Comments on: Is Kevin Rudd Planning to Steal Your Superannuation and Bankrupt Your Retirement?

By: jack

jack — Sat, 09 Jan 2010 02:59:17 +0000

This is true only i think its even worse ,where are the super funds now? sitting in the Cayman islands ,now what would it be doing there i ask you? this was uncovered during a police investigation of the RBA millions stashed there too ,this says one thing its not safe in Australia and neither is your money ,when the on purpose crash comes for the USA dollar everyone will most likely lose up to 98 cents in the dollar with the new world currency ,no wonder china and USA are propping things up so they can buy up the world with the worthless dollar ,better wake up people and look at the numbers ,we have the biggest credit and housing bubble in the world by far and its all on purpose for the socialist agenda.And yes i predicted the 1st crash too and bought gold at 280 per oz ,even blind Freddy can see whats going on here.

By: Michael

Michael — Sat, 14 Nov 2009 01:44:57 +0000

As I get older, the one thing that I have come to believe is that it is part of a politicians psyche to believe that they know better than the rest of the population on how one should live their life and spend their own money. Communism and fascism is just like capitalism and socialism with one exception, the politicians of fascist and communist states are just "better" at being "politicians".

By: Don

Don — Thu, 03 Sep 2009 05:47:05 +0000

I am right there with you gut milad - about 25 or so years to go and no doubt rising as they push the goal posts back.

One thing we can be sure of is that the economic strain that an ageing population will put on the pension system is unknown but will undoubtably it will not be good or pleasant for the old folk, especially ones which are going to rely on the pension to support them. Forgive me if I am wrong but I don't think that any country has yet to fully experience this grey tsunami as yet but that is only a matter of time. Medical breakthroughs aside it looks like rough weather ahead.

By: gut feeling

gut feeling — Thu, 03 Sep 2009 02:11:18 +0000

I agree with Ned S comments (27 May 09). The gov't can change the rules when they like, so it could all be taxed differently by the time I'm accessing it in 23 - sorry 25 years! (or more, as they'll no doubt raise the retirement age to 70+ by the time I retire).

Also concerning is: who is going to employ a 60+ year old? If you are simply a worker and not in the public service, ageism is already rife in corporate Australia even at 40+ yrs.

By: Dan

Dan — Thu, 03 Sep 2009 01:35:32 +0000

Yes, Biker Pete, it's wise not to rely at all on superannuation for your retirement. All empty promises. Kiyosaki said in one of his coffee table books - never base your investment strategy just on tax laws or government policy, (which I believe because it's usually a trap) - superannuation is shares with a tax break. I don't like shares, so I don't like super. That leaves houses, family and direct involvement in business as a retirement/investment strategy.

By: christina

christina — Wed, 02 Sep 2009 15:30:54 +0000

I can see why they used to say during the great depression of the 1930's: "if you don't hold it, you don't own it" If you don't hold it in your hot little hand, then all you own is a promise

By: Right Pulse » Blog Archive » Was it really unintended?

Right Pulse » Blog Archive » Was it really unintended? — Fri, 07 Aug 2009 15:40:36 +0000

[...] scheme with a new odorous tax regime, and it looks like superannuation is the next target with some suspicion that Rudd wants to change the tax-free arrangements governing people’s accounts and begin [...]

By: Pat Donnelly

Pat Donnelly — Thu, 30 Jul 2009 07:48:50 +0000

Kevin and his missus are the richest pollies in Australia! Dumbo!
They espouse socialism but have garnered millions beating Malcolm! Know your enemy!

Biker Pete gets my common sense award!

By: Bargeass

Bargeass — Sun, 19 Jul 2009 09:04:54 +0000

Of course Rudd wants to steal your hard earned money! All socialists do because they are lazy failures who can't support themselves.

By: gobsmacked

gobsmacked — Sat, 18 Jul 2009 22:26:18 +0000

For those who are incredulous at the idea of our government outright stealing our savings, an obvious political solution is so easy it is staqgering. Governments don't have to outright steal our money, they can simply 'borrow' it and pay us back in never never iou's like Arny is doing in 'Californica'. Many people here are still in the mindset that this current recession is like the others we have had since WWII; temporary setbacks that will self-correct in a couple of years. But we are not in a typical recession. We are in a full-blown debt-induced contraction in which the normal approaches of governments (ie. spend until the economy 'kicks in') will not and cannot work. As the economy worsens they will increasingly become emboldened to take 'unorthodox' approaches appealing to their 'temporary' nature. Stealing while promising to pay back when 'things get better' is as old as gambling, and that is what we collectively have become - a nation of gamblers. Rudd has spent multi-billions of our future taxes on 'stimulating' the economy, and will just as readily 'borrow' our future retirement to try to keep the ponzi scheme going. Before this depression bottoms out (a couple of years from now!)we will see measures taken by governments (including our own) that we have not seen since democracy replaced feudalism. Happy retirement.