Bam wrote on Feb 20
th, 2014 at 9:01am:
So put up the Medicare levy. No brainer.
Yes it is.
Bam wrote on Feb 20
th, 2014 at 9:01am:
End the ridiculous inconsistency where self-funded retirees are kept out of the taxation system while being a part of the cohort that consumes the bulk of the health care budget. That is what is causing the unsustainability
You'll have to expand on ''self-funded retirees are kept out of the taxation system'' ?
My sis is a self funded retiree but she still pays lots of tax.
Bam wrote on Feb 20
th, 2014 at 9:01am:
It is unfair because the largest consumers of the health care budget pay the least towards it even though many of them can easily afford to do so.
You'll need to elaborate there. If you are again referring to self funded retirees I think you will find that they (most) are privately health insured and /or pay for their treatment outright. Yes they can see a doctor for free but they also continue to pay the medicare levy.
The largest consumers of the health care budget by far would be the unfunded retirees. Some see GPs every other day, it goes with the territory. Obviously they couldn't afford multiple co-payments so anyone in this category would be subsidised much in the way prescriptions are now. Over a certain amount of GP visits in a timeframe would be exempt.
Bam wrote on Feb 20
th, 2014 at 9:01am:
These proposals do nothing towards addressing the sustainability of the health care budget but are just another tax grab to extort more silver from the poor by force to pay for the extravagant largesse of the wealthy
You were doing well up to now but the stupid politics of envy had to emerge eventually I guess.
ANY additional revenue to the Govt has to improve sustainability for ANY Govt service.
Whilst we have a flawed democracy the so-called rich will always pay the lion's share of the cost of Govt services. The down trodden pay just about effall and will ride on the backs. That just goes with the territory.
Bam wrote on Feb 20
th, 2014 at 9:01am:
A more sensible approach that goes to the heart of the sustainability issue is ending the taxation moratorium on self-funded retirees. This would raise more revenue than the entire health budget, so use some of this extra revenue to improve funding for aged care
You think that is sensible? I for one would drop any plans for being self funded. I'll spend up now and ride on the tax-payers back when (if) I make it to old age....
![Grin Grin](http://www.ozpolitic.com/yabbfiles/Templates/Forum/default/grin.gif)
Mind you the Tax-payer's back will likely be broken by then with all you lefties jumping on it....
Bam wrote on Feb 20
th, 2014 at 9:01am:
Start with the self-funded retirees. The ones that earn good income from investing their superannuation and paying very little tax on it while at the same time being some of the largest consumers of the health care budget.
* Make superannuation lump sums tax free
* Tax investment income from investing superannuation as normal and end the tax moratorium
* Phase this in over 10 years
This is where you Truebelivers fall down.
You need to recognise a simple fact. If you incentivise something you get more of it and if you penalise something you get less of it.
Tax is a penalty. Start taxing superannuation at the 'normal' rate and there will be less superannuation which will only COST the Govt.
Tax investment and you will get less of it.
Remove the incentives to be a self funded retiree and you will get LESS self funded retirees.
Justabout all your proposals compound unsustainability not improve it.........