Fucken hell! One Nation has taken over Barnaby’s entire electorate.

This isn’t a personal question as much as general finance question;

As we get into our late 40s it is not unusual to have say a 200k mortgage and a 400k value super fund.

Said super at this point might be 50pc cash and bonds versus 50pc equities.

That 50pc cash and bonds is likely paying about 4.5pc yield if it’s Australian bonds. Little less international unless you have gone corpo bonds.

Anyway why doesn’t the government set up an invest in your own mortgage fund… ie you invest 200k of your super into this fund the government runs and this fund is the new owner of the loan asset that is your mortgage. The gov holds your title deed and you pay off your mortgage at 6pc (varies but 2pc over rba rate say)

At present we are paying banks 2pc mortgage margin and getting 4pc odd on our super cash earnings at the same time. It seems pretty fucking stupid to me except for the banks.

Even if it had stupid tight guardrails like LVR no greater than 0.5, max 50pc of your fund etc that would still be billions in net margin saved over the economy that just gets swallowed by banks and would in stead be going into your super fund.

Why I think it’s an opportune time is equities are feeing a little dubious to me. I’d love to get a 6pc guaranteed return on my super and pay myself 6pc interest in stead of a bank. Not saying it’s for everyone but why not have this option?

It's weird, you guys always seem to miss the news about Labor working with the libs to pass conservative policy

Genuine question. Are Labor people ashamed that their party seems so keen to protect an industry that does so much grievous harm to working class people and society generally? That Labor ministers seem so keen to pat themselves on the back as somehow progressive on this issue when it's clear they've only acted due to political pressure and only to the barest possible degree? Or that there is such unanimity of opinion on this legislation with the Coalition?

Is this why people call Labor centrist or centre-right these days?

Genuine question about how people justify this.

‘Let them do it without our tax dollars’: ABC grilled for scheduled Hasan Piker interview

​News24 host James Morrow grills the ABC for inviting “clown” Hasan Piker on their Planet America show.​“On the American left he's something of a big deal with more than 3 million followers on the streaming service Twitch and millions more on other platforms,” Mr Morrow said.​“He professes to hate capitalism… but grew up affluent in the New Jersey suburbs.​“He has accumulated this fortune by ranting at his followers and taking positions that, were they uttered by someone on the right, would have the e-Safety commissioner move to ban his videos and Tony Burke slapping a ban on him ever getting a visa to Australia.​“He's also a big fan of Hamas, as long as Israel is on the other side.​“The crazy thing is, wild-eyed, anti-American, anti-Israel, anti-free market rhetoric has been credited, or blamed, for helping the radical left get up a swag of candidates for this November's Congressional elections and even put socialist Zohran Mamdani into the New York City mayor's office.​“One has to wonder: is there something in the water at the ABC's Ultimo HQ that makes them think they are immune to consequences?​“If the ABC wants to have this clown on their network, that's their business, but let them do it without our tax dollars."

It’d be messy, but Labor could win the election with just 26 to 28 percent of the primary vote, but they may end up with a Lib-National, One Nation-controlled upper House. If that’s the case, I reckon it’s best if Labor loses this election. Have an absolutely chaotic one-term Lib-Nat-On government, and then come back.

I vaguely remember Jordies having a video on Ground being the worst yt sponsor

Due to changes to the aged care system packages, people are going without services for more days.

Also because there’s a new assessment method involving AI, many people are getting underfunded.

It’s called the Integrated Assessment Tool (IAT)

Honestly it feels kind of like Robodebt 2.0 for aged care to me.

FEES going up 25-30% for people is kind of crazy.