Our 4 Simple Financial New Year’s Resolutions

Former Singapore prime minister Lee Kuan Yew famously warned in 1980 that Australia was destined to become the "poor white trash" of Asia and our chances have increased exponentially under bigot of incompetent Abbott's government, believe me... Next time, do me a favor, vote for The Greens, thank you... 

IDEALLY FOR OBNOXIOUS CLOWN OF ABBOT YOU SHOULD HAVE PASSED AWAY BEFORE YOU RETIRE: the Libs once again for you (!) and here is why according to the AAP: Labor has called on the government to rule out increasing to 65 the age Australians can first access their superannuation. The change is canvassed in a report by the Productivity Commission, released on Tuesday, showing it could increase Treasury coffers by $7 billion a year towards the middle of the century. Its modelling also suggests households that delay their retirement would be expected to do so by two years and see their super savings increase by about 10 per cent by the time they retire. The opposition is not impressed. Shadow treasurer Chris Bowen says making people wait longer to access their super would be a retrograde step. "Clearly the prime minister should rule that out today," he told ABC radio. Liberal MP Andrew Laming said it was no secret the government wanted Australians to stay in the workforce longer. "In a wealthy economy, where we're all living longer we do have to think about collecting superannuation later, for the simple reason that it needs to last for our expected longevity," he said. But there needed to be arrangements for people who pull out of the workforce involuntarily because of illness or redundancies - something the commission recommended. The commission dispelled the myth that retirees waste their super, finding most are prudent in the ways they spend the saving. Less than 30 per cent of super benefits are taken as lump sums and when they are, Australians frequently use it to pay down debt, invest, or purchase "durable goods" to use through their retirement, the report said. (1 of 2) 

Another tip would be to avoid being 'subversive' under the authoritarian regime of the obnoxious bigot (or do it at your own risk, some are already risking two years in a jail for telling what they see in his concentration camps, beware...): Just avoid singing our national anthem, the 2nd verse in particular: " For those who've come across the seas We've boundless plains to share"... NO FURTHER COMMENT 

My tip for the New Financial Year? Here it is, grave, but worth pondering and understanding, so important it is for the future of our country: "Of course the people don't want war. But after all, it's the leaders of the country who determine the policy, and it's always a simple matter to drag the people along whether it's a democracy, a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger." Herman Goering at the Nuremberg trials 

This one was not part of their New Years resolutions, for 10000 of them! What happens when healthcare turns into a business, as the Libs want it (and are doing everything to get it...): While the worst PM in the history of Australia is "distracting" you with the dangers of terrorists and refugees (to remain in power: if you are scared, you will then need HIM, you will hear his tough stand on refugees and terrorists and will fall for his inhuman treatment of... us all...) there is a major -and REAL that one- scare in three Sydney dentist's surgeries: Hygiene breaches have put 11,000 people at risk of HIV and hepatitis! Dr Chan, the owner of The Gentle Dentist, employs 21 dentists across the three surgeries, including Dr Starkenburg who is "very sorry" about what had happened, but, at 75 years, he said his age had made it difficult for him to keep up with changing regulations. Remember: THERE ARE ALWAYS INFECTION CONTROL & OCCUPATIONAL HEALTH & SAFETY ISSUES IN PRIVATE (BIG BUSINESS LIKE ) HEALTHCARE PRACTICES, WHY? THEY CUT CORNERS, THE ALMIGHTY $ IS "EVERYTHING", YOU, THE PATIENT COME NEXT... The Australian Dental Association NSW also declined to comment on Wednesday except to say that patients concerned that they may have been affected can call the helpline 1800 610 344 from 9am Thursday. 

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Put aside enough now for the "stealth" GP tax: Did you know that from today, millions of patients are set to be hit with a GP Tax by stealth, as Tony Abbott’s four year freeze on Medicare rebates begins. Analysis shows this will amount to around $8.43 for many people, for every visit to the doctor. This is bad policy – bad for patients and doctors: Tony Abbott has broken his promise that the GP Tax is dead, just like his promise before the 2013 election not to cut health, nor pensions! 

Continued: The committee's chairman, Labor Senator Sam Dastyari, told AM that the companies needed to be called to account on their tax affairs. "The numbers themselves are alarming. Frankly the pharmaceutical companies in Australia have set the trend when it comes to tax minimisation and profit shifting," he said. "They're actually charging themselves exorbitant fees to sell their own drugs from one of their subsidiaries in a low-tax nation. "The technique that they're using is to make their company artificially unprofitable in Australia and more profitable on paper in a lower tax jurisdiction. "This is classic tax minimisation techniques and they have to be held to account." Senator Dastyari rejected the pharmaceutical companies' claims that they were operating with the current law. "Frankly, if you were to believe the books that have been presented by the pharmaceutical companies, pharma in Australia is one of the worst businesses going around because they can't make a dollar," he said. "We all know that's not true. We know they're getting $3.5 billion from PBS. We know that they've got incredible levels of sales." The Australian Tax Office (ATO) is scrutinising the affairs of multinationals and last month ATO commissioner Chris Jordan confirmed that at least four big drug makers were being audited. Federal Treasurer Joe Hockey recently gave the ATO wider powers to recover missing tax and to impose fines of up to 100 per cent of tax that should have been paid.> Now, out of approx. 350 companies only 30 are targeted by the ATO who has been recently deprived of 2000 employees by Abbott and his accomplices. 

Some who are once again starting the fiscal year with a big 'bang' and don't need a "Money Smart "calculators to calculate how they rip us off are the pharmaceutical labs who get away in Australia with paying very little tax with so far, the endorsement of our totalitarian government (who prefer to hit the single mums and pensioners): Nine major drug makers will be questioned about their tax minimisation strategies at a Senate committee hearing today after data showed they allegedly only paid a combined $85 million in tax out of $8.2 billion in revenue. The powerful Senate Economics References Committee will call big pharmaceutical chiefs to account on their tax practices, with a special focus on revenue they derive from the government-funded pharmaceutical benefits scheme (PBS). Companies including Pfizer, AstraZeneca, Novartis, Merck Sharp & Dohme and GlaxoSmithKline will be questioned at the hearing in Sydney about profit-shifting techniques through transfer pricing and royalty payments to subsidiaries in other countries. The senate committee has received official data showing that between the nine companies more than $3.5 billion was received from PBS funding in 2014. Of $8.2 billion in total revenue, it is claimed the companies paid tax of $85 million, which equates to a 1 per cent tax rate.