Australia was considered to be a lucky country which was offering big opportunities to the ones who are willing and prepared to work hard.
Many of us did just that. We took those opportunities as they became available we worked double shifts and overtime, we paid our taxes and saved our money to provide for our young families needs.
The government introduced the Superannuation laws and made it compulsory for businesses and workers to save and invest for the later years.
We set up our own superannuation fund and invested in property and other assets in order to be self sufficient and financially secure in our later years.
The money we invested was from our savings and it was already taxed.
We thought we did every thing right, but at the end we lost, we lost because of the government bad policies and greed, Federal, state and local.
We also invested in a Taxi licence for our retirement income which it was worth $600,000 at that time.
Dan Andrews revoked the license and Allowed Uber A foreign company to enter in to the VIC Taxi industry which it is worth $1 billion for free.
Bad government policies, high taxes (see photo) and high costs, mismanagement and waste of taxpayers funds is now killing the economy and forcing hundreds of businesses to shut their doors.
Myer emporium closed seven of their Suburban stores including one in Brisbane and Frankston.
The major Banks have shut down 700 Branches throughout Australia, and many other shops are on the verge of closing. A visit to Chadstone shopping centre will convince any one that is in doubt.
I read the news report recently about Mr Pitarelli who was a victim of rising costs and Taxes and was forced to close his family restaurant, he cried in front of the TV camera , my eyes had tears too,
The income we collect is Taxed again In the same way as every other working person, in 2013: we paid $7.600 in state land taxes, which is extra and above the Tax of the rental income.
in 2023, this year the land tax bill is $42,283. Plus the Tax on the rental income. There is very little cash left over for us to survive.
We trusted the governments advise to save and invest in superannuation for a better retirement, we have never expected that the government will actually be so greedy and TAX peoples superannuation, and take most of what people have saved for their old age.
The governments Federal and state are targeting and taxing elderly people who can’t work any longer ,and foreign multinationals company’s with billions of income earned here in Australia, are getting away with no tax at all and at the same time our energy bills have more than doubled.
Yes, as Mr Pitarelli said in front of the TV camera we did every thing right, but at the end we lost.
