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  1. Rain72

    New Aged Care Shake-Up Keeps Seniors at Home – Lifeline or Letdown?

    Why can't we have a government that just does what everyone knows is common sense? Downsizing is hideously expensive, and not just due to stamp duty - but real estate agent fees, moving costs, temporary accommodation while you find something suitable, and a host of other incidentals. And don't...
  2. Rain72

    New Aged Care Shake-Up Keeps Seniors at Home – Lifeline or Letdown?

    We have a handyman who can do almost any gardening chore and a lot of building maintenance works and he charges $30 per hour. There are lots of handymen offering services for $50 per hr or less. Try putting a Facebook post up on your local community group Facebook page. You are likely to have...
  3. Rain72

    ‘Our human rights will be denied’: Could this law lead to unequal policing?

    Tell these whining 'Elders' this is not about racism. It's about public safety. And public safety must always come first. If they fear their people being arrested, educate them to obey the law and respect the rights of others. It's not hard!
  4. Rain72

    ‘Our human rights will be denied’: Could this law lead to unequal policing?

    Yes. Reverse racism (as it is often called - though I choose to just call it what it is: RACISM) is alive and well. And I, for one, am fed up with it. Just apply the law equally to everyone - including any laws restricting freedom of speech. We have had to tolerate hideous tirades of abuse...
  5. Rain72

    Your questions on Labor’s $3M super tax, answered —Noel Whittaker

    My concern is that too many people think this tax will only impact those with more than $3 million in super. Norway, Sweden and Germany all proved that taxing unrealised gains does major economic harm that hurts the less well off most. And the US abandoned plans to introduce it because they...
  6. Rain72

    This ‘suckerpunch’ electricity price hike is coming—here’s what might soften the blow

    My bill went up over 300% BEFORE the 1 July price rises which will send it soaring yet again. The solar FIT cancellation drove the bill up from almost nil (due to a solar panels) to nearly $300 a quarter. I used four different price comparison tools (including the government's Energy Made Easy)...
  7. Rain72

    Million-dollar retirement? Here's why it’s not actually a must-have

    I didn't say anything about superannuation, much less any 'generational transfer of wealth'. Many of my generation SAVED for retirement. My comment was about the unfair and economically unsustainable assets test, which encourages people to save LESS, because unless you can achieve way more than...
  8. Rain72

    Million-dollar retirement? Here's why it’s not actually a must-have

    You are actually pretty close to the 'sweet spot'', where you receive maximum benefit from both savings and the pension system (via a part pension and concessions). From about where you are a retiree couple gets progressively less total income until they reach well over $1 mil - unless they can...
  9. Rain72

    Million-dollar retirement? Here's why it’s not actually a must-have

    What seems insane to me is that a couple that does save $1 million - potentially by living very frugally during their working life, or working very long hours - can end up gaining no real benefit from their saving. At 5% yield, they only have $50,000 to live on, and none of the pensioner...
  10. Rain72

    Scott Morrison receives country's highest honour for leading Australia through COVID crisis

    What a disgrace and an insult to Australians to have this man honoured. Has it been forgotten, already, that he empowers tyrannical premiers to force a dangerous vaccine on people, lock them up, deny them the right to earn a living, deny them the right to visit loved ones at critical times or to...
  11. Rain72

    NSW is again cleaning up after major floods. Are we veering towards the collapse of insurability?

    We are among many struggling with high insurance premiums because insurers unfairly and without any real reason refuse to insure houses with a particular type of cladding that is very popular, affordable, strong, resilient, fire proof, and easy and cheap to repair or replace. There is simply no...
  12. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    Irrelevant. The type of tax being proposed is the problem - not who will or won't pay it nor how much it is or how much it adds to a total tax burden. Unrealised gains tax is an insidious, dangerous and dishonest tax on money that doesn't exist. You don't have any cash to pay it. Ir's on...
  13. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    Please stop listening to political lies When your food bill and rent go up, you can blame this new ''not a tax' that jealous liars are telling you will 'only affect 0.5% of super accounts'. It won't actually affect many with more than $3 mil in super, love, because most will move their...
  14. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    Nothing to do with rich crying poor. Those impacted will simply move their investments to avoid it and that will damage the economy and everyone will suffer - the poorest most of all. It's not about who has how much super. Taxing paper money that doesn't actually exist is the most dangerous...
  15. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    Modelling has shown that if this unrealised gains tax on super over $3 mil is implemented, $94.5 billion would be removed from the Australian economy and $155 billion of superannuation savings would be redirected into tax-free structures such as principal places of residence, exacerbating the...
  16. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    I doubt it. Two thirds of the nation didn't want Labor returned.
  17. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    Super tax and farmers tax are definitely NOT separate issues. Many family farms are held in super funds that will be impacted by this insane unrealised gains tax. As for giving Albo a mandate - only about 1/3rd of the nation voted for him and he imported a lot of votes to rig the election. Most...
  18. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    Wait for the damage and see if it's ''right wing rhetoric''. I assure you it is not. This dangerous tax will do massive harm to the economy. It has done in France, Norway, Sweden and Germany. All of those countries had to scrap it due to the economic harm Expert modelling shows that $94.5...
  19. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    They would claw back a lot more, make the system much fairer, avoid setting a dangerous precedent with a very insidious tax, and avoid major economic damage that is threatening if they simply adopted the Henry proposal from 15 years ago. Change the tax on super from a flat 15% to 15% reduction...
  20. Rain72

    New tax laws prompt changes in retirement plans nationwide. Here's what we know

    And that is totally irrelevant to the issue - which is whether or not completely changing the tax system to make it okay to tax income that doesn't exist is acceptable. And it isn't, no matter who is targeted. Because it sets a very dangerous precedent and introduces a fundamental unfairness...
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