
Originally Posted by
Brian Hjelm
Plenty of hoards about. Not just the elderly hiding assets to get the pension. Have a look at the pension assets limits. You can be rich and still get a part pension. If you get $1 of pension then you get all the fringe benefits. Many hoarders are dodging the ATO, not Centrelink. The GST created a whole new black cash economy.
Some ethnic groups have a cultural thing about having a stash of cash or gold. Their home countries were often racked by wars, revolutions, invasions, coups, bandit governments, bank failures, and so on. It was necessary to hide your dough. A Greek-Australian I went to school with reckons every time a rich Greek dies there is much gossip in their community about the size of his hoard. I queried that every rich Greek would have a hoard. Mike replied that of course they do, they are Greek and all Greeks have a bit put away safe from interference.
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