Labor's superannuation bill

Latest development- Albo states that super is a $4 Trillion national asset. That is should be used for national projects

I'm guessing for things like expanding the NDIS, getting Snowy 2.0 half finished and closing the gap a few millimetres.

PS- Paul Keating says super should be merged with centerlink to create an integrated wealth transfer system. (Oops, I meant integrated social welfare and retirement system)
 
Latest development- Albo states that super is a $4 Trillion national asset. That is should be used for national projects

I'm guessing for things like expanding the NDIS, getting Snowy 2.0 half finished and closing the gap a few millimetres.

PS- Paul Keating says super should be merged with centerlink to create an integrated wealth transfer system. (Oops, I meant integrated social welfare and retirement system)

He wasn't saying that the government should use them to fund expenditure at all. He said that super funds should invest in corporate bonds to provide funds for those companies to invest in projects of "national interest".

The issue is not that Albo wants our super, he doesn't, it's that he's trying to influence where our funds are invested.
 
Funds are obliged to invest with the best intentions for members.
If where Albo wanted them to invest was better, they would already be doing it.
The government record in investing doesn't inspire confidence in taking their advice.
 
That's the same thing that EUSSR is doing, they are just going straight for the bank accounts to force citizens to invest in green scams.
Isn't it wonderful how all the socialist governments manage to wreck their economies, and then simultaneously get these brilliant ideas of abolishing private property rights.

More central planning. More government meddling in private savings.
Where have we seen this before?

 
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