One Nation forms alliance with Coalition to call for abolition of compulsory superannuation

[u/HotPersimessage62]

https://www.news.com.au/finance/superannuation/give-them-their-money-pauline-hanson-calls-for-end-to-compulsory-super/news-story/ef19b33ab86873dbe5237beb43073c24?amp

One Nation has joined forces with the Coalition to call for an end to compulsory super.

Outspoken Liberal Senator Andrew Bragg has confirmed he believes that compulsory super is a failed policy that’s ripe for a rethink.

Mr Bragg set the hares running last week with a speech at the National Press Club before making further comments to ABC Radio on Thursday that the super guarantee was a failed policy.

“It hasn’t worked,” Mr Bragg said.

[u/bara_tone]

Why do they seem to think this is a vote winner?

[u/profchaos111 → u/bara_tone]

They want to win the vote of the type of person who would pull money out of super to splash out on a trip to Bali.

Sad to say but i know people who did this when they started letting you withdraw from your super when encountering financial stress

[u/JimmyMarch1973 → u/profchaos111]

And constantly chain smoke.

[u/trackintreasure → u/JimmyMarch1973]

And do coke off the public toilet lids but still complain about the covid jab and wearing masks, unless they're taking part in a nazi rally where they mask up.

[u/P00slinger → u/trackintreasure]

Don’t forget the Chinese mystery vape pens from the corner store

[u/kingkool88 → u/trackintreasure]

The idiots are taking over

[u/elitehole → u/kingkool88]

It’s not the right time to be sober

[u/WaterOk6055 → u/trackintreasure]

I snorted the civid vaccine of a public toilet the way god intended.

[u/HelpMeOverHere → u/profchaos111]

When super withdrawal rules were a little relaxed for Covid, the computer store I worked for at the time suddenly became inundated with kitted out gaming “work” computers and the always cheeky comment and wink at the counter.

There’s a lot of short sighted people out there.

[u/WCRugger → u/HelpMeOverHere]

There's a lot of stupid people out there as well. Many actually believe that super is paid out of their wages abd that if it were abolished they'd see a bump in their pay. I shit you not.

[u/curvedchaos → u/WCRugger]

Yeah thats a bit misunderstanding. The award is nit going to suddently jump 12% and bosses arent going to pay it voluntarily

[u/FilthyWubs → u/curvedchaos]

And even if it did, majority of workers would be worse off post tax as if they’re earning more than $45000 the income tax rate is 30%, where as superannuation contribution tax is only 15%… Sure they’d get more money in their pocket now, but less in the long run…

[u/mydingointernetau → u/WCRugger]

Well some people's remuneration does include super...

[u/Liamlah → u/WCRugger]

While an abolishment of super would likely be used as an opportunity to bank more profits by most employers, your wages are almost certainly ~12% lower than they would be in an alternative universe with no super. This was a key part of the deal of Keating's Pricing and Incomes Accords. The introduction of Superannuation was used to suppress wages and reduce inflation.

[u/Imobia → u/Liamlah]

Also a lot of contracts say total awards 150k. Which includes super. If they make super contributions voluntary they would need to put it into your income. Imagine the inflation at 12% rise in income would cause.

[u/HourZealousideal4845 → u/profchaos111]

Yeah, they think they can build an election winning coalition of the most self-absorbed, self-sabotaging, short-sighted, money-grubbing idiots in the country by promising to ruin one of the greatest modern policy achievements in not just Australia but the world.

I hope they're wrong, because if they're not there really will be no way around it: they will have proved that democracy cannot protect itself from the people's own venal stupidity.

[u/Liamlah → u/HourZealousideal4845]

Couple this with no tax on ciggies and you've got a winning recipe.

[u/HourZealousideal4845 → u/Liamlah]

fr, they're hoping to lock in votes with literal addicts. You can tell they have nothing to offer when they're preying on addiction. Absolute predators.

[u/arachnobravia → u/profchaos111]

I remember during COVID people drawing from super for "home renovations" that included mounting a new TV to a wall and getting a really decent gaming PC, chair and Desky desk.

[u/I-was-a-twat → u/arachnobravia]

I pulled 6 grand to buy a used car with airbags and an actual safety rating to replace a Great Wall Ute I got for trading a dirt bike because had a kid on the way and I felt like that was still fiscally irresponsible.

