A Fruity Way to Promote a Fair Pension
UAP Candidate for Fairfax has an unorthodox campaigning strategy, she’s been giving away her homegrown fruit and veg, delivering key policy messages.
The 47 year old professional musician jumped on the election bandwagon just a month ago determined to win back the seat of Fairfax, that Clive Palmer gave back to the LNP in 2016.
Today she is campaigning at the prepolling station on Aerodrome Maroochydore with pawpaws and passionfruit, promoting the UAP Pensioner Policy of an extra $150 per week, UAPs only firm financial pre election promise, which will bring the Pension up to where it should be.
“The way our Governments have ripped off our people over the years is shameful and speaks volumes about how much they care for the hard working, retired people.
The proof is in the facts...
Without any right, previous Government collected taxes for the pension but they plundered it and spent billions of it over the years.” Historical facts show that this was money earned by the people themselves through hard work. To this day this money is still collected as a tax which originally, specifically, and intentionally was to fund, “the Aged Pension.”
Todays workers and the young who are under the miss-guided belief and/or assumption that they are funding the Aged Pension from their current hard work should know the truth. They are in fact funding their own Pension Fund and to add insult to injury they are forced to pay into a super fund too!
So what really happened?
As a Wartime measure, the Federal Government gained sole control over Australian Income Tax. Labor Prime minister (Ben Chifley) introduced three bills to establish the National Welfare Fund, to be financed by a Compulsory Contribution (levy) of one and sixpence in the Pound (20/-) on all personal income.
Opposition Leader (Robert Menzies) stated that the Compulsory Contribution (levy) should be kept completely separate from other government income streams, that it should be shown separately on the Taxation Assessment and paid straight into a “TRUST” account, and not mixed with the General Revenue. Menzies said “The stigma of charity should be removed from the Age Pension.” and that “It should be an entitlement earned by the person’s personal contribution to the fund.”
In 1946 Prime Minister Chifley agreed and established The National Welfare fund as at 1/1/1946. A “Trust” Fund with the Parliament as “Trustee.” The Compulsory Contributions (levy) commenced as at 1st January 1946. It was shown separately on the personal Tax Assessments for 1946, 1947, 1948, 1949 and 1950 and the compulsory levy was properly paid straight into the Special “Trust” fund and Welfare claims were paid out of the fund. The balance in the fund in 1950 was almost 100 million pounds.
In 1949 Robert Menzies became Prime Minister and he introduced Bills to amend the acts governing the National Welfare Funds. The Compulsory Contributions (levy) was then grouped with the Taxation Assessment and appeared as one amount on the Taxation assessments and was paid as one amount straight into the Consolidated Revenue Account. The sabotage of the National Welfare Fund had commenced. The Opposition Labor Party had collaborated in this sabotage by remaining silent instead of opposing Menzies’ action.
The 1951 - 1985 The compulsory levy of 7.5% now included in the tax continued to be collected and placed in the Consolidated Revenue Account treated as General Revenue and spent, until 1985.
From 1974 – 1975 Labor Prime Minister (Gough Whitlam) abolished income test for all persons 70 years of age and over and paid pensions to all people over that age.
In 1975 Liberal Prime Minister (Malcolm Fraser) cancelled the Whitlam legislation.
In 1977 the Liberal Prime Minister (Malcolm Fraser with Treasurer Philip Lynch) transferred the balance in the Welfare Fund Account (approximately $470,000,000) to Consolidated Revenue Account.
In 1985 the Australian Labor Government repealed acts No. 39, 40 and 41 of 1945 (The National Welfare Fund Acts). Thus the funds finally ceased to exist yet the 7.5% levy continued to be collected as a proportion of the Income Tax revenue. It also introduced the (much maligned) Income and Asset Tests, thereby excluding millions of levy and tax paying Australians from receiving Social Services Pensions. This money these self funded contributions paid as a percentage of the total income tax collections are today worth far more than the amount of means tested pensions paid out.
Actuaries have calculated the non-means tested entitlement due to each retiree, today is in excess of $500 per week. This surely debunks the politician’s claim that the generation are paying a proportion of their current taxes to cover the payments made to pensioners.
It’s a fruity story that needs to be told.
“Both major parties have no intentions of looking after our pensioners rights, so when you vote for me understand I will fight my hardest in Canberra to make this policy a reality”
Kylie Cowling will be on site with her homegrown pawpaws and passionfruit today from 10am-1:00pm.