On our front do-o-oor,
Yeah, yeah, yeah.
Australia doubles tax on retirement savings
Though Australia’s national balance sheet is comparatively quite strong, the government has been running at a net deficit for years… and they’re under intense pressure to balance the budget.
The good news is that Australia now has a goodly number of investor-friendly immigration programs designed to bring productive foreigners into the country, similar to the trend we’re seeing across Europe.
On the flip side, though, the Australian government has just announced new rules which penalize citizens who have responsibly set aside savings for their own retirement.
It is only a (short) matter of time.
Pingback: Keep It In Precious Metals and Hide It Under the Bed | Daily Pundit