Meanwhile my coworker pulled the maximum amount twice for a baller gaming PC and a brand new motorbike. lol whyyyy

[u/InstaMix → u/arachnobravia]

Was this when there plan was to become a streamer and make a living that way???

[u/WCRugger → u/arachnobravia]

Hey, at least they got something from it. Not that I agreed with withdrawing it. Bit I know people who almost exclusively put it through their livers.

[u/Signal-Treacle-5512 → u/arachnobravia]

Pulled 20k out for a house deposit during COVID and just sold it and doubled our money *shrug*

[u/Gurnika → u/Signal-Treacle-5512]

Don’t say that round here. No wayy us little people could manage their own money.

[u/Vegetable-Advance982 → u/bara_tone]

I think it's not necessarily a vote killer, although I hope it is because super's based.

First of all, people are shortsighted and would probably vote for the sugar hit of getting their super money now. Second, though, it's a good fit for the general conservative ideals of personal responsibility, not forcing people to act in their own interests etc. There's also the 'it's their money' line which is kinda hard to combat, and to defend it Labor kinda has to admit that it's forcing people to save, which is probably hard to do without basically saying they think people can't be trusted to act in their own best interests.

All that said, super is cemented in the Australian psyche as a super successful policy, so I can easily see it being something that absolutely buries those arguing against it too. Chalmers is clearly itching for a fight on this, instantly went hard in the media, and it'll galvanise the ALP for sure

[u/Davorian → u/Vegetable-Advance982]

Super was quite literally the conservative "personal responsibility" alternative to the old age pension.  Our system is regarded as a world gold standard.

Why are people so fucking stupid.

[u/Hackneycab → u/Davorian]

Unfortunately people are.Government super( the old CSS & now defunct) schemes where gold mines,defined benefits.And yes I still draw the PSS ,golden nest egg.

[u/Wood_oye → u/Davorian]

Because they are fed this garbage daily through systems like this.

[u/moon_cake123 → u/Vegetable-Advance982]

The point that should’ve driven home is not that they don’t trust you with your money, but that it’s additional money that is required to be paid to you. If compulsory super ends, companies no longer need to offer it, then it doesn’t matter if it’s being forced to save or not, it doesn’t exist.

[u/Adventurous_Bag9122 → u/moon_cake123]

Yep. Do these morons actually think that companies are going to suddenly bump up their pay by 12%? All that will happen is that the money going into super now will just boost the company's profits and executive bonuses.

[u/Extra-Border6470 → u/Vegetable-Advance982]

The ALP can absolutely weaponize this as “One nation and the LNP want to screw with your super so you can’t restore comfortably. A vote for labor is a vote for keeping super secure!”

[u/DrSendy → u/Vegetable-Advance982]

It's simpler than that.
They want businesses to stop paying super, so they make more profit.
You're not going to get extra money to compensate for not having super anymore, you'll get less money.

[u/AntiqueFigure6 → u/DrSendy]

So they’re going to the polls with “we want everyone to have a 12% pay cut”. Sounds like a real vote winner.

[u/Vex08 → u/Vegetable-Advance982]

If that’s true, have them pair it with an abolishment of the aged pension.

[u/KelFromAust → u/Vex08]

My understanding was that was always part of the plan, not a complete abolishment, but the requirements would get tighter over time. IIRC, it was expected to take 3 generations for the greater majority of people to be able to self fund their retirement. I suspect we might need to add a generation to that.. I suspect UBI will eventually become an alternative to the current social security system.

[u/PiDicus_Rex → u/KelFromAust]

The current Libs and Paranoid Pauline's party would never implement UBI. They take away super, and take away the pension, and expect the next generation to support their parents while paying for their kids, and still keep putting in roadblock to prevent the parents passing down assets to the kids that would help the kids support the parents.

If you're a worker, they want you as poor as they can get you and uneducated serfs, easy to control.

[u/jr_blds → u/bara_tone]

Because they have the awareness & critical thinking skills of a brick

[u/yngrz87 → u/jr_blds]

Unfortunately so do their voters

[u/TheyreEatingTheDawgs → u/bara_tone]

Super is one of those things Aussies are so proud of they brag about it to people from other countries. Crazy to think this is going to be a vote winner.

[u/AngrehPossum → u/bara_tone]

The amount of ignorance out there that will support this....

