If James Packer was down to his last $60 million, with no more than the apartment he recently purchased in the Crown Sydney Residences in Sydney plus less than $263,250 in the bank, or $394,500 if he was to remarry, he would be eligible for an age pension when he turns 67.

Packer has paid significant taxes in Australia all his life, as have his companies. If entitlement to a pension is a reflection of the gratitude of a nation towards those who have contributed, he is more than entitled.