President Donald Trump, my views

WELCOME TO OUR BLOG, Menfranco general blog. In addition to our own posts about, my life story, and some DIY posts, we are going to publish some world wide public issues that we are writing, about what is happening in the world today and other stuff.
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Welcome to our blog, Menfranco general blog
and this post, President Donald Trump, my views
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President Donald Trump, my views

The new President of America Donald Trump, has taken office at the White House. He seems to me that he wants to run America like a corporate company, He behaves like a dictator by signing many documents that give him temporary power to do whatever he wants to do. But whether he has all that power is still to be seen. One thing is for certain, people are protesting about it. But Donald Trump will not listen to what they are complaining about.

President Donald Trump, my views

Dear readers, this post in a way is the continuation of our last post, President Trump and the protesters, it is going to be a longer post than usual, as we have a few things to say. Anyhow these are the views of a normal simple man, that wants to look at what is happening in the world today, and then, talk about what he sees and what it might mean, one of the ways to do that is to follow important people. So, today we are going to write about the new American President Donald Trump.

Donald Trump has been very busy the first ten days in his office as president. He comes on the news just about every time you turn on the TV signing something important. Looks like that he wants to run the USA his own way, which is completely different from Barak Obama administration that did not seem to do much. One of the most controversial document that he has signed, was banning entry to USA to people from several countries, this sudden banning caught many people off guard, even some people that thought they were okay because they had been in America before, and perhaps even people that have their residence in America, and call themselves Americans now, whether they had an American passport or not were stopped at the airports, most times just before they were leaving, so, this has inconvenienced many people, it created chaos and worries for these travelling people, since they did not see it coming, so suddenly.

My views here are this observation, does the American President have all this power that can stop anything just by signing a document? This to me seems strange, because only a dictator can do that, but Donald trump in not a dictator, because he has been elected by the people, so, there could be rules in the constitution that might limits is power?

Anyhow, when we look at all the American news put together, from Australia the land down under, it would be hard to say if what is happening in America are good news or bad news. Because it is hard to see, if what is being done from President Trump, it is going to affect the safety and the economy and everything else in a positive or negative way. We know that Donald Trump believes that what he is doing is going to make America great again, but that is what he believes and there is a good chance that he will succeed. But in my views, it is questionable, if this is the right wat to start with.

In Australia, like in any other part of the world people are not sure about what could happen next, you see, every time you change something drastically, it will affect other surrounding things, this is a what would happen next, to what degree and to what effect anything will change, we just should wait and see. If it turns out to be good, then Donald Trump is great, if it turns out no good, then the American people have made the wrong choice, by giving America to be led by President Donald Trump. 

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America of Donald Trump

Today a lot of people in the world are worried about what is happening in America, because America for a long time has been leading the western world, so, they are worried because, now under Donald Trump leadership America is changing direction, so, there are many people worried and protesting, in America and in the rest of the western world as well, but they seem to get nowhere, since Trump does not take any notice of them, he just wants to run America as if it is a large business company. One of the main concerns that we see from here, is that he removes anybody from the executive that does not agree with him. These people he removes may be those people that have a very good idea, about what could happen in a negative way, if they do certain things the way Trumps wants them done, so they speak out and in turn Trumps removes them from office.

Now, whether Trumps is making a grave mistake by removing these people, we don’t know, because we need to wait and see the outcome of these actions. Anyhow, Trumps continues to signs document to change anything that he believes needs to be changed, believing that he is doing the right things, that need to be done, after all, he has been voted in by the people of America to be their President. So, the people that have voted him in, have already accepted most of his policies that he is now signing and making them laws.

But that is not all, because presently while I am writing this article, President Trump and the prime minister of Australia Malcolm Turnbull have had a conversation on the phone, about some refugees that America agreed to take under the Obama administration, so, while Trump says that he will honour that agreement, he then goes on tweeter and tweets that that was a dumb agreement, that Obama agreed to carry out. So, one may wonder what is going to happen next. I believe that this issue is going to last a while, because it is not going to be easy to solve.  

