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Post by Deleted on Nov 9, 2013 17:11:20 GMT 7
Yes Most of the money the government hands out in DSP and newstart payments all goes straight back into the economy anyway, we don't invest our income in shares or real estate or buy fancy foreign cars or even save much , we spend it at as soon as we get it at the supermarket, chemist, rent , petrol and paying the bills all of which boost the economy and creates jobs. If Hockey got his way and a huge cut in welfare it could cause a recession.
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Post by latindancer on Nov 9, 2013 18:46:43 GMT 7
A recession for SOME, at least....probably the poorest. At the very least it would create more of a 2-tiered economy.
Some people are still quite affluent. I've been looking through "Freebies" on Gumtree, and people are both very generous and sometimes just unwilling to go through the bother to sell stuff. I got some nice furniture recently.
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Post by aussieinusa on Nov 10, 2013 7:56:39 GMT 7
A recession for SOME, at least....probably the poorest. Exactly. One of the things poor people don't realise about rich people is that a lot of them see a major, long-term, sustained recession -- like the Great Recession happening in the US and Europe atm -- as a wonderful opportunity to buy high-value assets at a much reduced price. Seriously. Sure, the plebs might be starving on the streets for a few years... but the share price for that company they wanted a controlling stake in is half what it was five years ago! And power plants are so cheap right now! Lightly-used 747s that the formerly-rich bought as private planes are at bargain prices. Little stuff like Rolls Royces and Maseratis that the slightly-well-off bought as status symbols... fabulous deals. One of those tiny 50' yachts for the kids is a steal. Buyers market as last, let's go shopping! I once fretted about whether the property market was going to crash before I finished the reno and sold the tiny unit I was living in, in front of someone from fairly substantial wealth. Got a long lecture about how I had it all wrong and actually, a down market is the perfect time to sell because when prices are down 10% across the board, sure, your place sells for 10% less... but the place you upgrade to also sells for 10% less. So it costs 10% less to trade up to a better place. Pity that wasn't the reason for selling at all and the money was sorely needed for other things! (The strange things us plebs do, selling an asset and not buying another asset with the money... wtf??!?) So while we look at the prospect of a recession and austerity measures with trepidation, the people with the power to prevent one are mostly looking forward to it. They're not going to be starving on the streets; they'll just have to buy a cheap Oroton handbag and leave the Hermes at home for a while so us plebs aren't too jealous. Besides, we're only poor because we're stupid, lazy and made bad life decisions... like not being born Lang Hancock's only child. So it's our own fault and we should suck it up; recessions make life better for the people who matter. |
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Post by scallywag on Nov 10, 2013 9:32:39 GMT 7
All Hockey and abbot will do is apply an assets test for welfare , the more assets you have the more welfare you will get. For one man to be rich many must be poor.
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Post by Deleted on Nov 10, 2013 12:15:22 GMT 7
All Hockey and abbot will do is apply an assets test for welfare , the more assets you have the more welfare you will get. For one man to be rich many must be poor. yes abbott done that already with his maternity leave plan, where wealthy high income women get $150,000 to take 6 months off work to have a baby while low income women get peanuts. The politicNS BELEIVE in welfare , but only for themselves and the well off and corporate welfare. |
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Post by aussieinusa on Nov 11, 2013 7:47:53 GMT 7
yes abbott done that already with his maternity leave plan, where wealthy high income women get $150,000 to take 6 months off work to have a baby while low income women get peanuts. The politicNS BELEIVE in welfare , but only for themselves and the well off and corporate welfare. I really hope it's not a harbinger of things to come: a whole welfare system where the more you were earning, the more you get when you have to (or choose to!) stop working for a while. No concept of 'need based', where the poorest, most struggling people are most deserving of help. Nope, high income earners are more deserving than anyone struggling to survive on the street; they've got money! What a perverse 'safety net', where the people who need a safety net the least get the strongest net to catch them, and the people with nothing slip through the gaps. (Though I'd do OK under such a system, IF they were willing to look back to when I was working, possibly adjust for inflation and then pay me a higher rate for having been a high income earner, once upon a time.) If you've had ample income recently, it's a lot easier to survive on the pittance the govt hands out (for payments other than maternity leave) for a while. Why? In all likelihood, you've been to a dentist recently; your car repairs and servicing are up to date; you have a recent model, non-gas-guzzling car; you have insurance for anything and everything (and you probably paid for a whole year in advance since it's cheapest and $500 "isn't that much money"); you've got all the clothing, household items and other material things you could possibly need (and likely some you could sell when times are tough); your pets are up-to-date with their veterinary treatment; and you've hopefully been eating high-quality, nutritious food which helps prevent health issues cropping up. You also likely have some savings, maybe some money tucked away in shares and that kinda thing, which you can cash in to pay your own way for a while when things get tough. The bare minimum basics are almost doable on the pension amount, so long as you can find somewhere cheap to rent. If you own your own home outright and don't have too many maintenance costs for it, you might even be able to keep some aside for emergencies. But paying for anything beyond food, bills, a few prescriptions and basic transport gets challenging. Once you haven't had money for those things for a while... well, I'm not sure what you do. Figuring that out now myself! |
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Post by latindancer on Nov 11, 2013 16:18:29 GMT 7
You sell what few possessions you have left.
Yes, there are many out there doing very well while many others are either on the street, unemployed, underemployed, dreading the postman with the next bill, living off food stamps/food banks/welfare state, dreading the next round of job cuts/austerity measures, have no chance of paying their mortgage when
interest rates rise back to their normal levels, are buggered by student loans and have no chance of even getting a mortgage on a shipping container without the help of the bank of Mum and Dad.
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Post by aussieinusa on Nov 13, 2013 8:02:28 GMT 7
latindancer, I tell myself I'm just selling stuff to 'de-clutter'. I used to de-clutter periodically when I had a job and money... it's still the same when you're poor, right? Right? Right??!?
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Post by Banjo on Nov 13, 2013 9:09:40 GMT 7
I love clutter, my case was 30kg when I left Australia this time (don't knock the big airlines) and most of it was bits and pieces I picked up in my travels in 4 months in that country.
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Post by Denis-NFA on Nov 14, 2013 2:59:42 GMT 7
I love clutter, my case was 30kg when I left Australia this time (don't knock the big airlines) and most of it was bits and pieces I picked up in my travels in 4 months in that country. LOL... I had 2 suitcases, plus 2 cabin luggage items. |
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