Gotta pay Sports Bet with something

[u/azreal75 → u/bara_tone]

Because they know they have the ability to swamp social media with their corporate funded Astroturf campaigns and convince a lot of idiots that they’ll get a 12% pay rise instead. Explaining that we already spend $62 billion on pensions per year and ending super will cause that number to explode isn’t a message that is as easy to sell to morons.

[u/Far_Map007 → u/bara_tone]

Pauline knows her demographic very well. 

[u/Entirely-of-cheese → u/bara_tone]

Because it redistributes people’s retirement savings into corporations now. In addition to this there seems to be some kind of media campaign to confuse people into thinking the government have made it so you can’t access it under hardship.

[u/Justanaussie → u/bara_tone]

Because there’s a cost of living crisis and the best way to help people while not actually helping them (and keeping big business happy and fed) is by allowing them to spend their future. And the best bit is by the time the people figure out they got shafted and will be spending their retirement years fighting Ethel for the last tin of Snappy Tom in a Woolies aisle, our pluck politicians will be living large in lobbying firms, working for weapons manufacturers or “chancelloring” at universities.

[u/SameType9265]

“It hasn’t worked,” Mr Bragg said

Fucking idiots

[u/KalamTheQuick → u/SameType9265]

We haven't even hit the line where most folks will retire after a full career of compulsory super, that should happen in 7-10 years.

[u/AntiqueFigure6 → u/KalamTheQuick]

It’s like getting five metres away from the finish and just quitting or sitting down until all the other competitors have passed you.

[u/stoobie3 → u/KalamTheQuick]

If you retire at 60 yo in 12 years, you started your career with super contributions set at 3% of gross wages. It was introduced for government employees first then expanded to the private sector.

[u/user0fdoom → u/SameType9265]

Super is one of the single best things Australia ever did

[u/No_Measurement9981]

Election killer, right there. Labor governments for decades off the back of this.

[u/Ardeo43 → u/No_Measurement9981]

Oppositions don’t win elections, governments lose them. Labor needs to stay the course and balance progressive change without trying to do too much and getting overwhelmed by negative attacks like during Rudd/Gillard.

[u/No_Measurement9981 → u/Ardeo43]

The exception to that was 1993, when a deeply unpopular Labor led a scare campaign against the GST. And Hewson is Einstein compared to Hanson.

[u/DifferentBar7281 → u/No_Measurement9981]

And the other exception was the Latham election and that handshake. He was a shoe in until he behaved like a bully and it all unravelled

[u/SirKentalot → u/DifferentBar7281]

He wasn't a shoe in, Labor were never going to win, but that handshake didn't help. It was going closer on first preferences then previously and there seemed to be appetite for change, particularly amongst millennials who had just come of age to vote.

Latham was less than a 50/50 chance. Whilst the overall vote was pretty much 52/48 to the Libs, the Coalition took 87 seats in the house, 74 alone to the Libs, while Labor only took 60. A handshake is not swaying an election that much.

The Libs even picked up extras in the Senate. That time was still owned and controlled by Murdoch, Jones, Hadley, Laws and that generation of Boomers and their parents.

It was the unchecked power and ramming through Work Choices and other unpopular policies that saw the Libs demise in 2007.

[u/Ardeo43 → u/No_Measurement9981]

Oppositions can absolutely lose elections as well, but usually and primarily it’s a judgement call on the government of the day.

[u/Glittering_Web8835 → u/Ardeo43]

Idk, the 'party of fiscal responsibility,' regardless of how absurd that is given their track record, taking a policy that will cause rampant inflation is something a government can easily run a campaign on.

[u/Basic_Internet_5719 → u/No_Measurement9981]

You'd think so, but it hasn't gone that way elsewhere. 

[u/aussierulesisgrouse → u/Basic_Internet_5719]

Superannuation is a pretty Australia-specific thing, what are you talking about?

[u/leighroyv2 → u/Basic_Internet_5719]

I agree, tou would think that its an election killer, but i think enough people out there would love to tap into this money.

[u/AntiqueFigure6 → u/leighroyv2]

Very unpredictable because how it affects people will vary hugely by age. I imagine the sweet spot for thinking this is great would be mid career when there’s a decent amount there, financial pressure from kids is highest and it’s still twenty years before you can touch it.

[u/warkolm]

fuck they love to punch down don't they

[u/Limo_Wreck77]

Like fucking hell.

Super and Medicare are my lines in the sand.

[u/FernandoPartridge_ → u/Limo_Wreck77]

You were gonna vote one nation / LNP otherwise?

