The recent report by Treasury has warned of rising costs in providing for our ageing population. We all want a comfortable retirement income and access to the best services available but how can we ensure this without higher taxes on younger generations particularly as the baby boomers and Gen X retire? I say increase compulsory super from its current 9% to 12% and eventually 15% as was intended with this visionary Paul Keating reform. What do you think?
And be careful, don't be seduced by the scaremongering of Abbott over this. The Labor government is not blaming the oldies for the rising cost, it is looking for solutions to ensure that they have what they need when they retire and which they have earned during their working lives.
Monday, February 1, 2010
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