Do you support multi millionaires on welfare? - In other words, do you think it is appropriate for a pensioner couple living in a $4 million house in Sydney, with $300k savings to be on the Aged Pension?
Surely being a multi millionaire on welfare doesn't pass the pub test, right?
Not being a smartass, can anyone who doesn't agree give me legitimate reasons as to why this should not be the case? They can downsize, reverse mortgage, take on room mates etc.Ausfinance
Do you support multi millionaires on welfare? - In other words, do you think it is appropriate for a pensioner couple living in a $4 million house in Sydney, with $300k savings to be on the Aged Pension?
Surely being a multi millionaire on welfare doesn't pass the pub test, right?
Not being a smartass, can anyone who doesn't agree give me legitimate reasons as to why this should not be the case? They can downsize, reverse mortgage, take on room mates etc.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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