lee wrote on May 16^th, 2022 at 3:40pm:


Yep. Ohh how well I remember the 1990's. I was so involved in Uni politics back then. So many of us were pro Labor students when we first started Uni. Then Keating started screwing with Uni funding and making us pay fees whilst selling off Uni places all around us to Chinese overseas students making future domestic students unable to get into Uni because all Uni entrance marks went through the roof. And the fees kept increasing every semester too. Aussie students were forced into lower ranking degrees which they didn't really want to get into but had no choice but to accept. Many just had no money to afford the fees so they went to TAFE which was more affordable when they should have been in Uni. What a disgraceful dhead Keating was.

Keating also introduced the idea of using your super to help fund your home loan during a period where he was struggling to find an excuse for the interest rates he ushered in and which were hurting so many Australian families (they were around 17% ffs)! Mortgagee sales were taking place EVERYWHERE! Parents who had gone guarantor for their kids loans lost their homes too! Older parents AND their kids found themselves bankrupt and on the streets.

The recession Australia HAD to have (his words). Pathetic arsehole!

So many pro Labor Uni students like myself became Liberal Party supporters. And it was more out of disgust after we found ourselves protesting and getting arrested for the right for all Australians to access a University education with reasonable entrance marks and no fees. As was the case prior to Keating's grubby fingers getting into higher education.

I know I'm supposed to shut up and pretend I don't know any of this but it's pretty hard to because I was there holding a placard and watching my Uni friends being thrown to the ground and getting arrested for protesting against a govt which no longer cared about its own kids who were fighting for the right to continue to access higher education without further financial stress.

ProudKangaroo wrote on May 16^th, 2022 at 5:11pm:



Because the left try forget about past policy. ;

lee wrote on May 16^th, 2022 at 5:18pm:


Past policy is important, but you're trying to dismiss any criticism Labor have because of a past position they took, that no longer applies today, so you don't have to deal with those criticisms, that's simply playing politics.

The landscape today is very different to Keating's day. We're living longer and Super is more important, especially as the population continues to age and the nationalism pushed by the current Government is keeping immigration levels low.

Taking 40% of someones super now makes a huge difference.

Especially with interest rates rising making repayments higher and the Liberals plan designed to basically be seen as doing something about housing affordability while at the same time the primary goal is to keep the current market high, not more affordable.

It's smoke and mirrors when very real and lasting consequences to us the people.

But Labor once held a similar position so who cares?

Please...

Captain Nemo wrote on May 16^th, 2022 at 1:50pm:



Only if you ignore the jump in house prices this will cause in the first place

Captain Nemo wrote on May 16^th, 2022 at 2:09pm:


No one will be forced to take labor up on their offer. if you want 100% ownership you can still have it.

I'm betting the majority of people trying to get into the marker won't mind.

ProudKangaroo wrote on May 16^th, 2022 at 5:43pm:



Wow a whole 6 years longer.ProudKangaroo wrote on May 16^th, 2022 at 5:43pm:



And I never said anything different. I have always believed super should b e for retirement. You take 30K out now and that is 30k at 6% compounded pa lost. Over 24 years about a 120k shortfall. Over 36 years about 240k.

And that was the same in 1993.

Part 1 of a 5 part series on Paul Keating in power. 5 hours worth of documentaries. Some episodes on John Howard afterwards.

lee wrote on May 16^th, 2022 at 6:05pm:



But you're putting money into another appreciating asset, one that often out performs shares.