Personally speaking, I like Donald Trump policies, because they are aimed at stopping this wave of unwanted emigrant that pop up anywhere in the world. Mainly he wants to stop the Mexicans to cross the border into USA and he wants to stop those people from the Middle East to come to America, and then, they would turn into terrorists and kill people and blow things up, so he may have a good point there. But the way that he does those things make us all worried, because we have never seen it done this way.

Perhaps to understand why Donald Trump wants to do that. We should look at what is happening in the world today, because also the world is doing strange things that a few decades ago, were thought to be wrong. The world today is going global, this globalization is very likely making the world less safe, because there are too many terrorists that are taking advantage of it. Well this is one of the issues that I believe have made President Trump do what he is doing. Now, let us look and discuss what else has changed lately that Donald Trump could not accept, because we would like to understand whether Donald Trump may have got his policies right, or not.

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What Trump may believe

In my opinion President Donald Trump believes in running America the old ways, he sees that these new ways of letting people move freely from one country to another, creates lots of problems for everybody and specially America, so, he wants to stop it, if he can. Or perhaps keep it controlled like it was done a few decades ago, so, he is taking drastic measures by banning some people to enter the USA, and he wants to build a wall at the boundary with Mexico that would prevent more Mexicans come to America illegally. 

Now, let us try to understand why all these things are happening today, and how it all started to unfold and the reasons that has created this large emigration problem, since in the past it was easy to control, and people accepted this control. But, today this illegal emigration is a worldwide problem, because in Europe it is a lot worse than America. It also seems to me that this illegal emigration may have started in Europe, when they created the common market and people could move from one country to another, if they were member of the common market. Now, that has worked well for a while, since there were only a few countries involved and no outsiders would be allowed in.

But then, things started to change and more countries became members of the European Market, some of these countries that became members had a lower wage and standard of living, so, their people being now free to move within the common market they did, and because the change was gradual, the common marked could absorb them soon enough without creating problems. This was the way of how all this free movement of people was accepted at that time. After a while this movement of people became out of control, since today there are a lot of people that come from far away countries that don’t belong to Europe and they should not be there. The world today is becoming an idealistic world, and people are free to go from one country to another. But that does not seem to be right, at least for the time being because this creates a lot of problems for the people themselves.

So, I believe that President Donald Trump does not like to see America become a targeted country like Europe, where everybody wants to emigrate, just because they see an advantage for themselves, and they don’t care about the native people of that country they go to. We will talk about this in another article soon. But let me say this, President Donald Trump may be right to stop uncontrolled migration, because of the many problems they bring to the country they go to.

I believe that I have said enough in this article. See you in our next article, which could be about, Europe or Italy migration and other problems. You see, this illegal emigration problem is worldwide, so they have a link between them.  

See you soon.

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Menfranco general blog
President Donald Trump, my views
IS TO BE CONTINUED
Next time with, some worldwide problems  

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Some personal and religious links: 

http://menfranco-re.blogspot.com/

http://ifyoubelieveingod.blogspot.com/ 

http://rentalsbrisbane.net

http://manneedsgod.co.uk

http://frankmenchise.com

http://diybrickwork.com

President Trump and the protesters

WELCOME TO OUR BLOG, Menfranco general blog. In addition to our own posts about, my life story, and some DIY posts, we are going to publish some world wide public issues that we are writing, about what is happening in the world today and other stuff.
-
Welcome to our blog, Menfranco general blog
and this post, President Trump and the protesters
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President Trump and the protesters
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This new President Donald Trump, seems to me that he wants to run America like a corporate company, He behaves like a dictator by signing many documents that give him temporary power to do whatever he wants to do. But whether he has all that power is still to be seen. One thing is for certain, people are protesting about it.

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There are a lot of people that don't like President Trump, so, they protest about it as often as they can, hoping to achieve something from their protest. But is it going to work, one may ask. I say that, very likely it is not going to work, so, they are wasting their time. President Trump is a hard man to convince in anyways.

