|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
02-17-2013, 07:31 PM
|
#2
|
Full time employment: Posting here.
Join Date: Dec 2010
Posts: 576
|
Maybe the sale of canned cat food will go up when pension is cut back.
|
|
|
02-17-2013, 07:36 PM
|
#3
|
gone traveling
Join Date: Oct 2012
Posts: 329
|
Quote:
Originally Posted by bondi688
Maybe the sale of canned cat food will go up when pension is cut back.
|
No need for that, we have plenty of kangaroos and koalas in the backyard if we're desparate
|
|
|
02-18-2013, 07:08 AM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2011
Posts: 8,368
|
Throw another yabby on the barbie.
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
|
|
|
02-18-2013, 08:10 AM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
|
One of the comments mentioned the real reason for this comment by the Minister. Loss of tax revenue.
Here in the good old USA, we have the same problem. And now we've started raising income taxes again. That's going to work against incentives to keep working. ER will look better all the time.
|
|
|
02-18-2013, 08:27 AM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
|
Quote:
Originally Posted by JoeWras
ER will look better all the time.
|
As if that's even possible...
|
|
|
02-18-2013, 09:27 PM
|
#7
|
Recycles dryer sheets
Join Date: Mar 2008
Posts: 410
|
I see in the article the Australian Minister, was born in 1970. The same as Paul Ryan. Seems to be a mindset among this age group. I hope I'm taking a dirt nap before they gain widespread power. It won't be a good time to be elderly.
__________________
ACC USN-(Ret)
|
|
|
02-18-2013, 09:57 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
|
Anyone remember this movie... 30 was mandatory retirement, 35 you were rounded up and sent to reeducation camps.
Wild in the Streets - Wikipedia, the free encyclopedia
|
|
|
02-18-2013, 10:38 PM
|
#9
|
gone traveling
Join Date: Oct 2012
Posts: 329
|
Quote:
Originally Posted by BLS53
. I hope I'm taking a dirt nap before they gain widespread power. It won't be a good time to be elderly.
|
Agree. If they need more taxpayers, there is every chance they may disincentivise RE's by direct taxation on income or wealth.
If that happens, it may be time to look for greener pastures.
|
|
|
02-19-2013, 04:51 AM
|
#10
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,717
|
This topic is interesting, so lets try to avoid partisan comments and views.
|
|
|
02-19-2013, 05:42 AM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
|
When "those in power" (pick your country, party, and cultural name for politician) start talking like this, then these are the fears that well up:
- Net worth tax
- "Passive income" tax increase. Not necessarily the USA IRS definition, but rather income gained from means other than a direct or implied employment contract between you and an employer.
- Net worth means testing for medical and retirement
- Retirement fund aggregation. Hey, let's take all that money you earned and are managing and pool it together so the gvmt can take good care of it for you.
- Increasing eligibility ages
They would all hit ERs hard.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|