Aged Pensioners Homes to be Means Tested – John Gibson Qld Senate Candidate
“Take this to the Bank” Two of the most powerful advisers to the Federal Government have both strongly recommended that to reign in expenditure the value of Aged Pensioners owner occupied houses should be means tested.
Both the Grattan Institute and the powerful Chamber of Commerce have accused the Government of not acting to reduce the expenditure and the deficit of the budget by means testing aged pensioners housing assets.
Regardless of which party gets elected in 2016 you can take to the bank that pensioners homes will be means tested.
Aged pensioners, always a soft target when governments are desperate have no clout to fight back.
Well they are in for a surprise says 68 year old aged pensioner Qld Senate Candidate John Gibson. Gibson said “this would be an act of total bastardry from career politicians and pumped up self righteous mongrels in self interest business groups trying to feather their own nests.” he went on to say that “if he was elected to the senate he would work to ensure that self interest groups would be reduced to running cake stalls to raise funds.”
Totally outlandish is the Chamber of Commerce statement that means testing is a priority for them to ensure that the savings from pension payouts could be contributed to the reductions in company tax.
The Grattan Institute’s chief executive, John Daley went on to say
“Consequently, the commonwealth’s highest priorities should be to target superannuation tax breaks to the purposes of super, to restrict negative gearing, and reduce the capital gains tax discount,” he said.
The report also outlined ways to reduce costs, in transport, education and health, saying reforms to the Pharmaceutical Benefits Scheme could reduce waste by $320m a year.
It said other large potential cost reductions were to increase the age of access to the age pension and superannuation, and to target the age pension better, particularly by including more of the value of owner-occupied housing in the means test.