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Quantum Mechanic
Apr 25, 2010

Just another fuckwit who thrives on fake moral outrage.
:derp:Waaaah the Christians are out to get me:derp:

lol abbottsgonnawin
yeah just got a friend to send me the full text and it's a Pobjie article, phew

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Anidav
Feb 25, 2010

ahhh fuck its the rats again
gently caress off Crikey, you've scared a lot of people. wow lmao.

The Before Times
Mar 8, 2014

Once upon a time, I would have thrown you halfway to the moon for a crack like that.
hahaha gently caress

Anidav
Feb 25, 2010

ahhh fuck its the rats again
Literally bullshit clickbait.

Tokamak
Dec 22, 2004

I figured it couldn't be real. No one would be that dumb, not even the LNP. The GP co-payment backlash was threatening their reelection. loving with Medicare would bury the party.

WhiskeyWhiskers
Oct 14, 2013


"هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)
I figured they might have realised they were hosed anyway and were just going to torch the place before they got turfed.

NPR Journalizard
Feb 14, 2008

Anidav posted:

Literally bullshit clickbait.

Stop being anidav. Pobjie pretty much only writes comedy articles.

The fact you think its plausible its pretty depressing, but it doesnt change the fact he has been doing this sort of stuff for years now.

starkebn
May 18, 2004

"Oooh, got a little too serious. You okay there, little buddy?"
if you couldn't tell it was satire after the first point what the gently caress is wrong with you?

NPR Journalizard
Feb 14, 2008

And anyway, the libs know they cant openly gently caress with medicare.

The gently caress with it in ways people wont really notice, and then, when its really good and proper hosed and no longer working as a universal health care scheme, they will point at it and say "this is no longer working" and sell it off to their mates.

You know, like they are doing with australia post.

Anidav
Feb 25, 2010

ahhh fuck its the rats again

starkebn posted:

if you couldn't tell it was satire after the first point what the gently caress is wrong with you?

Welllllllllllllllllllll

quote:

Singapore has the right prescription
DAVID GADIEL The Australian 12:00AM July 28, 2014

THE Abbott government’s $7 Medicare co-payment appears certain to be blocked in the ­Senate. If the escalating burden of Medicare on the budget is to be contained, a Plan B will be needed. One way is to give Australians greater choice. Individuals should be allowed to opt out of Medicare and assume more responsibility for funding their own care, by ­emulating Singapore’s low-cost and cost-effective, savings-based health financing system.

Compared with other developed nations, Singapore’s distinctive health financing delivers comparable First World standards of care and health outcomes at much lower cost. Singapore spends 3.6 per cent of GDP on health — less than half the amount spent in Australia (9.5 per cent, Britain (9.1 per cent) and New Zealand (10.3 per cent). Yet Singapore’s life expectancy exceeds that in each of these countries. What makes Singapore’s health system unique is the Medi­save system of Health Savings Accounts. Similar to our super­-annuation system, all citizens make compulsory, aged-based income contributions to their tax-effective Medisave HSAs.

Funds accumulated in HSAs pay for hospital care, chronic care, some specialist treatment, and hospital insurance and deductibles and coinsurance. Minor health costs, such as GP visits and most prescription pharmaceuticals, are paid directly out-of-pocket like other goods and services. Greater personal responsibility is the secret to its success in containing health costs.

Public health spending accounts for 41 per cent of total health expenditure in Singapore compared to 70 per cent in Australia and above 80 per cent in New Zealand and UK. More importantly, over 50 per cent of total health expenditure is paid out-of-pocket in Singapore, compared to 19 per cent in Australia. Private insurance in Singapore covers less than 9 per cent of health costs.

Conventional health policy wisdom is that low public spending and high private spending leads to higher health costs and lower health outcomes. In the US, private insurance accounts for 41 per cent of health spending.

Singapore shows that low public health spending, low private insurance spending, and high out-of-pocket spending contains costs and enhances affordability without diminishing health status and quality. It has encouraged Singaporeans to make considered and informed choices; providers deliver quality services efficiently to price-conscious customers.