What about the protesters

Dear readers, this post is the continuation of our last post, let us follow president Trump, where we said that we are going to write about the protesters that don't want Trump for president. Because there have been so many people protesting everywhere, because they don’t want Donald Trump for president, so, we believe it is worth talking about it, just to state our point of views.

Now, who are most of the protesters? Here we can only guess that the protesters are mostly poor people that usually don’t have a job, so, they would protest just about anything, as if it is their job to protest. They protest because, they would like to have a government that looks after them first. Therefore, they fear any sort of government that has no real policies to help them, so, they start to protest as often as they can, to make sure that everybody knows about what they need, and hoping that they do something about it.

We could say that they are protesting, because Donald Trump policies are in favour of the working people and the rich people, since he wants to get the economy working again, but the protester don’t see it this way, they only see that he is not wanting to look after them, and theretofore they protest.

I believe that it is too early to say anything about what Trumps wants to do, and above all how whatever he does is going to affect everybody else. Talking about the protesters, they only see the negative part of it, because they are not the centre of attention. But if we look at the greater picture, it may turn out okay for everybody. You see, if Trump’s policy brings lots of work and wealth to America, then because there is a lot more to go around, even the poor people would be better off. What I have just written may or may not happen the way I have said. Since what I wanted really to say is this; President Trump vision of a rich and powerful America is worth to try.

So, in my personal view today, the protesters are making a mistake to protest about Trump policies, because after all it might turn out to be all right for everybody. What I have said above, is how everything was a few days ago when I started writing this article. Today it seems worse. Because Donald Trump has signed a document that banns some people from entering America, So, there are again a lot of protesters in the street of America and even other countries. I wonder how all this is going to end.

President Donald Trump thinks that he can run the USA as he likes, just because he has been elected President, but I wonder if that is the right thing to do, my views are that he may encounter some problems there. But we need to wait and see what happens next.

Today I am running out of time, but I believe that there might be a lot more that we could say, about the way Donald Trump is running America, which we will continue to talk about in our next post called, President Donald Trump, my views. 

See you soon.

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Menfranco general blog
President Trump and the protesters
IS TO BE CONTINUED
Next time with, President Donald Trump, my views

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Some personal and religious links: 

http://menfranco-re.blogspot.com/

http://ifyoubelieveingod.blogspot.com/ 

http://rentalsbrisbane.net

http://manneedsgod.co.uk

http://frankmenchise.com

http://diybrickwork.com

Let us follow President Trump

WELCOME TO OUR BLOG, Menfranco general blog. In addition to our own posts about, my life story, and some DIY posts, we are going to publish some world wide public issues that we are writing, about what is happening in the world today and other stuff.
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Welcome to our blog, Menfranco general blog
and this post, Follow president Trump
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Following President Trump

The new president of America Donald Trump, has a vision to make America great again. This may sound strange and useless to some people, in fact some people might even think that it could be disastrous, perhaps just because they are not the beneficiaries. Our personal views here are this: if he succeeds to make America great again, then a lot of benefits would follow in America and perhaps in some other parts of the world as well.

Let us follow President Donald Trump

Dear readers, some time ago we published an article about the outgoing President of the United States Barack Obama. Where we were pointing out in this hub Obama problems, what we thought he has missed out fixing properly and other things while he was in office.

Today we would like to follow and see what the new President Donald Trump does after being sworn in as the 45^th President of the United States of America. Anyhow, I know that most of you might say that this is not really your business, because I am not an American and I live in Australia, but so what, even if I live in Australia, what President Donald Trump does would interest me, because it could affect a few things even in Australia. As we all know whatever America does affects the rest of the world, this could be in a positive way as well as in a negative way, so, everybody could be interested in what President Trump does. After all, in the world there are a few people that are very powerful, they are like Gods, except they don’t have super spiritual powers, because they are just people, so it is worth following them.  

