http://budget.gov.au/2014-15/content/bp2/html/bp2_expense-21.htm
Here, search for "Stronger Participation Incentives for Job Seekers under 30"
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
2014 Australian Government Budget |OT| Throw some debt on the barbie
- Thread starter mjontrix
- Start date
- Status
http://budget.gov.au/2014-15/content/bp2/html/bp2_expense-21.htm
Here, search for "Stronger Participation Incentives for Job Seekers under 30"
Age of entitlement over. Too bad.
the word entitlement is finally more obnoxious in a context other than videogame criticism
ThoseDeafMutes
Member
I was having a conversation with my mother the other day and was shocked to discover that she believes people deliberately not working to live on welfare is a major problem in Australia.
Holy shit lolFrom AusGAF:
AdventureRacing
Member
Always reminds me of wog boy. All these people living the high life on the dole.
Ban Puncher
Member
2015's political buzzword confirmed to be 'privilege'.
Welfare Queen scare-mongering is such a lovely narrative...
ThoseDeafMutes
Member
Especially "funny" since she's been taking advantage of public hospitals for her cancer treatment and will may need a disability pension for the rest of her life if she survives.
Not hyperbole lol.
The East Asian countries are probably our best bet. Sell the home to the Chinese - move into their backyard. Buy Apartment in Malaysia for 300K. 500K in investments. 7% yield that's 35K a year. 5 K to increase investments 30K to live on. Actually works out perfectly fine. And that's before working there.
You could argue there is a proportion of people who do that, perhaps amongst them are drug users as an example. But I also expect that if you scratched the surface there you would almost certainly find a high proportion of mental issues such as psychoses and the like - ie people who would probably have a hard time managing a "productive" life let alone a job that Economic High Priests assume we all aspire to, such as scrubbing urinals and painting skip bins.
The downside being you'll have to live in Malaysia.
It's okay, I'm Malaysian, it's cool
Of course there are people taking advantage of the system and it's in Australia's best interest to deter or prevent them from doing so, but this kind of measure is just going to catch a lot of people in the crossfire.
Does he imagine all money is worth the same to all people? Does he not see that $7 to a poor person is worth far more than $7 to a rich person? RELATIVITY, HOCKEY, YOU SHITBAG
The Philippines is also an option.
Thailand is in a bit of political strife so avoid that.
South America is also on the cards...but well, the Cartels...
Precisely. It's far more honourable and justifiable to spend enough to ensure people who cant get the basics are able to get help and assume that maybe 10% of those eligible for it will be misusing those funds. The alternative is to fuck everyone over, which apparently is the direction Rothschild has advised.
Which ones? Newscorp or Rothschild?
And for those who are about to cry conspiracy...
http://www.rothschild.com/gfa/our_clients/governments/
It's not a conspiracy if it's on their official website.
ThoseDeafMutes
Member
What kind of investment you got to do to get 7% yields?
NZ and Canada are really about it for equiv quality of living methinks
Ban Puncher
Member
I got a letter last week from the government telling me I had until the end of June to sign up for private health insurance to avoid the over 30 increase.
Now I really can't afford it even more but I'll have to get it regardless unless I want to die in an overcrowded public hospital waiting room full of tight bastards who have the sniffles or just want a chat.
Now I really can't afford it even more but I'll have to get it regardless unless I want to die in an overcrowded public hospital waiting room full of tight bastards who have the sniffles or just want a chat.
Beaniedude
Member
Whelp. The budget is a thing that happened.
Index funds - http://www.multpl.com/s-p-500-earnings-growth
~14% actually but I'm accounting for sudden dips. Virtually all funds underperform the market but if you're looking to hedge for downside then sub 10%.
http://money.usnews.com/funds/mutua...stitutional-high-income-fund/lshix?int=af9256
If you go for US uni bonds which can't be forgiven due to most(US) bankruptcies then it's ~10% over the past decade. So pretty safe.
https://www.youtube.com/watch?v=bCLoNOYcVQU
Ruthless_Barbarian
Member
$7 to see the doctor is nothing. Surely people can just forgo their weekly cigar!
