What has Negative Gearing, Private Health Insurance, Solar Power and Superannuation all have in common?
Does the biblical saying ” The Lord giveth and the Lord taketh away” ring any bells?
Australians were encouraged to take up Private Health Insurance through an incentive offered by the Government to assist in reducing the pressure on the public health system. That incentive/subsidy is now significantly reduced or has been removed completely. The cost of Private Health Insurance continues to rise beyond reason, yet record profits are being recorded by these insurers. How’s your incentive to remain in Private Health Insurance going – do you feel sucked in ? 
With soaring energy prices, Australians were encouraged through another Government incentive to install solar power in their homes. Do I need to say anymore? Energy prices also continue to rise well beyond reason with little incentive or subsidy remaining to instal solar power. How’s your electricity bill going – still feeling ripped off? 
Ah yes – Superannuation. How many times have you heard the Government voice their concerns that not enough Australians will be able to self-fund their retirement and hence the huge financial drain being placed on our economy is unsustainable? How many times have the rules changed; how much more will the Government tax your funds over the next years; how much are you paying in management fees? How old do you now have to be to access your super? How’s your super going these days – have your retirement plans been pushed out a bit further – feeling like your being taken for a ride? 
And now Negative Gearing moves into the target zone. Whether this incentive, right or wrong, is to be debated for whatever reason isn’t for this post. The point is that for a fair percentage of the working class, the Government can’t keep offering incentives to take up Government promoted incentives with the end game being to reduce the pressures on the public purse. Then…. when it doesn’t suit – change the rules, remove or apply another impost that just creates further mistrust and is almost like a thief in the night! Is it any wonder both sides of Australian politics has rapidly diminishing credibility with so many people.
I was kindly sent an interesting piece by a man’s theorist on an economic experiment held in a tertiary institution – see below for excerpts from the outcome.
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2. You can not legislate the poor into prosperity by legislating the wealthy out of prosperity.
3. What one person receives without working for, another person must work for without receiving.
4. The Government cannot give to anybody anything that the Government does not first take from somebody else.
5. You cannot multiply wealth by dividing it!
6. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
Very interesting – RD