The Medisave system could provide a blueprint for Australia by linking HSAs to the superannuation system. Individuals could be allowed to opt out of Medicare voluntarily in exchange for opening an HSA attracting the same 15 per cent concessional tax rate as superannuation. Those opting out would trade their Medicare entitlements for an annual health voucher (indexed) for ­deposit in an HSA linked to an ­existing superannuation account. The voucher would be worth average per person government health spending, about $4300 in 2011-2012. HSA funds would be used to meet the cost of specified health expenses. These would include paying for an approved list of GP services and other non-hospital care and for health insurance premiums and coinsurance and deductibles to cover hospital care and other chronic and catastrophic treatment costs. As in Singapore, upon retirement, HSA balances would merge with, and become indistinguishable from superannuation balances.

Health vouchers would cease when pension eligibility age is reached. HSAs would yield long-term savings to government by establishing other sources of funding for old age health costs. Giving people a choice is politically viable, as it sidesteps obstacles that impede the co-payment proposal. Those who want to remain with Medicare could do so.

But the financial advantages of opting out would make HSAs an attractive alternative. Benefits would include more cost-conscious use of health services and more efficient provision of health care. It would also lower the cost of health insurance, as premiums would no longer be inflated by the problem of moral hazard (the overuse of services paid for by third parties) that plagues poorly designed payment systems such as Medicare. These savings would eventually accrue to individuals as higher superannuation balances and retirement incomes.

HSAs would contribute to the sustainability of Medicare. In the 1990s we began to move from dependence on taxpayer-funded public pensions to self-funded superannuation. Medicare opt-out HSAs would replicate this transition for health services. Using HSAs rather than taxes to pay for health services will relieve future budget pressures.

Conservative dickheads have referred to Medisave before.

JBP
Feb 16, 2017

You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.
Ben Pobjie is a comedian not a journalist.

Anidav
Feb 25, 2010

ahhh fuck its the rats again
It tricked a lot of people though.


JBP posted:

Ben Pobjie is a comedian not a journalist.

Crikey, for whatever reason hides the authors of some locked articles. Here is what it looks like for me without a subscription:




Looking at facebook, it's actually tricked a lot of people.

Also gently caress Ben.

freebooter
Jul 7, 2009

NPR Journalizard posted:

The gently caress with it in ways people wont really notice, and then, when its really good and proper hosed and no longer working as a universal health care scheme, they will point at it and say "this is no longer working" and sell it off to their mates.

David Cameron's Patented NHS Disassembly Method

racing identity
Apr 5, 2017

by FactsAreUseless
pen bobjie

birdstrike
Oct 30, 2008

i;m gay

Anidav posted:

It tricked a lot of people though.


Crikey, for whatever reason hides the authors of some locked articles. Here is what it looks like for me without a subscription:




Looking at facebook, it's actually tricked a lot of people.

Also gently caress Ben.

it actually displays fine on Lenovo

TheMightyHandful
Dec 8, 2008

When even the mortgage broker daily blogs report about the bubble there's probably a bubble nothing wrong at all

"mortgage business posted:

A leading economist has warned that Sydneysiders will be the hardest hit when the property boom ends with “a period of regret” as rates begin to rise in 2018.


Released yesterday, the Deloitte Access Economics business outlook for the March quarter noted that interest rates have been so low for so long now that cheap credit seems normal to Australian borrowers.Record-low rates have driven significant gains in property prices in key capital cities, with Sydney leading the pack. However, this could be about to change with global markets pricing in more inflation and growth and rate hikes expected from the Reserve Bank over the coming years.

“We don’t see Australian rates starting to rise until 2018 – but rise they will. Housing prices are dangerously dumb, and the Reserve Bank won’t want to add further fuel to that fire,” the report said.

Deloitte warned that NSW will be worst off when rates rise and Sydneysiders in particular could find themselves in trouble.

“The better NSW looks now, the greater the troubles that this state is storing up for the future. Both history and economics suggests that a surge in housing prices tends to be followed by a period of regret,” the report said.

“We think that’s entirely likely this time too. As we regularly note, the joy of rising wealth eventually gives way to pain of servicing gargantuan mortgages. Interest rates are beginning to rise around the world, and, although official interest rates in Australia may not follow suit until 2018, that augurs badly for the disposable incomes of Sydneysiders.”

The dire warning comes after Deloitte Access Economics partner and top forecaster Chris Richardson last week claimed house prices are now 30 per cent overvalued.

Credit Suisse is confident that Chinese demand will soften the blow of the “coming downturn” as Australian property prices are still cheap compared to major Chinese cities.

