Monday 2 March 2009

On the money.........


It seems there is no end to greed in the ranks of the rich in Oz.

Example One:
"ALMOST 400,000 millionaires are receiving the age pension and 51,200 people in the nation's top income bracket also are getting the welfare payment.
As the Government prepares to lift the pension rate for the poorest single age pensioners, it has emerged tens of thousands of people receiving the payment are very well off.
And a key welfare group is calling for a crackdown on the rich receiving the pension, which would include homes worth more than $1 million in the age pension means test.
Research carried out for the Brotherhood of St Laurence has found the age pension system is helping the rich because the means test exempts the family home.
Other very wealthy retirees are able to fiddle their income so they can receive a part-pension.
The research by NATSEM shows 14 per cent of the nation's 2.8 million pensioners have an average net worth of more than $1.6 million when the value of their home is taken into account.
But even if the value of the home is disregarded, 51,200 age pensioners have incomes that place them in the highest income bracket."


Example Two:


Example Three:

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