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  1. #1
    Senior Member Demografix's Avatar
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    Default Ageing Australia

    If it ain't broke...don't fix it
    Published on Fri, 12/08/2011, 12:35:02
    If it ain't broke...don't fix it - Australian Ageing Agenda: Aged Care and Retirement Industry News and Issues
    By Keryn Curtis

    While, again, there is a generous chorus of support for the Productivity Commission’s recommendations for reform of the aged care system, the final report, released on Monday, has flushed out some vocal dissenters. 
    Among them is Bupa Care Services (BCS), which operates 47 residential aged care facilities in Queensland, NSW, Victoria, SA and the ACT and is part of the global health and care company, Bupa, which operates in 195 countries.
    In a statement released on Tuesday, Bupa Care Services congratulated the Productivity Commissioners for undertaking “an incredibly complex project and putting the consumer at the heart of their recommendations” before urging the Government to adopt only incremental reform to guard against adding financial burdens to consumers or destabilising the industry “at a time when sustained growth is needed.” cont...

    The real test will be in the political will to change the system....
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  2. #2
    Senior Member Demografix's Avatar
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    Default

    Don't squander mining revenue, IMF warns
    Updated Fri Apr 29, 2011 8:58am AEST

    The IMF warns Australia's increasing dependence on mining will make it more vulnerable to commodity price shocks. (ABC News )

    The International Monetary Fund (IMF) has suggested Australia should save revenue from the mining boom to help deal with the future challenges of an ageing population.

    In its latest report, the IMF also warns Australia's increasing dependence on mining will make it more vulnerable to commodity price shocks.

    The IMF report predicts Australia's economic growth will continue to accelerate because of its fast-growing trade relationship with Asia, particularly in commodities. cont...

    Don't squander mining revenue, IMF warns - ABC News (Australian Broadcasting Corporation)


    So does the IMF support the Mining tax?
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  3. #3
    Senior Member Demografix's Avatar
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    Default

    Ageing bigger that carbon tax impact
    AEST Wed Jun 1 2011

    An ageing population will have more impact on the unemployment rate than the introduction of a price on carbon, a Senate hearing has been told.

    Senior Treasury official David Gruen made the comment as he was explaining to a budget estimates hearing on Wednesday why when modelling for putting a price on carbon, it assumes that the trend in employment growth remains unchanged.

    The structural changes that have occurred in Australia during the past 50 years have been enormous but have not led to a cyclical rise in the unemployment rate, he said.

    "Ageing has a much more substantial impact, very much more substantial impact on the growth rate of living standards in the future than a carbon price, it's a lot bigger.

    cont....

    Ageing bigger that carbon tax impact
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

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  5. #5
    Senior Member Demografix's Avatar
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    Default

    Mmmmm..looks like according to the UN our Old Age Dependency climbs from here on in...

    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  6. #6
    Senior Member Demografix's Avatar
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    Default

    Quote Originally Posted by davinci7 View Post
    Ok so what is the real problem? It's not the decline in population growth that is the problem, but rather how we will support the aging demographics. The two issues are not necessarily dependant.
    I agree. Population growth decline is not such a problem to me and the fiscal challenges faced by an ageing nation are not really solved by immigration.
    I really see our lone occupants going from 23% to 33% as a problem. So sad....


    We need to take the detox. Reduce immigration, reduce the size of government, plan for a sustainable economy (flat or negative). It is not the western nations or the developed nations that have the massive population growth. 1/3 of the growth over the next 90 years will be due to increased longevity, not more babies.

    We need a Family Assist Part C, when a family can take in a pensioner, get their approx $10k rent tax free and get a $5k benefit form the govt.

    For the principal place of residence of a pensioner, any value over $750k needs to be asset tested and reverse mortgages offered exclusively from the govt with a 25% equity guarantee. Death taxes need to be reintroduced, capital gains on the principal place of residence, owned under 10 years, needs to be 33%. Anti-speculations laws and yes this will all hurt, however the alternative is far worse. Negative gearing will go as the boomers retire and no longer need it. HECS needs to be abolished and cancelled for those who emigrated and have been away for longer than 5 years. 100,000 Aussies left last financial year permanently.

