Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Wednesday, February 19, 2014

Repellent

Our esteemed PM, Cane Toad Tony, earns almost $10,000 a week.  He and his mates in the increasingly misnamed "Liberal" Party have targeted the unemployed (whose numbers will surely grow over the next year) as an area to cut government expenditure.  But a single person on the dole gets just $250 a week -- 2.5% of what he earns.  Not to mention the million dollars of taxpayer funds he spent travelling around the country going to cycling and swimming meets so he could show his lycra-clad package to hoi polloi.

Not content with crushing the already poor by making it harder for them to get benefits as well as reducing those benefits, the so-called "Liberals" also want to demolish the free health system by forcing doctors to charge $6 per visit even if they don't want to.  As if the American health system were an example to emulate!

Meanwhile, the upper middle class tax breaks will continue.  Tax free pensions.  Negative gearing.

Repellent.

[Photo from The Age]


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