Friday, November 22, 2013

Pensions at 70, rubbish, tax super income above the minimum wage

Just a quick post

There have been stories in the media about moving the eligibility age for the pension up to 70,
which is just a plain stupid idea. Why is this even an issue, because we can't afford the current system.

When the ALP introduced PPL, they decided the minimum wage was right benchmark.

I would suggest that any super income should also be progressively taxed starting at levels above the minimum wage, which is higher than the current tax free threshold but if that is considered a fair wage, that should be fine for people living off super.

To quote the PM: "If you want to put a price on carbon why not just do it with a simple tax."

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