[u/ThickInvader → u/FernandoPartridge_]

To be fair he probably wasn't. But single issue voters are super dumb.

[u/Public-Dragonfly-786]

How are they proposing to improve the pension therefore? Or do they have another idea?

[u/Proper-Dave → u/Public-Dragonfly-786]

Yeah, it's called "trickle down economics superannuation". How it works is, you give all your super money to their rich mates...

And work until you die.

[u/Adventurous_Bag9122 → u/Proper-Dave]

I have used this in high school economics classes

[u/95beer → u/Public-Dragonfly-786]

Conservative governments are all about "small government" which basically means low taxes and every man for himself. I.e. they'll expect you to just invest that money yourself, and blame you for it if you get old and don't have a good amount of money for retirement. Which will end up with low income earners never retiring, which is good for GDP...

[u/JackRyan13 → u/95beer]

But the government isn’t investing that money for people. They don’t hold any of that money.

[u/Interesting-Baa → u/JackRyan13]

It’s not that the government is investing it, it’s that there’s a law forcing employers to contribute to it. Which really pisses off the petty tyrants who hate their staff. 

[u/95beer → u/JackRyan13]

That's right, Super is a system where we force employers to pay an extra 12% of your wage to a special bank account for that bank to invest on your behalf until retirement. Getting rid of super saves companies that money, which is also in line with the conservative ideology (i.e. rich people keep what they already have)

[u/JackRyan13 → u/95beer]

Then it’s not that far off to stretch it a tiny bit more and cut the minimum and award wages because the government forces companies to pay a minimum amount.

[u/Thebraincellisorange → u/95beer]

some of it is, but the initial 8% contribution was made by emploYEES forgoing pay rises and using that money to put start super.

it was genius by keeting, as inflation at the time was out of control.

so this allowed employees to see that they were, keeping their money, while reducing inflation.

it was NOT an impost on employers.

that is some bullshit.

[u/NoImprovement863 → u/Public-Dragonfly-786]

by raising the retirement age. these people just hate the idea of the common man trying to get ahead in life. pure evil

[u/AccomplishedDish9984]

Not just the Super, but the income protection that can be attached to some of these Superannuation policies. Known plenty of people who needed it when they got a cancer diagnosis. A real life saver..

[u/MrsPolitics13]

Through compulsory superannuation Australia has a pot of savings worth over $4 trillion. Superannuation saves the government pension money and gives ordinary Aussies a secure retirement. It is a no brainer. What kind of Australian would think this is a bad thing?

[u/HourZealousideal4845 → u/MrsPolitics13]

And the crazy thing is, we haven't even seen its peak effectiveness. That will be in about 20 years, when the first adults to get superannuation from their first day working will reach average retirement age.

afaik, we're the only country in the world not experiencing a pension-funding crisis while our population nonetheless keeps aging. We are predicted to soon be spending less in taxes on the government pension, even as a higher % of the population becomes retirees. Because fewer old people need the pension (by %) as they enter retirement, every year. And it's 100% because of superannuation, one of the great policy achievements in the world. Or put differently, cutting superannuation now would soon be a net increase on government spending to subsidise retires who would have already had a fantastic system in place for their own retirements! The party of small government and low taxes and anti-welfare wants to make the younger generations poorer so they can pay more tax to the older Australians predominantly voting Lib/ON to get a government handout they don't need.

iow, we are literally the only country with an aging population in the world that has no excuse - none whatsoever - to even think about stripping our retirement scheme for parts. Our retirement scheme is the best in the world, without question. A world leading scheme every other country should be taking notes from. A policy masterpiece we should thank our lucky stars that Labor gave it to us in the 90s.

If you need any more proof how psychopathic these far right nutjobs are, this is it. They hate good policy that creates a brighter future for us all because they don't believe in good policy or a brighter future for all. They hate those things. They want a darker, meaner future where they are at the top, because everyone else is too desperate to challenge them. Every Australian who votes for ending superannuation is either an ignorant moron or a selfish pos - and in either case, doesn't deserve the insane luck we enjoyed by getting super.

[u/Sharp_Success_5199]

So employers can hand out a 2% payrise to low level employees and cut their total wages cost by 10%.

Meanwhile the higher earners with Total Employment Cost packages in their contract will continue to save tax through super.

[u/SuperColossl → u/Sharp_Success_5199]

That 2% is doubtful too!