In my own personal views, if anyone is interested in following how the world could end up in the future, there are two people that you should constantly follow. One should follow the President of the United State, because it is leading the most powerful nation on earth, and number two, you should follow the pope as he is the most powerful religious person in the wold, even though he is head of the smallest state on earth. Anyhow, this is my view, which would be the views of most people living in the western world, of course one should also follow the authorities of the land you are living in and other things.           

So, let us follow what President Trump will do in the next few days for a start.

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In the US happening now

There are a lot of people in the US that like President Trump and a lot of people that don’t like him, so, the United State of America are split in half, because of this split, it is going to be interesting to see what is going to happen during Trump presidency. Right from the first day in office as President, some people are protesting in many US cities and in the world, because they don’t like the policies of President Trump, so, they are doing anything hoping that they could stop Trump carrying out his policies. But President Trump does not take notice of what they are doing, so he carries on and does what he believes he should do. Now, he has already signed many documents to start changing those things that he believes they need to be changed, he wants to run America in a different direction, and put America first, which he has made it clear to the voters from the start, so, he is going to go ahead and do just that, after all he has been voted in on those policies. But let us look at the different policies, that we can see from what we have learned about President Trump and the outgoing president Obama.

President Trump policies are more nationalistic than the former President Barak Obama, who seemed to like globalization policies, which today are a world trend presently, but Donald Trump does not like that , because that would make America weak, as they prefer to help the poor individuals that most time don’t even work, instead of the working class that by working and producing goods they would make America stronger  so, since he has won the presidential elections he is going to run it his own way. He might be able to do that by forcing the rich people to invest in America, instead of going outside America to find cheap labour, which would be a very good thing for the American people, since they would have more work and more money to go around.

If it works out that way and there is more money around, then President Donald Trump has the right policies and he is the right man for the job. Because when there is enough money around, even the poor that seem left out of Trump’s policies will get the benefit. 
Well, this is not as easy as it sounds, because there are still many people protesting his winning the Presidential elections, so there are a lot more problems to solve, which we will be talking in our next post, talking about the protesters. 
See you soon.   
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Menfranco general blog
Let us follow President Trump
IS TO BE CONTINUED
Next time with, Talking about the protesters

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Some personal and religious links: 

http://menfranco-re.blogspot.com/

http://ifyoubelieveingod.blogspot.com/ 

http://rentalsbrisbane.net

http://manneedsgod.co.uk

http://frankmenchise.com

http://diybrickwork.com

Australian pension and assets

WELCOME TO OUR BLOG, Menfranco general blog. In addition to our own posts about, my life story, and some DIY posts, we are going to publish some world wide public issues that we are writing, about what is happening in the world today and other stuff.
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Welcome to our blog, Menfranco general blog
and this post, Australian pension and assets
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Australian pension and assets
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As usually happens all the time, it all come down to the money we earn from our jobs, or in this case the pension we receive from the government. Because of these new changes that come in the first of January, some pensioners could be affected adversely. So, they may have to ask themselves and around, what could be done to minimize the loss of money they might incur.

Assets and pension cuts   

Dear readers, as we have said in our last post, Australian pensioners alarmed, here we are continuing to talk about the Australian pensions and the assets one has, which may result in some pension cuts from the first of January for some pensioners. Depending on what sort of pensioner you are, these changes affects you in some different ways. So, there are some pensioners that their pension does not change at all, some pensioners that will be losing part of their pension, and some will lose it altogether. So, if the pensioners are upset about this change, they are right to be upset.

Anyhow, now let us discuss that example that we have started in our last article, about Mr.  and Mrs Day, who own two houses, they live in one house and rent the other one. Then, we will talk about other cases, if we can and what some pensioner think about doing, because for every action there is a reaction, so, also the pension changes may bring some other changes.

Mr. and Mrs. Day, case about pensions.

First how much they received before, then how much they receive now, and then compare this with other pensioner, whether they are being discriminated, meaning that they are losing more pension that the others. Anyhow, we are only setting this case, in a way the it is easy to understand, so all figures are well rounded figure, and therefore they have not been worked out mathematically.

