2022 Australian Federal Election on this coming weekend - please make your vote count!
Think very carefully if you wish to support the Liberal National Party (Australian Republican party basically) or Clive Palmer or Pauline Hanson (both support the LNP through preferences, etc.) or any of the 'teal independents' (mostly disaffected LNP people) this federal election...
Under the LNP's 'super for housing' scheme a person can pull $50k out of super (equiv of 401k type schemes in the USA) to buy a house. But where does the rest of the money come from? Bank of mum and dad? (not likely anymore - inheritances aren't common) so high risk (relatively low interest) bank finance? (most likely) Young people can also access all sorts of Aus federal and state govt grant schemes for first home buyers, and can borrow nearly all the principal because interest rates are stupidly low.
I could buy a modest property right now outright with no mortgage if I could use all my super, but would I want to do that and then have close to zero funds left to retire with in 20 yrs time (around when I'm 70 since I can't stop working sooner)? No.
Yet everyone who took $20k out of super during lockdowns (primarily young adults) will clamour to take another $50k out to 'get into the property market'.
The LNP achieves a few goals here - forces property prices up, people have to work longer past when they could nominally retire and makes people have a lot less to live on when they retire (thus incentivising people to keep working longer) - so people will be left with no viable option but to work until they die plus leave nothing for future generations.
These are pillars the Australian Liberal aka Republican party has wanted for ages, and ties into the WEF Agenda 2030 targets of which our federal government is a signatory (think 'great reset', etc.) via membership of the WEF.
Under the LNP's 'super for housing' scheme a person can pull $50k out of super (equiv of 401k type schemes in the USA) to buy a house. But where does the rest of the money come from? Bank of mum and dad? (not likely anymore - inheritances aren't common) so high risk (relatively low interest) bank finance? (most likely) Young people can also access all sorts of Aus federal and state govt grant schemes for first home buyers, and can borrow nearly all the principal because interest rates are stupidly low.
I could buy a modest property right now outright with no mortgage if I could use all my super, but would I want to do that and then have close to zero funds left to retire with in 20 yrs time (around when I'm 70 since I can't stop working sooner)? No.
Yet everyone who took $20k out of super during lockdowns (primarily young adults) will clamour to take another $50k out to 'get into the property market'.
The LNP achieves a few goals here - forces property prices up, people have to work longer past when they could nominally retire and makes people have a lot less to live on when they retire (thus incentivising people to keep working longer) - so people will be left with no viable option but to work until they die plus leave nothing for future generations.
These are pillars the Australian Liberal aka Republican party has wanted for ages, and ties into the WEF Agenda 2030 targets of which our federal government is a signatory (think 'great reset', etc.) via membership of the WEF.