However, Deloitte’s Chris Richardson has warned that any financial crisis in China would have major implications for the Australian economy.

In a speech at the National Press Club earlier this month the leading economist said that an economic crisis in China could send Australian real estate tumbling by as much as 17 per cent.

“If China did stumble, then the hit to the Australian economy would strip out $40 billion from the budget bottom line in 2019/20 alone,” he said.

One bit of advice I give to young Australians is right now, amid our housing markets at the moment is don't buy.


Or maybe it's a bluff and they want all the good stuff for themselves!

NPR Journalizard
Feb 14, 2008

Anidav posted:


Also gently caress Ben.


mate

ewe2
Jul 1, 2009


This is SUCH a bullshit article. I assume you didn't click through, so just to save you:

quote:

Low-income welfare recipients are turning to negative gearing to get a foothold on the property ladder, according to a report that finds the share of households that pay no net tax has climbed to as high as 60 per cent.

As debate rages over the merits of negative gearing, the KPMG report reveals the bottom fifth of households (ranked by income) have enjoyed growth in “investment income” of 8.5 per cent a year over the past decade, more than four times faster than the other 80 per cent. This was “confirmed by the substantial increase in value of second mortgage payments being undertaken within this quintile,” the study found.

The report, which uses Melbourne Institute and ABS households income data over 20 years to 2015, also suggested the share of households paying no net tax — after welfare payments are netted against income tax paid — has reached 60 per cent, which is above most conventional estimates that put the figure nearer 50 per cent. “This needs further review by the government as it suggests that the loosening of transfer payments after the GFC were never properly tightened up again — and it is very difficult to withdraw benefits once they have been granted,” said KPMG chief economist Brendan Rynne.

The number of low-income households with second mortgages is estimated to have more than doubled to over 37,000 since 2006.

“While it is perhaps understandable that the poorest members of our society want to diversify and increase their incomes, this group is the least able to take on the financial risk associated with geared investment activity”, Mr Rynne said. “It is clear from our analysis that if the bubble does burst it will not just be the better-off who will be directly affected, the poor will be too,” he said.

The KPMG analysis, to be released today, emerges a week after Scott Morrison appeared to rule out changes to negative gearing, which Labor has promised to limit to new dwellings if it wins the election.

The Reserve Bank warned last week that a third of homeowners did not have any mortgage repayment “buffers”, leaving them vulnerable to rising interest rates in a housing market characterised by soaring prices in Sydney and Melbourne and rising debt. Mortgage debt has risen 7.3 per cent a year in the decade to 2015 — it is currently more than $1.6 trillion — but mortgage interest payments increased only 1.5 per cent, the analysis showed.

Housing affordability is to be the central element of the May 9 budget, although the final shape of the package has not yet been settled.

Liberal backbencher Craig Kelly is pressing for incentives to encourage older people to downsize to a smaller house, exempting cash gains from the pension assets test.

He said many older people were hanging on to their four or five-bedroom homes simply so they could continue to receive the pension when they would happily live in a two-bedroom unit. Mr Kelly said this phenomenon was having a detrimental effect on the supply of housing. He suggested the government should change the rules so that “if you did downsize, then the residual …. (won’t) count in your pension assets test.”

The KPMG report finds half of the income of the poorest households was derived from government transfers.

“This outcome has in part been influenced by the growth in the Australian minimum wage … to $657 a week in 2015,” the report said.

A lot of weasel words and a scary headline. "Pensioners" with high value asset, family trusts, and minimized tax, not actual pensioners and Newstart recipients. On top of that, they want to blame the minimum wage, and introduce yet another cash scheme that does nothing to improve revenue.

What it really means is that we are badly over-extended and even if they wanted to remove negative gearing, financial collapse for many is assured. Couldn't happen to a nicer generation.

DancingShade
Jul 26, 2007

by Fluffdaddy
Everyone who isn't on the Boomer gravy train already is hosed anyway so it's really a case of how do you want the house of cards to collapse :toot:

My vote is for uncontrolled sudden panic.

Don Dongington
Sep 27, 2005

#ideasboom
College Slice
Boomers will find a way to shove the consequences down onto the younger generations, because they always do.

Just watch - it'll happen in a way that allows investors to shed their portfolios with minimal losses to their overall net worth while younger owner-occupiers get turbofucked, or at best have no capacity to up or downsize to suit changing circumstances.

