Most would consider the answer obvious. But successive Australian governments have arrived at a counterintuitive conclusion when it comes to residential aged care.Michele Mossop
By 2037, one in five Australians will be over 65, up from one in seven in 2017. The ageing population means we will need 300,000 aged care places by 2030, up from 220,000 today. To meet that demand, we will need to provide 80,000 new places and replace 61,000 existing ones, requiring a capital investment of $48 billion by 2030, or 2.4 times the $20 billion invested in the previous decade.
It would seem a relatively easy fix to lift that cap and start unlocking billions with relatively little fuss or pain. So, why is it not even being countenanced?The answer, of course, is the emotional reaction most Australians have about the right of people to keep their “home”.rightly occupies a special place in the Australian psyche, and doing anything to tweak the rules – especially for older Australians – feels politically intimidating.
Increasing the tax on the royalties paid to the government from the mining industry is another way to fund things, they do not own the minerals the Australian people do. Stop giving away gas and coal ect to overseas countries.
Or they can stop squandering billions on completely useless junk like submarines that will end up costing hundreds of billions and achieve absolutely nothing. Also never ending growth leads to never ending problems, but you never see that.
Or the extreme ProfitMotive Profiteering incentive for the companies involved in the agedcare sector
And the profits to the corporations who own/manage age care facilities would grow at the expense of the family members who might inherit enough to buy a house as a place to raise a family. Changing the word investment to home changes the whole concept expressed in the article.
Mmm, the parasites
It is often cheaper to hold on to the family home and rent it out and use the money to pay care fees. But care homes don't want you doing that as it stops them from making money.
Preemptive Death Tax.
Days the owners of Aged Care facilities, bit of a conflict of interest.
Therefore, the children of the aged can take care of their parents at home and see an inheritance, or the parents can go to aged care for a lower level of care (often even abuse) and the inheritance is bled dry.
We couldn't possibly make the oligarchs and corporations pay a better share of taxes since they've had the taxes cut for the last odd 50 years. The greed is out of control, and eventually it will bite your precious capitalism in the ass.
So he thinks the answer is to punished the people who worked hard no saved for a home ! Reward the people who frittered away their money throughout their working lives ?