BOB THE AVERAGE AUSSIE BOOMER
After seeing one too many “I pAiD iN aLL mY LifE!!” Boomer posts recently, my autism got the better of me so I decided to debunk Bob The Boomer’s rubbish once and for all.
Boomers born in 1958 are now eligible for the aged pension (at 67) in Australia - $29,874 per year for singles.
If Bob entered the workforce at 18 in 1976 and worked the average job his entire life, he earned $2,049,181 and paid a total of $413,082 income tax - equivalent to 13.83 years worth of pension (less actually, as the pension is indexed and goes up each year so he will receive more).
Those taxes are meant to, you know, HAVE FUNDED THE ENTIRE GOVERNMENT over the last 50 years and all the free shit they doled out.
But in fact, if Bob lives the average 18 years of life he has ahead of him (per the ABS), he will receive more in aged pension than the entirety of his income tax contributions paid in. So he had free school, free Uni, a military, emergency services, R&D, everything that the State provided, and now he gets more than all of his money back via the pension. 10% of annual Federal expenditures go to givING Bob more money than he ever paid in.
But wait, there’s more!
Bob paid $33,283 in total Medicare levies over his career.
The Government pays about $6,717 in Medicare expenses per year per person - the figure is much higher for seniors but they don’t make this data easy to find lest we all realise another place Bob is robbing us blind.
So not only is Bob getting all his taxes back and then some, but he’s also getting all his Medicare levies back plus 3X more than he put in over the course of his pension years!
When Bob says “I pAiD iN aLL mY LifE!!” the reality is, on net he didn’t pay a damn thing. He lived at the expense of future generations and continues to do so without even a modicum of understanding that is what he is doing.
This system MUST NOT CONTINUE. It has already destroyed us economically, and it’s destroying future generations not born who are being forced to carry this ridiculous parasite on its back.
