Apparently we have a problem with an aging population which will cripple the economy with pensions, tax free superannuation and their health care needs. The worst offenders are those aging public servants and politicians for whom the future fund was set up to avert catastrophe. Oh the outrage when Rudd suggested dipping into the future fund to fund telecommunications infrastructure.
Howard has said that we are scared to be successful. That this boom can go on as long as we as a country want it to.
What is being done with our Asian monty haul? Howard has proposed giving it back in tax cuts, which is close to setting it on fire. If Howard is elected, being the highly paid individual that I am, I will receive about $5 a week over the next three years on average from this plan. If interest rates go up due to this, which in the current climate would appear likely, then I am sure I would likely lose this short found gain in increasingly expensive rents if nothing else. If you had a family and house repayments, I think this might equate to going backwards.
This money might actually belong to our geriatric future Mr Howard, so those after the baby boomers might be able to have theirs with out having to carelessly unplug a life support machine or two.
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