if the government chopped (old age) pensions the country’d go into a sharp decline i’d expect.
the money gets spent., it goes around.
unemployment benefits are quite a lot less than old age pensions (of total annual government input into welfare), I mean I saw a graph the other day (here) with figures below and it was just that, much less by comparison.
so what’s the go with the crap people are fed regards money spent on such things.
they (media etc) give us dollar figures as if it (the money) was leaving the country. Much of it does I suppose after being spent on imports, and other things.
lot of credit out there, private debt, you can be on centrelink and enjoy a credit card. The credit extended you probably in-part is courtesy larger borrowings from overseas, or banks etc with international interests.
my opinion is a good democracy is in-substantive-part essentially socialist. It involves (what is done with) collective wealth, and much more. Capitalism is something else.
so what are others opinions of pensions etc. Is it generally agreed welfare is good.
isn’t everyone greatly dependent on government providing a range of things.