Godwin's Law proves itself yet again and that's twice for you Runner.
Tah Dan is the other but I'm not sure his usage falls under the definition.
And I have sat in the hospital emergency room on plenty of nights with a chronically ill child. The mass of human tragedy always assembled wasn't cured with dencorub. I cannot be thankful enough for how accessible our medical system is.
Unfortunately, I've also had to spend a few hours in Emergency on a couple of occasions recently, and there have been many broken bones (mainly foorball injuries I think), and people who are obviously very sick. The service can be a bit slow but it is tremendously valuable for those who need attention but cannot get it otherwise for one reason or another. In my case it was mainly due to the time of night and other services were not available.
I think this is the "save Gina and Twiggy some money and fuck low income earners" agenda. It's no secret.The Mining Tax has been repealed saving the budget around $50b over 10 years according to Joe Hockey. Intuitively, any revenue source being repealed would be a cost, not a saving to the budget, but Joe informs us that savings will come by deferring increases in the superannuation guarantee. But I've also seen that the superannuation guarantee is actually paid for by the individual as it forms part of their salary package. Can't see how there could be a budget saving unless the government has plans to freeze public service wages at their present level for the ten year period mentioned. Is this the secret agenda?
In 1990 Bob Hawke said this: "Australia must reduce its reliance on imported technology and borrowed research. We must become a leader in the production and export of ideas."Commenter
Could you imagine for a second any Abbott minister saying anything like this? The Abbott government and some commercial media have done much damage to the standing of science in Australia.
PS: There's only one Honey Badger and he's playing rugby in Japan.
Sceptical of sceptics
Location
Date and time
September 03, 2014, 1:01AM
I have never employed someone who has taken into account the super guarantee in wage negotiations, you remind them about the chunk you throw into their super and their eyes just glaze over
http://www.abc.net.au/news/2014-09-03/keating-superannuation-betrayal/5717070This isn't their first superannuation betrayal
By Paul Keating
Posted about an hour agoWed 3 Sep 2014, 4:48pm
PHOTO: This decision ranks with the abandonment of the 15 per cent Superannuation Guarantee. (Archive pool: Reuters)
The Liberal party has always opposed universal superannuation, and as it revealed yesterday through its deal with the Palmer United Party, it still does, writes Paul Keating in this public statement.
Mandatory superannuation contributions at 9.5 per cent spread over a 35 year working life for someone on $100,000 to $150,000 per annum will provide an income after retirement of roughly 50 per cent of pre-retirement income.
This is way below the 70 per cent of pre-retirement income replacement a Superannuation Guarantee at 12 per cent would provide. And 70 per cent is the level adjudged by income specialists and welfare groups as the appropriate level of disposable income needed in retirement.
Under the current law, the changes introduced by the former Labor government would see the 12 per cent rate begin on 1 July 2019.
The government's decision yesterday, with the connivance of the Palmer United Party, jams compulsory superannuation contributions at 9.5 per cent till July 2021 - effectively wiping out any prospect of the SG ever moving beyond 9.5 per cent without a change of government.
Yesterday's decision represents nothing other than the wilful sabotage of the nation's universal savings scheme. And sabotage for reasons only of prejudice.
The Government's connivance with PUP to spike superannuation at 9.5 per cent has little to do with the budget balance this year, or in the early out years, and everything to do with cheap ideology.
The Liberal party has always opposed universal superannuation and as it revealed yesterday, it still does.
This decision ranks with that of the former Howard government's 1996 decision to abandon the Keating government's 15 per cent Superannuation Guarantee, designed particularly to lift the 1940s baby boom generation to more adequate levels of accumulation in their remaining years before retirement.
The cost of yesterday's decision will not only adversely affect the baby boom generation but more substantially, their children - the so-called Generations X and Y.
The Howard/Costello decision in 1996 cost the average Australian worker roughly $250,000 in accumulation over their working life. The cost of yesterday's decision will be in the region of a further $100,000.
The Prime Minister and Mr Palmer trotted out the tawdry argument that working people are better off with more cash in their hand today than savings for tomorrow. They omit to say that superannuation savings represent deferred consumption, not lost consumption. But more than that, that their superannuation contributions become compound savings - where the earnings on their accumulations are in tax terms permitted to earn further. That is, earnings on the earnings - compound earnings which, over a lifetime, grow exponentially to support a person in retirement.
If Tony Abbott's argument about the value of cash today had substance, there would be no savings. No savings in savings banks and no savings in superannuation. For, if the Prime Minister's claim were to be true in logic, it would need to be true absolutely. That is, the notion that people are better off spending and disposing of all their income than saving any part of it.
This week, Australia's pool of superannuation savings topped $1.87 trillion - larger than the market capitalisation of the Australian Stock Exchange. That vast pool of savings, which has revolutionised our capital markets and dramatically lowered the cost of Australian capital, exists, in the main, because of compulsory superannuation.
You don't expect conservative governments to believe in much but, at least, you expect them to believe in thrift. This Government does not even believe in thrift.
The Treasurer talks of ending the age of entitlement. I gave substance to that notion 30 years ago, when I first asked Australians to provide for their own retirement - to move beyond reliance on the age pension as the default anti-destitution measure.
Yesterday's decision puts the pension back at centre stage, as retirees find that their superannuation accumulation is not large enough to live from without pension supplementation.
Yesterday's decision is an appalling one - by a government lacking any genuine or conscientious concern for the nation's workforce.
Paul Keating was the prime minister of Australia from 1991 to 1996. View his full profile here.
Thanks mate. A good read. Sadly true.Remember this massive debt and how it will burden our children's, children's, children and we were doing an injustice to inter generational equity. Now consider how this super decision will burden inter generational equity. When a conservative politician talks of inter generational equity, you can just smell the shit coming off their breath.
http://www.abc.net.au/news/2014-09-03/keating-superannuation-betrayal/5717070
It still amazes me that this bloke left school at 14, yet our current PM went to Oxford.
Think I will stop voting.