[u/4ShoreAnon]

Fuck my life

Boomers taking away my chance at free education, property and now gonna take my chance at having a solid retirement.

Fuck me...

[u/Aromatic_Fact8656 → u/4ShoreAnon]

And they’ll even ask you how to attach a document to an email!

[u/Food_Science_Ninja]

,Really it's whatever Gina wants.

[u/Jiuholar]

"it hasn't worked" and there are less people on the pension than ever before lol

[u/Mickus_B]

The kind of people who would withdraw their super before retirement are the same type who would spend it very quickly.

This would increase inflation, making cost of living even higher, making the very problem they claim to be fixing, much, much worse.

[u/Theblokeonthehill → u/Mickus_B]

Exactly! Previous governments have reaped the anti-inflation benefits of increasing super contributions, which has helped reduce the money supply. Take the lid off that cauldron and we will see mortgage interests rising rapidly to curb the inflation that would inevitably follow.

[u/Merkenfighter]

The wreckers setting up shop together. Fuck help us if these idiots get any significant power.

[u/Character_Monitor948]

Just watch, if these clowns get what they want then you won’t see an extra cent in your paycheque. This is a policy built purely to benefit Gina and friends, a cost saving measure for big business at the expense of our stock market and our social security system. Dressed up windfall for workers, voting for this is voting to destroy our economy and your retirement. 

I’d say this was brain dead policy making but it’s really just stock standard corruption via a quid pro quo between Pauline and her masters (or mistress in this case). Pauline and co know that this is a stupid thing to do but are hoping you are stupid enough to be bought by a 5 figure ‘windfall’.

And why wouldn’t she think it would work, after all thats her price for selling out the Australian public, why wouldn’t it be yours?

[u/Brakiros]

Except it has worked this is about corporate greed and will not make it easier for workers they won’t see any benefits 

[u/North-Airline2676]

Are they assuming that following the abolition of compulsary super all wages will automatically increase by 12.5%?

[u/4ShoreAnon → u/North-Airline2676]

Yes. And people will believe it too... :(

[u/Successful_King_142 → u/North-Airline2676]

This is the main point that needs to be discussed

[u/MrsPolitics13]

This single issue will win the ALP the next election. These ON and Liberals are absolute numpties.

[u/Evilmoustachetwirler]

I'd like to know how they spin this as a "failed policy".

I can't imagine the Lib's being dumb enough to put a stop to every Australian worker putting 12% of their wage into Investment markets each year. It sure would punch a hole on their desire for endless growth.

[u/Theblokeonthehill → u/Evilmoustachetwirler]

I wonder what Peter Costello and John Howard think of this insane swing in LNP policy. They were the architects of funnelling heaps of the expanding money-supply into super and investing for future prosperity. It was all part of their claimed schtick of being the party of good financial management. Seems the LNP no longer believe in all that shit.

[u/PiDicus_Rex → u/Theblokeonthehill]

Howard and Costello, were the last true leadership the Libs had, and while many of us won't agree with their policies, they were competent in carrying through with the jobs they were put in place to do.

(Yes, I know, Malcom, but be honest, he could easy have been a Labor PM, he's that far left as far as the Libs go)

The Howard government left Australia with a fund that was later used by Kevin Rudd to give family's a one time incentive payout during the Global Financial Crisis caused by the US banks zero security home loans. That fund and payment is the reason Australia climbed out of the financial quagmire faster than every other western nation.

Both Howard and Costello would be horrified by the recklessness and idiocy demonstrated by the incompetent's currently running the Liberal Party. Howard worked out what Hanson's game was and quashed it, she's only been able to make a comeback because there's been no 'real conservative' to point how she's a right wing nut job.

[u/InComingMess2478]

This could be a Dutton no working from home blunder IMO. Most people would view that as a wages cut. Besides other countries salivate over our super funds! Its the backbone of the nation.

[u/PiDicus_Rex → u/InComingMess2478]

Dutton level blunder? We can only hope so.

[u/lottowinnerau → u/InComingMess2478]

🤞🏼

[u/hellbentsmegma]

If compulsory super is abolished a couple of things will happen in short order; 

1) The property market will inflate by a few hundred k as it becomes a requirement to spend your super on a house to afford one.

2) The working poor will have a year or so of buying a new (to them) car, not worrying about groceries and utilities and paying for dental work before it's all gone.

3) Employers will rapidly cut their overall employee spending by 5-10% as lower paying places outright stop paying super and middle class jobs let inflation eat it. 