So, Mr. and Mrs Day have about $580,000 worth of assets beside their own residence;

Before the 1^st January change they received about $450.00 per fortnight each;

After the 1^st January change they will receive about $350.00 per fortnight each;

So, they will be losing about $100.00 per fortnight each, this is very upsetting because they have problems with renting the house. When the house is not rented, it is hard to live on $350.00 per fortnight. One should keep in mind that a single pensioner that has no assets, receives $873.90 per fortnight, and even they sometimes complain about living a modest decent life. So, let us talk about owning and renting a house, whether it is worth to keep things as they are, or they need to change a few things, to live their life at the level of everybody else. So, how renting a house affects the pensioners.  

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Owning and renting a house

People believe that owning and renting a house is the way to go; if you talk to any real-estate agent they will tell you that, but one should ask oneself, is it so all the time, or are there times when it does not work out in your favour, or the way you want, therefore, owning another house is not the best thing to have, which is the case of Mr. and Mrs. Day.

As we have said in our last article, today the Days’ and any house owner find it hard to rent their houses, because there are too many vacancies here in Brisbane. So, Mr and Mrs Day have rented their house for $400.00 per week, and they hope that the tenants will pay the rent on time, and will not damage the house while they are living there. They have worked out that as things are, after paying all the bills, they could average in a year over $200.00 a week net rent. They must estimate a conservative figure, because there are too many vacancies, and there have been times when their house has been vacant for months.

After going over all this stuff, one start to think that there is something wrong with the way things are set up. So, one would ask. Did the Day’s couple make a mistake when they invested in this property? As they were thinking that by having a property for rent, they could be better off when they retied and would have some extra money to enjoy in their old age; because as you can see, it did not work that way at all. In facts, they are worse off, because if they had only the house they are living in, they would have received a lot more pension, than what they are earning from their investment. They could have more good time for themselves, instead of trying to run their property for rent. One could almost feel sorry for them knowing what they are going through now.

One needs to ask, what sort of government is this, can they work out properly what they are doing? They tell the people to save their money for their old age, so that they can live a better life in their old age. But when the people reach their old age, they turn around and take that money away from you, by changing the laws. But that is not all, because they don’t take the money away from their own pensions, if anything they increase it, because their pensions is not assets tested.

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What some people could do?

When those things that you have worked hard for, they don’t earn what you expected them to earn, and for that reason, you are ending up I n a financial disaster, since you are losing money. You may start thinking many things including about what you want to do, and what you could do with what you have.

In the case of Mr. and Mrs. Day they are losing so much that they may have to think about a different set up, so that they can receive a lot more pension and live an easier life.

As we have said in our previous article, Mr. and Mrs. Day are not on the best terms and they may divorce soon. So now that the pension has gone down more, this thinking of divorce comes back to their minds. Because if they are divorced, they will receive a single pension each. But that is not all, they will own a house each, so they have no more assets, so they will receive the full pension. Now let us see what difference it will make.

Today they receive about $350.00 per fortnight each.

If they are divorced they will receive, $873.90 each per fortnight.

Which is a lot more than what they receive today, the only question left here is will they do it?

Anybody that is losing that much money will certainly do it, to make sure, let us look at those figures again, but this time let us see, how much money they are losing in a year, if we work both pensions together:

Now, they would receive about $700.00 per fortnight, in a year they are receiving $18,200.00.

If they divorce, they will receive 873.90 each per fortnight, which will be $22,721.4 each.

Or 45,442.8 per year. So, they are losing $27,242.8 government pension in a year.

Our own views on this is this.

If people start divorcing, or doing something that entitles them to a full single pension in the future, you cannot blame them, because they have been pushed from the government to do it.

Now, before we finish talking about owning properties that affect the pensioners, let me say my point of view here-under.

