Personally the phi rebate was a disaster from day 1 and should never have been introduced. But I also believe that about the baby bonus. It was a complete load of vote buying cr@p. I knew so many people earning over $500k a year who got it. It should have been redirected into benefits for those who truly need it. It wasn't middle class welfare, but upper class welfare as well.
And I agree that PHI is a rort. After paying stupidly high premiums I ended up going public as it would still have cost me $7-10k to go private to have a baby. Mad.
We have dropped our hospital cover for the coming financial year so that, net, our PHI isn't costing us more. We have kept the extras as we actually use those a lot. Unfortunately I think the public hospital system will suffer as the PHI companies aren't going to lower their premiums any time soon.
I work three days and after tax, childcare (which is $80 AFTER rebate) and parking (which I need for childcare drop off and pick up) I actually only get pay equivalent to 1.5 days work. So we are far worse off then we were pre-baby. Man I miss those DINK days!
Yes, Labor are sooo terrible. As of today we still maintain our AAA credit rating. Just awful. The most depressing thing I have ever read, not.
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