Shunkymonky
Sep 10, 2006
'sup
https://twitter.com/TheKouk/status/854636812798640128

DancingShade
Jul 26, 2007

by Fluffdaddy

Don Dongington posted:

Boomers will find a way to shove the consequences down onto the younger generations, because they always do.

Just watch - it'll happen in a way that allows investors to shed their portfolios with minimal losses to their overall net worth while younger owner-occupiers get turbofucked, or at best have no capacity to up or downsize to suit changing circumstances.

Oh sure but if you're in the younger generation that are looking at $800k bus stop sized parcels of concrete as the cheapest available real estate and a hosed ever shrinking job market then they don't have a lot to lose.

JBP
Feb 16, 2017

You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Anidav posted:

It tricked a lot of people though.


Crikey, for whatever reason hides the authors of some locked articles. Here is what it looks like for me without a subscription:




Looking at facebook, it's actually tricked a lot of people.

Also gently caress Ben.

That's very stupid.

Whitlam
Aug 2, 2014

Some goons overreact. Go figure.
Fun story: a few months ago I was at an announcement, and the mayor of an area that's seen extreme property value increases in recent years and I got talking. I said something about a property bubble, and he went on at some length about how there wasn't a bubble, and it was situation normal.

About five minutes later he told me that when he's not being mayor, he's a mortgage broker.

Ora Tzo
Feb 26, 2016

HEEEERES TONYYYY
If there's one thing the Liberals definitely don't want it's a mediscare.

NTRabbit
Aug 15, 2012

i wear this armour to protect myself from the histrionics of hysterical women

bitches




Blaze it up at the protests today

Capt.Whorebags
Jan 10, 2005

Don Dongington posted:

Boomers will find a way to shove the consequences down onto the younger generations, because they always do.

Just watch - it'll happen in a way that allows investors to shed their portfolios with minimal losses to their overall net worth while younger owner-occupiers get turbofucked, or at best have no capacity to up or downsize to suit changing circumstances.

I guaran-loving-tee you that as soon as it looks like boomers will suffer losses and/or hardship, the govt of the day, regardless of who it is, will come up with a bailout scheme. Poor hardworking battlers, now in their twilight years, shouldn't be penalised for having a good old aussie punt on the housing market, mistah speakah. Hence we need a package to bailout losses on their first five, no wait, ten investment properties.

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
Looking for some legal advice. How did one declare themselves an investment property? Seems like the best way to get the govt to look after you.

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
https://twitter.com/noeltowell/status/854808068751728640

That didn't last long

WhiskeyWhiskers
Oct 14, 2013


"هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)

quote:

"The minister would imagine, like most notes given out anywhere, that staff filed them under the same category as most memos from management," a spokesman said.

Uhh guys? You're letting the veil slip a bit. Don't let people know that the bosses are useless leeches that exist for no productive purpose, but the reproduction of their class position. Are you crazy?

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
Next month's thread title free for whoever wants it

Auspol May - I pledge allegiance to One Nation

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
This presser sounds like it's wild

https://twitter.com/katinacurtis/status/854826980155334657

Anidav
Feb 25, 2010

ahhh fuck its the rats again
Actually we agreed at the Brisbane meet up that the next thread should be cheese themed and compare the political parties to different delicious cheeses.

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.

Anidav posted:

Actually we agreed at the Brisbane meet up that the next thread should be cheese themed and compare the political parties to different delicious cheeses.

I pledge abriegiance to One Nation

Happy now?

---------------

https://twitter.com/GrogsGamut/status/854830878882619392

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
https://twitter.com/KJBar/status/854827659125063681

Good thing you're not the government gutting the ever loving gently caress out of programmes designed to stop those things then eh then you giant pissbaby.

open24hours
Jan 7, 2001

Turnbull looks like such a clown at this presser. Almost feels like watching Hockey again with the fake exasperation.

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
https://twitter.com/therevmountain/status/854833714307530753

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
https://twitter.com/oz_f/status/854838101851512832

:2bong:

Bogan King
Jan 21, 2013

I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.
ABC has a cool thing where you can see what property everyone has declared

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Recoome
Nov 9, 2013

Matter of fact, I'm salty now.

Anidav posted:

Actually we agreed at the Brisbane meet up that the next thread should be cheese themed and compare the political parties to different delicious cheeses.

the Greens should be Red Leicester

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