|
Quote: |
|
 |
|
|
Hi Nick
Yeah this Kiwi thought many times about flying the Tasman.
Then I read in the paper that the Aus government is talking about going down the same destructive road NZ just went down. Can't win. May still quit this country yet.
I am a baby boomer, I used to think my generation would make a difference but what we got was 30 years of vultures in commerce and twisted individuals in politics. They were not like us, they were damaged goods, wierdos mostly. Few of them were what I would call healthy people.
Another good thing about boomers getting to retirement age is that there should be a labour shortage and that should see wages and labour laws improving. But how you tax payers will fund our hospitals, rest homes and pensions hehe, thats going to be interesting. Maybe you should export your boomers to NZ...
I hope you do get some healthy people into power, coz I might come join you if that happens. |
|
|
|
|
In Australia about 14 years ago superannuation became compulsory as the Labor government at the time realised that the Baby Boomer generation will cause a huge strain on the tax funded pension system. Currently you must contribute 9% of your gross salary into superannuation every year. Despite 14 years of these contributions people still find themselves in a positon where they are still unable to be self funded retirees. I work in the financial planning industry so I've seen a lot of this. As the grey dollar becomes more and more important the strain on the Gen X and Y'ers will grow. Soon the i-pod generation will feel it as well when the Gen X'ers start to reach 55 years of age.
It will be interesting to see now what happens with the elections this year. John Howard still hasn't called them yet but he's just announced that should he be re-elected he will retire within a couple of years leaving the way open for our Treasurer, Peter Costello, to become our new PM. I hate both the major parties so I'm gonna donkey vote an independent!
The Asia/Pacific region is becoming the new major player in world politics and economics driven forward by Japan, China, South Korea, and Australia. Will be an interesting time in the next 20 years untill my generation is firmly entrenched in power