    GST needs to go to 20% and the tax free threshold for PAYG needs to go to 35K. Increase pensions and welfare accordingly. Massive taxes on caravans and 4wds to stop the wastage of capital that the boomers will need to survive their entire lifespan. Many have not planned to live as long as they will and terms like SKIN need to be crushed out.

    The aged need to go from success to significance and the youth from exclusion to inclusion.

    Innovation needs govt support and risk must be fostered.

    On consumption, private cars need to be shared and the community spirit dug up out of its grave. Kill of the set top box stupid deal for pensioners and give them cash for electricity and rates and food. Personal consumption of health services also needs a cap for individuals and health services flipped back to in home care and prevention. No more hospitals, just more doctors and nurses and the ability to get to the people. Many old people blame the younger generations for their consumption, yet you stole their great australiajn dream of owning a home. The kids went out and got the biggest mortgages they could to make the biggest gain because of the bs they were fed. Houses always go up is false. We need to stop counting international students in our population growth numbers as from 2006, if they were if they have been here longer than 12 months. 66% of our NOM is temporary visa holders! Stop calling people with mortgages, home owners as real outright home ownerships rates have fallen over the last 2 decades. Ok, I am on a rant....lol
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  7. #7
    Senior Member Demografix's Avatar
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    Default

    Significant advances on the road to easy access for all
    ACCESS ALL AREAS: Merry Kirkwood From: The Australian July 30, 2011 12:00am

    Significant advances on the road to easy access for all | The Australian

    THE challenges confronting disabled and elderly travellers are a concern for nations with rapidly ageing populations.

    Almost four million Australians have a disability, according to the Australian Human Rights Commission, which predicts that by 2050, half the people older than 55 will have difficulty with mobility, hearing or vision. Some sectors of the tourism industry are already seeking to cater for such holiday-makers under an umbrella of research, information and services called Accessible Travel.

    Destination NSW, for example, focuses on the needs of the "easy access" group, which covers seniors (who may prefer ramps to stairs), those with a physical or sensory disability (including the wheelchair-bound, blind and deaf), and families using prams. cont...
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  8. #8
    Senior Member Demografix's Avatar
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    Default

    The youth are going to get screwed politically....


    Evergreen controversy stirred by report on the aged
    August 7, 2011
    OPINION
    Evergreen controversy stirred by report on the aged

    WHEN it releases a major report on aged care tomorrow, the government will unleash a debate that, if not handled carefully, could turn into a fresh nightmare for Julia Gillard.

    The PM wants to make dealing with the practicalities of an ageing population another front for ''decision and delivery''. But seniors' policy, broadly defined, is fraught.

    Bob Hawke had a dreadful time over putting an assets test on pensions - it dominated the 1984 election. Early in his government, John Howard was embroiled in a damaging row over aged-care accommodation bonds. Both these governments were in strong shape when these controversies arose. The Gillard government is in anything but.
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  9. #9
    Senior Member Demografix's Avatar
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    Default

    Political cowardice makes all of us pay
    Political cowardice makes all of us pay

    Previous attempts to get the elderly to unlock the wealth in the family home to help pay for aged care have ended in spectacular failure - thanks partly to fear campaigns stoked by federal Labor in opposition.

    Now Julia Gillard faces the same political dilemma that spooked John Howard - a study, this time from the Productivity Commission, reaches the same conclusion as a mountain of others: people should contribute more to the costs of their own aged care, whether in nursing homes or in the community.

    The Productivity Commission's final report is to be released on Monday. It is not expected to differ radically from its published draft. That report made a compelling case for people with the means to bear more costs of aged care, not necessarily through selling the family home but from converting housing wealth into an income stream through a government-backed reverse mortgage-type scheme. They could choose to pay towards residential care with a bond or a daily charge. cont....

    cont...
    The family home is sacrosanct in this context for two reasons: baby boomer greed, and the idea that entering a nursing home is the equivalent of a stay in a public hospital. It is not. People normally don't leave nursing homes to return home. It is the equivalent of having two homes, one paid for by the taxpayer. cont...


    Finally a RM scheme!
    demografix - 'mining the minds'
    demografixfromoz.blogspot.com.au

  10. #10
    Senior Member Demografix's Avatar
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    demografix - 'mining the minds'
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