Why do we allow politicians to get away with this stuff.
After WW2 income tax was raised for the purpose of providing an old age pension. Then a few years later, under PM Robert Menzies this extra tax was put into general revenue, now after paying that extra tax for decades we are treated like thieves for wanting to collect the pension we paid for.
Twenty years ago we had a youth unemployment problem, our politicians solved this by raising the school leaving age and retiring lots of people of 55 years and older. And promised by the end of the century everybody would be retiring at age 60. As a result we now have a shortage of tradesmen because kids are staying on at school. Plus the cost of funding pensions is too hard because they never put the funds aside so, instead of retiring at 60 years the retirement age is now 67 years.
But of course if you are a politician retiring from parliament, regardless of your age you will collect $100,000 pa pension immediately for the rest of your life even if you take-up another job.
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