Sir Spot of Borg wrote on Apr 4
th, 2022 at 11:53am:
aquascoot wrote on Apr 4
th, 2022 at 9:17am:
What I expect to happen is that the family home will have to be surrendered to the government
Upon entry to a nursing home
This is already what normally happens - thanks to howard
Spot
at the moment that money is held as a bond and returned to the estate when the person passes on.
thats probably not sustainable.
in the future, that bond will probably need to be surrendered to the system.
nursing home care is incredibly expensive.
way more then what the pension is worth.
with a quadrupling of the over 80's
most children not willing to take on an elderly parent
modern medicine keeping everyone alive despite multiple co-morbidities
the only way the system can even hope to cope is a MASSIVE co- contribution.
there are not enough taxpayers left to pay for all the cradle to grave entitlements people expect.
child care, free education, welfare, NDIS, the pension etc etc
the books are nowhere near balanced and the only real asset the government can plunder is super and real estate.
these are overwhelmingly held by the older generations and they will be demolished to pay for the entitlements people have come to feel they are entiteld to.
where else will the cash come from?
white knight thinks it grows on trees.
and its certainly not coming out of scomos or albos back pocket