Welcome to Seniors Economic Forum - an Alliance of Community Organisations |
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Seniors continue to be economically marginalised and at the same time are being blamed by right-wing economists and commentators for being a drain on the national economy and portrayed as spending money that really belongs to future generations. Such voodoo economics must be confronted and shown to be a scam. In order to do this Seniors must organise to get honest economic research done. Serious questions need to be asked as to why such voodoo economics assumes Australia is different to other advanced nations. Why is it that economic models for the US economy show that an aging community there will actually boost their national economy ( because the additional goods and services needed by seniors in retirement are predicted to increase the size of the US national economy ) whereas here the voodoo economists claim a greying population will threaten all working people with higher taxation? Why is it that a whole new class of legal wheeler dealers has appeared in Australia that make their millions from commission as they sell off via transfer pricing and hidden export of Australian capital and so leave ordinary Australians with just some left-over crumbs ? The last major Australian economic shake-up was the GST. At the time it was sold to the States by the Howard Government as solving the revenue raising shortfall existing (because of the failure of the income tax system to collect tax from the wealthy). But as time has passed additional taxes and levy schemes are being suggested. So the GST was not the solution it was claimed to be. Seniors who are not in the situation of having business income so that they can offset expenses against income and are sitting ducks for what often amounts to additional taxation on personally held capital, or on age pension payments. If you feel that real economic analysis should replace the asset stripping voodoo economics that is starting to make ordinary Australians, and particularly Australian Seniors, fall further down the international economic ladder, then make contact with S.E.F. and let's do something about it !
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