[-] zik@aussie.zone 10 points 5 months ago

Or rather they've decided what areas they'll mess around for years while nothing gets done until this farce finally gets canned.

[-] zik@aussie.zone 5 points 7 months ago

I guess I was addressing the "living in poverty" part of the parent comment and the suggestion to downsize in your follow-up. I thought you meant to downsize to get some money to pay the bills. But it seems like you're saying to downsize to get a house which is easier to maintain?

[-] zik@aussie.zone 6 points 7 months ago* (last edited 7 months ago)

I worked in the superannuation industry for a while. I wouldn't say that super is exactly a scam but it's a terrible mess and the fees we pay on super in Australia are insane. Basically we have a lot of parasites taking a cut and that ends up making the standard funds poor investments. Median returns on the super funds are around 5.6% pa (over the last ten years for the standard "balanced" option) at a time when stock market tracking funds have appreciated by over 8% pa. A lot of that is being lost in inefficiencies and fees.

By comparison Americans with a 401k invested in the NASDAQ would have made 17.3% pa over the same period.

We're getting a terrible deal with superannuation, and for many it's the difference between retiring comfortably or retiring in poverty.

[-] zik@aussie.zone 10 points 7 months ago* (last edited 7 months ago)

Aside from anything else, I've seen a couple of examples of downsizing up close and in neither case did it end up with them making very much money on the deal. They just ended up with smaller places.

In the first case they ended up with a small apartment which they actually ended up having to sell some of their retirement investments to be able to afford after selling a large family home in the outer suburbs and paying all the costs associated with selling.

In the other case she moved from a large family home in the outer suburbs into one of those "retirement communities". The whole thing's a massive scam. You "buy" the unit but you don't actually own it, you only own a leasehold on it - something they didn't make clear to her at all. You're not allowed to even improve or renovate it. They impose rules on you much like a rental. And when you move out you're not allowed to sell it - they contractually reserve the right to sell it themselves and pay you a massively discounted amount for it. Essentially they steal half the value of what you originally paid in a time when house prices are going up as well. It's straight up exploitation of people who are old and struggling to even do everyday tasks, let alone understand complex contracts.

[-] zik@aussie.zone 6 points 9 months ago

I expect to hear in a few years that Carlson has been on the payroll of the Russians for years.

[-] zik@aussie.zone 12 points 9 months ago

I never thought to see the day that a former News Limited CEO was installed as head of the ABC by Labor. Surely they'll regret this at the next election when the ABC becomes like another Fox News.

[-] zik@aussie.zone 5 points 11 months ago

Not so "Top Secret" any more, now that it's been in the news...

[-] zik@aussie.zone 6 points 1 year ago* (last edited 1 year ago)

I'm curious about their definition of "lakes" here. Lake Eyre in Australia is an enormous salt pan. Once every few years when it rains in the desert it briefly becomes flooded. Does that make it a lake?

[-] zik@aussie.zone 7 points 1 year ago

Contrary to what the other comments are saying, there's no compelling reason why goods transport by train can't be done here when it can be done elsewhere. It was done in the past but then we started spending billions to subsidise trucks and passed a variety of laws to benefit road transport. Plus allowing the taxpayer to cover the cost of road wear caused by trucks which totals more billions per year.

So in the end it was a pure policy decision - in the 1950s various lobby groups pushed for the introduction of laws to favor road transport over rail transport and in 1957 the first laws were passed. The rest is history.

[-] zik@aussie.zone 10 points 1 year ago

Also there's literally a scene in the Bible where god turns water into wine for his disciples. Why would he do that if it was a bad thing?

[-] zik@aussie.zone 10 points 1 year ago* (last edited 1 year ago)

Sure. But most Americans don't seem to regard Trump as the worst president ever which boggles my mind. This guy was openly trying to overthrow democracy in America and was engaging in organised criminal activities, and you think there were worse presidents? I mean he was literally trying to overthrow your entire constitution and system of government. Can it get worse than that?

[-] zik@aussie.zone 5 points 1 year ago

She really was in a sticky situation.

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zik

joined 1 year ago