That bogan dude on ABC brought up a good (obvious) point: See a doctor, there's $7 per person (if all three kids of yours are sick, there's $21). Need prescriptions to help cure them? There's another $5 per kid per script. Say each kid needs two rounds of prescriptions, that's $17 x 3 on top of what they'd have to pay already.
Fuck this government.
Now, I don't know a hell of a lot about how politics can work... can any of the things that were just announced not go through by way of them being blocked by the Greens/Labor?
Edit: Wow, this education union guy is PISSED. Looks like he's about to cry. That's anger and frustration right there.
What irks me is the rhetoric about the 'sharing of the load'.
What are the odds that everyone will share in the prosperity? Or will that just be for the big corps with active lobbyists as per fucking usual?
Also, the vindictive part of me hopes that some people who voted this lot in get hit hard. Especially if they work at newscorp.
What are the odds that everyone will share in the prosperity? Or will that just be for the big corps with active lobbyists as per fucking usual?
Also, the vindictive part of me hopes that some people who voted this lot in get hit hard. Especially if they work at newscorp.
We can share in the prosperity by driving on the roads that will be built with the money we're saving!
That's if you can afford the fuel, of course. And don't get in an accident, because if you need to see a doctor, that'll cost ya.
AdventureRacing
Member
Good luck if you have a chronic disease like diabetes where you're at the doctors all the time as well. It's really going to hurt older people a lot too.
I would say that this is a poor attitude but then i think about how many people i know who voted liberal because of the juLIAR and boat people rhetoric.
I'm arcing up because I take medication for my ADHD at roughly 1 bottle a month. Add whatever else I might need a prescription for during a year, and there's a shitload of extra money that I might be able to afford now, but there'd be thousands of families and hell, maybe even myself in the future that might not.
Dr. Google is going to be getting a hell of a workout. But you'll have to wait for it... no NBN.
It is, but yes, I agree. Don't like to be spiteful, but fuck it, sometimes it feels good. Like now.
favouriteflavour
Member
The attack on education and the ABC continues. They disappointed me in line with expectations.
And make sure you save your pennies for the tolls because no new roads are built these days that aren't the great scam that is public-private partnerships.
Those are the people I mean.
Young Liberals are the dumbest of the lot, they're not even in a position to benefit from any of the things they champion for.
AdventureRacing
Member
It's a great time to be poor, sick or old.
Not sure why they would be on your facebook feed. If i saw shit like that on my facebook i'd be deleting those people from my friends list (and it would definitely impact how i interact with them outside of that as well).
TheHeretic
Banned
Despite the cataclysmic rhetoric, the Government will spend about what its spending now in services and collect about the same amount of revenue. None of these changes are all that dramatic. The new "Newstart" program looks like some weird equivalent of the Earned Income Tax Credit for students and young workers. The number of people on these programs has increased dramatically so it makes sense to try to trim them. Some unfortunate souls will probably get caught in the middle though.
Dropped_Off
Neo Member
Somewhat glad to be finished my degree by the end of 2015. Somewhat put off by the though of a masters degree then, and if it affects the price of that. Feel bad for the people coming into uni at the start of 2016.
Comedy value.
favouriteflavour
Member
Taxing the wealthy will not make them fuck off if the overall quality of life is high.
Sutton Dagger
Member
Wait, we are actually going to have to pay interest on HECS-HELP debt?
Hopefully they'll benefit from the cuts to welfare for under-30s
No, they've 'just' lowered the income repayment threshold.
Though some is ceasing - HECS-HELP benefit for certain courses is gone
Indexation is also being adjusted
ThoseDeafMutes
Member
AdventureRacing
Member
Really? I must have missed that. Glad i'll have payed mine off in the near future. Between that and increasing fees it gives me second thoughts about doing my masters. I might hold off until i'm in a bit more of a comfortable position.
Haha fair play to that.
Aarglefarg
Member
To paraphrase a quote I heard on the ABC (Lyndal Curtis).
"Abbott set the bar very high for his government, and now they're trying to jump under it".
Perfect.
"Abbott set the bar very high for his government, and now they're trying to jump under it".
Perfect.
- Status
Similar threads
- Locked
- Locked
- Locked
- Locked