TheGreenLight wrote on Mar 13
th, 2014 at 7:44pm:
I turn 65 soon, and i am not entitled to receive a pension. I have saved all my life, and apparently too much, I can live off of the money and Super that I have saved over the years. I know people who have blown all of their money, or at least a lot of it, and they get $20,000 a year from the taxpayer, and I get bigger all. Both sides do this, Labor and the Coalition. Why is this? Where is the incentive to save, where is the incentive to be prudent and wise with your money? Why do we reward those who waste their money? bugger I have completely lost it with all sides of politics in this country.
what BS some people claim.
One needs to have around $1million in assets (not including value of the family home) to not qualify for any Aged Pension.
The million I earned in 45 years was needed to pay for luxuries like: paying taxes, food, rent/mortgage, transport, clothes, raising kids, etc. Yep, what a bludger I must be to have spent my earning on such things - i should have banked it all and ate at soup kitchens!!!!
If TheGreenLight has so much assets that he doesn't qualify for any aged pension I feel sorry for the poor hard done by prick that begrudges a low income worked $20k per year to people who worked for minimum wage.
TheGreenLight forgets that when we entered the workforce 45+ years ago, part of our taxes were deigned to give us a pension. Now that we have super, that has changed, but super has not been running long enough to replace that. But it will be another 20 years before super replaces the OAP.
I wish I earned so much in my 45 years that I could accumulate over $1million in assets (excluding the value of my home) and then cry POOR.
BS-artists like this sicken me!!!!