Egos in politics costing future Australians

Crikey readers talk budget legislation and why we should continue to tax earnings in retirement.

Lack of planning leads to an unsustainable future

Alan Bartlett writes: Re. “Why we should continue to tax earnings into retirement” (Friday). After World War II the Chifley government introduced a social security tax to pay for social security, including old age pensions for Australians. The Menzies government with all the foresight and wisdom typical of the Liberal Party abolished the tax and disbursed the funds into general revenue. Had the money been set aside and invested (a future fund?) as intended, we wouldn’t have the spectre of an unfunded liability for pensions as we see today.

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One thought on “Egos in politics costing future Australians

  1. JohnB

    Oh, for Heaven’s sake, Bartos, give it up!

    You made a couple of loose statements and have been corrected. Why flap around like a fish on the bottom of a dinghy, which only draws attention to your predicament and does nothing to alter the outcome.

    As for your repeated assertions that “convention” would require the PM’s resignation if the Senate refused Supply, do you have an example of when and where this has happened? One? If so, why have you not provided it. If not, then on what basis is it a convention? The hole which you are digging for yourself is only getting deeper.

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