freediver wrote on May 18
th, 2008 at 10:46am:
Am I right that the pension hasn't been reduced - they were just protesting that it hasn't been increased? Isn't this just like the Unions asking for higher wages to 'deal with' inflation?
If you understood economics you would understand that by not increasing it, it is being reduced. Since the Liebor government started buggering Australia costs have blown out with all utilities and basics rising at a level not seen for more than a decade, fuel is at record prices and interest rates are where they were when Cheating had everyone by the balls.
Yet the pension did not increase. Even more deliberately cruel was that when Cardboard Kev slashed the seniors bonus then caved in to public pressure and reinstated it he promised to make it a part of forward estimates. He did not do that. He broke his promise to seniors.
And he rattled on about 'working families' until everyone threw up but not once did he bother to mention pensioners. In fact he gave 'working families' a tax cut and an increase in the tax threshold but he did not do the same for pensioners who pay tax on earned income from interest.
Further to that by shifting the income threshold on the medicare income levy he encouraged hundreds of thousands to abandon private health which will cause the premiums to rise. People on fixed incomes (read pensioners) will get hit the hardest by rises in private health.
So I suggest a look at the big picture mate. As a leftard your focus is, as always, too narrow.