RATES and superannuation bills are set to be the hot topics at Victorian council elections looming later this month.
There will be hot competition in some areas, including Yarra Ranges and Whittlesea, where there are several candidates for each position.
'via Blog this'
4 comments:
Imagine another another financial meltdown and all the Local Govt Super funds are lost. My question is how much will our ratepayers be up for AGAIN to cover the total loss? Does anyone know?
Dont dismiss this possibility as this scenario is very likely in the current economic climate. In such event locals will ALSO need to chip in extra for the State Govt Super Fund AGAIN and how much extra tax will have to be raised to replace those funds.
Both Super Funds have lost substantial $billions on several occassions and ratepayers and taxpayers have had to chip in to replace those losses... its just that people forget history. I don't forget because i was involved in institutional investment in the money markets when under the Whitlam Govt interest rates rose to banks paying up to 26%pa for 4 years and as a consequence reduced the face value of bonds and other assets substantially..
The Govt Super funds were set up by acturial 'experts' giving assurances that using 'professional' investment managers the super funds would earn enough to be self funding...however the reality has been the opposite on several occassions.
This is why I am totally against the concept of superannuation being worth anything of true value for this country except for those feeding off it.
Even the Industry Super Funds are attempting to gain an advantage by meddling in the partial involvement of the Australian economic management which is the role of the Reserve Bank and the Federal Government. IMO this philosophy will fail to do justice for their members security over the life of the funds no matter how clever they think they are or how good their advertising implies the reverse.
But as far as Local, State and Federal Superfunds are concerned .... most ratepayers and taxpayers would be staggered as to the contingent liabiility overhanging ALL taxpayers which are not quantified because the liability numbers have been transfered to be only relevent to the Super Fund bodies, yet are very relevent as we taxpayers are ultimately responsible. So I ask the question AGAIN?
HOW MUCH would our ratepayers need to raise AGAIN, if ALL the Super Funds were lost by the next economic meltdown, which would also substantially reduce the ability of most ratepayers to find the money to pay.
So if the Landowners and new Candidates can understand that set of numbers, then they might realise how super protected and expensive each extra hour of each government employed person is as a local government employee and why how important it is to economise and reduce staffing levels and or convert as many full time employees to contract staff.
I challenge anyone to prove me wrong?
SWINBURNE HAS MADE A HUGE ERROR OF JUDGEMENT in my opinion by reducing the expenditure in the services sector at LILYDALE where the electronic media cannot work to train people with hands-on skills.
They are only thinking inside their own survival mode and not the reality that less buildings will be needed in Hawthorn in the future when the theory and mathematics subjects will be able to be taught via webnars in online learning classes which is already happening now and even Melbourne Uni has embraced that medium joining many overseas organisations.
If Swinburne management were really planning for the future...they have got it totally wrong. The State Government has seen the future and cut funding accordingly, but Swinburne have chosen to keep the empire growing in Hawthorn when in reality less resources will be needed at that location and only time will prove the government and me right.
GOLF COURSES are a great way of keeping more land green I would have thought, so I cant understand why some people are objecting to another Golf Course development on Victoria Road. I dont understand why we have so many interested in golf, but thats a choice between a willing seller of the land and a willing buyer in the property market place. A great opportunity to drive more local tourism to our area should have been supported by our Councillors? I cant understand the basis of the objections.
Golf Courses seem to be around for years and are never overpopulated with people unless the proposal is to build a multi apartment complex? Anyone know why the objections?
Federal Politics was hotting up yesterday.
Every time the Labor Party gets into trouble they appoint women to clean up the mess. Who remembers Dr Carmen Lawrence Premier WA 1990, or Joan Kirner Vic Premier 1992, and more recently in Qld Anna Bligh Premier 2011.
All these women inherited a mess from the their male Labor Premiers and then lost the state elections and were never given a chance to lead the party in good times. That is sexism in my book.
Now Labour has a front bench of many women who are trying to bamboozle the voting public into believing that somehow Tony Abbott is a women hater. The consistency of their story indicates that they are conspiring to destroy Tony Abbotts character and to hopefully increase their chances of regaining their lost support base and win another term. Its is a Labor Party tactic used before on many a time i suggest, to use the women to destroy his support using gender warfare. The acting going on is amazing to say the least and i dont believe for one moment that Prime Minister Julia Gillard was not acting when she bought in her father into the parliamentary debate yesterday to call Mr Abbott a woman hater. In my opinion it was a misuse of the parliament for her to continue her attack on him in such a vile attempt against his character. Successful barristers can be the best actors when trying to sway a jury.
What Alan Jones said in private was both uncalled for and silly, because any father would be very proud to have a daughter become Prime Minister...it goes without saying and more especially from a union coal mining family. What the journalist did to make news of it was much worse by inciting and aiding and abetting these attacks using social media which is taking over the mainstream newspaper media and in so doing this journalist has inadvertedly helped in destroying his own newspapers' relevence in the market place. I doubt that any of the advertisers affected by the Alan Jones war will so easily forget the newspaper group who interfered with their advertising messages.
The poor policies of the Labor Party cannot be shouldered by the Prime Minister alone who is really not leading the government by a majority of Labor Members but a coalition of independents and the Greens who dictated that the price of government for the Labor Party would be ... the introduction of a Carbon Tax. Julia Gillard said "there would be no carbon tax under a government I lead"...was not untrue because she does not really lead a govt of Labor Members, but a govt inluding the Independents and the Greens who I would suggest are really ruling the roost. It a matter of interpretation as to whether a political lie was told to avoid losing votes, but its not an unusual event in Australian politics.
Having said the above, i do feel that opposition party members need to be utilised better in parliament for the money they earn rather than saying their policy is better than the govt. I dont believe their job description is to oppose everything unless its for spending or borrowing too much. But surely these Liberal Party members could be set to work doing something more useful to earn their keep instead of virtually being on expensive unemployment benefits and the same applies to the State Labor Party members who must think they are on a long holiday season till just before the next election.
Any opinions for debate readers?
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