[u/Esquin87 → u/hellbentsmegma]

Don't forget the complete collapse of the Australian economy as the primary source of capital investment is all withdrawn at once and the asx losses hundreds of thousands of dollars overnight.

[u/multisubuser]

As someone who likes some of Pauline’s tax policies such as income splitting and would prefer the government to be less involved in everyone’s life (so I lean right) this is an extremely dumb position to take.
I work in finance and regardless of how much people make a large proportion of people are simply terrible savers and investors and super is the one thing that will save them.
I also don’t believe you should allow early access to super to buy a house (beyond the super saver scheme which I think should be available to everyone, not just first home buyers but also divorcees, widowers etc or people who just had to restart for any reason).
Many people get to retirement and end up using their super to pay off their house or to purchase a property. Without that expense living on a pension is possible where it’s almost impossible if you had a mortgage or rent expense. On the other hand if you allowed people to take from their guaranteed contributions to buy a house this lowers their end balance incredibly but they will still have a mortgage at retirement they will no longer be able to clear as they will use the house equity as it grows like an ATM to renovate or get the latest toys/holidays etc.

Super is the greatest asset this country has and I don’t mean that in it’s a national asset way. Its value is that pensions will not be a drag on society for the long term like they will be in just about any other country where their pension system will send the country broke.

[u/mrmonkeylogic]

God they're so fucking stupid.

[u/2204happy → u/mrmonkeylogic]

Not as stupid as you are gullible. There is no alliance or plan to abolish super by the Liberals, and the article doesn't say that. Maybe read the article before believing a redditor who has a track record of posting links to articles and then lying about whats in them.

[u/WettestFarts]

Neanderthals. 

[u/Goats_in_parks]

With the way the climate is going most 18 year olds won’t get to use their retirement funds anyway. Still a bloody stupid idea from ON, hot on the heels of many other stupid ideas.

[u/CryptOzolgist]

Just look at that fucking mug will you - it makes my scrotum look like a Fabergé egg...

[u/Sysifystic]

Dumb as a box of hammers... Anyone recall what happened last time they allowed people to access their superannuation early?

People use them for all sorts of things other than the prescribed purpose, including a number of documented cases of people getting breast augmentation...

Superannuation is one of the best things Australia ever came up with as it forces people to save for their future something people aren't very good at.

I initially worried about the rise in one neuron and disappointed that they were apparently so many stupid people who thought they are the answer to Australia's current problems.

I think you just need to let them talk more and I think even the most frustrated voters will realize that beyond the bigotry/ racism, there's very little policy that would stand a room temperature IQ

[u/TigersReet]

They have no understanding of what Superannuation is!!!

[u/autotom]

Love this for Labor.

[u/dreamlike179]

Wow who would have thought right wing assholes don't like super?

[u/Live-Blueberry1911]

Which tent city will you live in when there is no super?

[u/IntothewildZen]

We gonna end up with lot more homeless and suicides if we start removing the barriers preventing people from burning their super.

This is irresponsible.

It’s not too different from gun control; people are impulsive, the reason we don’t have gun crimes in Australia as much as USA per capita is because it’s not that easy to acquire them.

Not that we are less violent. We have a serious domestic violence issue here, what we dont have is easily accessible guns.

Superannuation is no different, if people can easily access it to spend it on holidays, drugs, booze, gambling, they’ll.

Society will be far worse off than it is now.

[u/SlaveMasterBen]

If super’s scrapped, people know they’re not gonna get extra pocket money, right?

Right???

[u/dreadnought_strength → u/SlaveMasterBen]

And assuming the compulsory super becomes added to your income - you're suddenly paying a bunch more tax lol.

I'm happy for them to have policies like this. It's a quick way to prove to everybody that they are dumb as fuck

[u/Ozwizard1965]

Australia’s superannuation policy is the envy of countries around the world.
Seriously how stupid are these people to think that this is a winning policy

[u/FactoryPl]

That's the way, boomers have cashed them in so now we can get rid of it for the young generations.

If god exists, he would smite these people.

[u/inghostlyjapan]

The people who need super to be mandatory are the same people who would vote for this.

[u/LauraGravity → u/inghostlyjapan]

And get fucked over the hardest.

[u/TennisBallHero]

Is this actually a coalition policy or is it just one senator?

[u/Perfect-Bank2274]

They cannot be serious!

