The cosseted big-four banks rarely have a bad year – while farmers have suffered many drought years!
The Reserve Bank (RBA) is steadily setting new rates, for fear of inflation as increases in demand outstrip economic capacity, bringing pain to business, farmers and householders on mortgages.
The Western world has demonstrated its preference for consumption rather than savings which accentuates the problem for the RBA – how to keep inflation at bay.
An aging population drives concern over the future cost of pensions together with the likely inadequacy of superannuation funds to provide adequacy of funding for retirement lifestyles.
A recent suggestion demands government attention. Since savings for future retirement and aged care are unlikely to be adequate and there is the need to dampen consumer consumption, it has been suggested that this is just the time to increase the compulsory level of contribution to super funds – from, I think, around nine percent to something like twelve percent.
The Putdown
From time to time we all suffer the pain of unappreciative, uncaring, disrespectful attitudes with which we are treated.
The worst case scenario, where someone is so evilly treated that they give up on life, is so highly regrettable and shocking to us all, as in the case of the death of Brodie Rae Constance Panlock, where workplace safety laws so deplorably failed her.
That we even need workplace safety laws is a terrible indictment on our society, and the fact that they are unable to protect a young life such as hers demonstrates how feeble are ever-expanding laws to achieve acceptable levels of morality in the community.
Depleted morality is reflected where the strong lack compassion and the weak lack the inner reserves of an experience of unconditional love – the only real anchor of the soul. We all need it. We all owe it.
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