im entitled to a pension but if its still a government entitlement i will be at centrelink with bells on .Big A.D. said:renovator said:Yep just like the generation before me & the generation before that ...and the generation before that lol .Even if i did save it im not giving away money im entitled to (says the government not just me ): ...what is wrong with you ? :lol:
The generations before you had 15 workers for every retiree on a pension (and the pension age was higher that the average life expectancy to boot).
The generations after you will have about 3 or 4 workers per retiree.
There simply won't be enough younger generations working and paying taxes to be able to financially support all the older generations who are retired.
Or to put it another way, the cold, hard reality of not having enough revenues to pay pensions will ultimatum trump both what you think you're entitled to and also the law says you're entitled to as well.
I think thats why immigration laws have changed & baby bonus etc in the last decade to increase the population the only numbers i care about is the amount of taxpayers money in my account when the time comes . Im essentially arguing about nothing at this stage because the rules may well have changed by then .But as it stands im all for taking ANYTHING the powers say i can have & i think anyone that doesnt because of pride or emotions is foolish .
It'll be a long time before I retire too, but well before that happens we're going to have a very big problem with our demographics.
Unless we change the way we calculate what people are entitled to, we're not going to have enough money. The current entitlements aren't sustainable in a future where there are only three or four workers per retiree.
And yes, we're going to need more babies and more immigrants with a range of sills and abilities ranging from unskilled minimum wage earners all the way up to entrepreneurs and managers on very high incomes. 1 high income earner can generate as much tax revenue as 100 low income earners, but there's a limited supply of them and we still need people to serve takeaways, pick up the garbage and change the sheets in the nursing homes for huge number of old people we'll have.
(One of the reasons I'm in favor of not treating refugees like shit is that we actually need a hell of a lot of people who are prepared to start at the bottom in a new country and work hard to make a life for themselves here. We need them, they're prepared to risk their lives because they want to come here that badly so it should be a win-win.)
At present through, we have confused entitlement with need. We're barely going to be able to cope with people's actual needs, let alone what an army of aging Baby Boomers would be entitled to under the current rules.
Sure, take what you're entitled to but be aware that you're f--king things up by doing it.