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Pensioners owing properties

The pensioners that own a rental property today are in a lot of trouble, because everything seems to have turned against them. First of all, the government cuts the pensions, then they cannot rent their properties unless they rent cheap, and also, they cannot sell their properties easily, because there are too many properties up for sale.

Some of you my readers think that I am exaggerating, because everybody things that the properties are always going up. But I tell you what, the boom on the property market for me is already ended, but people are not aware of it yet. When I drive around the street of Brisbane, there are too many signs of places for rent and for sale, when a few years ago, there were none. So, everybody that owns some real-estate should brace themselves now, for the rough ride ahead, this will also affect the pensioners that owns properties of course.

Anyhow, we want to conclude this article now, by saying that the pensioners are having a hard time no matter where they turn they find problems.

Therefore, in the future, they better plan to own just a house, and then collect the full pension from the government. It is a lot easier that way

I believe that I have said enough in this post. So, see you in our next post, which could be about some events that the entire world might be interested, like the weather and the affects it has on all of us.

See you soon.

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Menfranco general blog
Australian pensioner and assets
IS TO BE CONTINUED
Next time with, The weather and its affects

-------------------------------------
Some personal and religious links: 

http://menfranco-re.blogspot.com/

http://ifyoubelieveingod.blogspot.com/ 

http://rentalsbrisbane.net

http://manneedsgod.co.uk

http://frankmenchise.com

http://diybrickwork.com

Australian pensioners alarmed

WELCOME TO OUR BLOG, Menfranco general blog. In addition to our own posts about, my life story, and some DIY posts, we are going to publish some world wide public issues that we are writing, about what is happening in the world today and other stuff.
-
Welcome to our blog, Menfranco general blog
and this post, Australian pensioners alarmed
-

Australian pensioners alarmed

Let us start from the beginning

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The fat cat and trouble maker Australian treasurer Joe Hockey

This is a photo of the 2014 Australian treasurer Joe Hockey, as it appears in Facebook. Here we have given him the name fat cat, not only because he is fat, but also because he earns too much money. It would be fair if he asks for a pay cut.

Let us start from the beginning

Let us start from the beginning and talk about the man that brought in this disaster, because he was unable to see what his budget would do to the Australian pensioners and other institutions. This disastrous budget was delivered from the then treasurer Joe Hockey the 13 of May 2014, today we are still finding how terrible this budget was. Because the 1^st of January 2017 some Australian pensioners have lost some pension payments, which we are going to talk about in this article. But first let us see how the expert have described this budget at that time.  So, here I quote:

The austere budget faced widespread criticism and was overwhelmingly rejected by the Australian public as reflected in all opinion polls after its release.^[3][4][5] Opposition to "unfair" budget measures came from the opposition and cross-bench, pensioners, economists, the union movement, students and welfare, community and disability groups with some taking to the streets in protest. The budget included changes which were contrary to pre-election commitments and promises made by the Liberals in opposition.^[6] Critics argue that every one of the following pre-election commitments made by Tony Abbott were broken in the first budget: "No cuts to education, no cuts to health, no change to pensions, no change to the GST and no cuts to the ABC or SBS."^[7][8] Echos of the "dead and buried" Fightback! policy package from the 1993 election occurred with proposals to defer unemployment benefits for six months for under 30s and the removal of GP bulk billing. Most proposals have since been shelved, dumped or modified.

End of quote.

Anyhow today Joe Hockey, has moved out of politics, but the politician have given him a very good job, with a very good pay. Meanwhile the Australian pensioners are hurt from those changes to the assets test that he proposed. Here one would ask, if he really wanted to save money to the government by cutting the pension, why he didn’t propose to cut his own pay and the other politician, since they seem to receive a ridiculous high pay for their services. We think that this is only fair, since we are all in the same boat of Australia. Now, let us talk about the Australian pensioners.

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 Pensioner are alarmed   

Yes, dear readers, today the Australian pensioners are alarmed, they are alarmed because they feel that the Australian government is ripping them off. They feel ripped off because the changes that are taking place from the first of January 2017 are unfair to some of them. We believe that they are right to feel alarmed and upset, so, we are going to view and write what they are concerned about.

