Amplify’d from www.theaustralian.com.au
Wealth redistribution
From:
The Australian
IAN Harper believes all debt-free older Australians should sacrifice their (debt-free) home to pay the cost of their aged care.
("Unlock the savings in people's homes to fund their old age", Commentary, 25/1).
How is that equitable when those who do not own a home are not required to make any similar contribution?
This is a further example of wealth redistribution -- a totally socialist approach. It's disappointing that such a policy suggestion should emerge from an organisation such as Access Economics.
If this were to be implemented, my own solution would be to sell my house, retain a life tenancy, spend the money and have the public treasure pay my aged care.
Gary Linnegar, Ashmore, Qld
- Unlock home savings to fund old age The Australian, 2 days ago
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