25-09-2025, 05:28 PM
(25-09-2025, 03:37 PM)Lilith7 Wrote: Westpac senior economist Darren Gibbs said that "People could fill the gap with private savings"
Yeah...nah. There might just possibly be a wee problem with that idea,mate. Due to:
1) People not being paid enough to save
2) People not being able to find a job,or being unable to work
We could always set up a fairer system altogether of course, rather than to continue down the deeply unfair road of Neo Liberalism - I might be a bit picky but it seems to me that the 'to them what has lots,even more shall be given' system is just a tiny bit blardy unfair.
Then again, I am currently reading Limitarianism so may just possibly be slightly touchy on the subject. Probably comes from reading about those poor bastards who 'survived' the Bhopal gas tragedy. The survivors got sod all of anything & are still living with the effects of it. Toxic waste still present being just a part of it. The out of court settlement was less than 15% of the initial amount originally sought.
When I was working and raising kids, there was no spare money for saving - we lived from pay to pay. That was at a time when people on my income could afford to buy a house. Things now are much worse, with ridiculous rents and house prices, so saving for retirement is out of the question for the majority.
I do have other cameras!