Therefore, in this article let us talk about these Australian pensions, since most of us would be personally interested about. I should admit that I am not an expert in politics and government matters, however sometimes we try to have our say. As you know we have talked about the Italian politics in a few articles, we have written one about Obama the American politics too. So, now let us talk about ourselves, the Australian politics and a few things that affect us directly, we are going to talk about the Australian Pensions that are changing, from the first of January. This change is going to hurt a lot of people that rely on part of the Australian government pension in their old age.

Here we are talking about retirees that have not got enough of their own funds to retire and live a modest decent life, so, they rely on the Australian government for a full pension or part pension. This article is being written to express the alarming views of some part pension retirees, which are going to be affected from this change. In their views, what hurts most here is that the people that have got no assets, because they have never worked hard and tried to save money they will still receive the full pension from the government, but those that have worked hard and saved their money, hoping to have just a bit extra cash when they retied will have the pension reduced and in some cases completely cut off. we believe that that is not right, because it is the people that have worked hard and saved their money, are the people that have paid most taxes in the past.

Anyhow, here are some figures that have been published on the net.  

About 330,000 Australians will find their pension cut from the 1^st of January- 90,000 will be losing it entirely, because of the tighter assets test. I believe that it is not fair, because it is already hard for pensioners to live a modest life peacefully.

So, if the federal government loses next election, because of what they have done, they deserve it. Anyhow, let us look at some possible outcome, and how people could react to these pensions cut. Here we are going to write about some imaginary case of what some people could do, because they feel that they are being discriminated and punished for being good honest citizen.

Anyhow, here we are going to talk about a case or two, as an example. You see, before this pension was cut, this couple had accepted that the government would give them only a part pension, so, they tried to live with that, but now that pension is being cut, so they don’t know what to do, because it is going to be hard for them to live a decent modest life. Let us talk about their concerns. 

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Some pensioners’ concerns

Here we cannot use real names, so, the name that appear in here are not their real names.

Mr. John Day and Mrs. Ann Day are two aged pensioners, they have received a part pension for few years now, as they are both 70 years old, so, they are aged pensioners.

Anyhow let us describe how this change will affect them, in this case of Mr. and Mrs Day.

Mr and Mrs Day own two houses, they both live in the same house, even though they are not on the best terms with each other, and it is said that they will end up divorced soon. Anyhow they are still living under the same roof as husband and wife, so they receive their pension as a couple, which is less than if they had the pension paid as single people, so they start thinking if they are doing the right thing, or they should do a few things to improve their financial position. So, let us compare what is happening to their pension first.  

 As we have said, Mr and Mrs Day have two house one they live in and another one they rent, so, the house they rent is calculated as an asset, the value of the house is set at 520,000 dollars, add to that a few more things they have, they have 550,000 dollars’ assets, so their pension is calculated on these assets, as it was before they told me that they were getting from the government about 450 per fortnight each, from the 1^st of January, they are going to get about 350 dollars per fortnight each. This is not enough to live with even if you try hard.

The house they rent, today it is rented at 400 dollars per week, because they could not rent it any higher, now, that is not net money, because they have to pay all the fixed expenses, like the rates, the water and other urban utilities, the insurance, the maintenance. But that is not all, because sometimes the house is vacant for several weeks until a new tenant is found. So, there are times when in a year, they can average from the house only a bit more than 200 dollars per week.

Here one needs to ask, where and how the government people work out this new law about the assets and how much you earn. I believe that it should be worked on a real possibility that you would be able to earn at least as much money as the full pension, before they cut the pension.

Anyhow, at this point of time I believe that this article is becoming too long, so, the facts and figure about this example will be discussed in our next article.

See you soon.

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Menfranco general blog
Australian pensioners alarmed
IS TO BE CONTINUED
Next time with, Assets and pensions cut

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