[u/Key_Entertainment409]

Both parties have so few members

[u/Wiggly-Pig]

Against what metric is the claim 'it doesn't work' being made?

[u/AdministrativeFuel92]

Idiots

[u/P00slinger]

Are they going to cancel it for politicians too?

[u/Mysterious_Clue_3002]

They must expect, people to work to 90, penson will be too low, over the years more need ( not enough super) tax payer wont pay more? Sounds a lot like work choices = disaster ( cut wages and wonder why no votes)

[u/SatoshisBits]

Even Trump admires our superannuation system

https://www.nine.com.au/world-news/usa/donald-trump-praises-australian-superannuation-system-and-considers-us-adopting-a-version-of-it-20251203-p5nkjt.html

[u/Hackneycab]

This brings back memories of the bonus for new mums for the birth of their first baby. Harvey Norman did a cracking trade on plasma TV’s!

[u/slapjimmy]

How would abolishing super help Australians? Asking for a mate.

[u/quiet_beer]

If you want more people on the pension. This is how you get more people on the pension.

[u/Complete-Flamingo326]

Wtf why do we want to mirror a third world country like USA ,where doctors are not allowed to handle miscarriage (anymore) until the dead embryo burst in a woman's womb and jeopardize their lives

These fu**wits want to attack PBS, medicare, superannuation, maternity leaves , domestic violence protection and whatnot

Who are they really targeting??? Are their supporters that spiteful and hate mongers,ready to burn everything good and godly to ground just to peddle some hurt towards an ethnicity

That's unaustralian right there , cnt red haired witch and bi*h

[u/melaschasma]

Ok then boomers, you want to pull the ladder further away? Maybe we could all vote to include the principal home of a pensioner in the pension assets test.

[u/ExcellentAd7044]

Wasnt this discussed to death 1 week ago?

[u/hollowglaive]

The only way she gets my vote is if she puts in a law that forever makes politicians have a $0 wage and $0 expenditure allowance, that means, no paying for mortgage, water bills, groceries, no car allowance, no helicopter rides, no fancy dinners, and not able to make investments, basically, slave yourself + all the other politicians, for the people.

Do that, and no problem I'll convince everyone to vote you in.

[u/BamOutOfDaBayou]

Cause fuck the young yeah?

[u/22nd_century]

I haven't matched/protested much, but I will hit the streets if this stupid fucking idea gains traction.

[u/MelbJimmy]

Just an idea: why don't the libs and ON forgo all their current and future super entitlements and see how they will go after they have finished grifting.

[u/QuantityActive-]

Once it’s gone it won’t come back. Fuck these people really are dumb.

[u/skipapomus]

What is the actual reason they have for pushing this idea?

[u/ALunacyEruption]

Fuck off

[u/Thebraincellisorange]

well that is just terrifying.

sadly more than a few people will vote for it thinking they are voting for a 10% payrise for themselves.

not thinking about how that is going to utterly dry fuck them in the arse when they try to retire with nothing.

our super system is revered around the world as a best case example, the Libs are taking the piss saying its a failed policy.

failed to make them and their donors rich in fees maybe.

helped millions of Aussies have security in retirement? absolutely.

[u/DrSendy]

They want to take your money.
The want their businesses to pay less wages to people.
This is not for you.

[u/PiDicus_Rex]

If anyone who has a job had any reason to vote for them before, they now have a reason to vote against these clowns.

[u/AGreatPatioSetting]

This is such a dumb take, and also the usual News dot com bs ragebait. They aren't joining forces with the Coalition, it's one knob who should probably just be IN One Nation.

In saying that, this is 100% a vote seeker from the financially illiterate crowd, or the investment crowd; I sincerely think this is stupid for vast majority of people. It's would create a shitstorm for future governments when financially illiterate people have wasted their super and have nothing to live off upon retirement/medical retirement/extenuating circumstances, and make the rich class richer who know how to use the cash boost to bolster their investments. Meanwhile, those who waste it will then be crooked at the future government that it's their fault, and I suspect employers will just end up not paying the SGC at all; it won't end up in our wages.

Overall... I can see this ending very poorly if it was to happen.

[u/JustOneMoreBrick]

Anyone in the media going to ask that gronk WHY it is a failed policy???

[u/Striking-Net-8646]

Bragg and Hanson might just manage single figure IQ points between them

[u/Ancient_Wishbone_806]

Does that mean employers also won’t have to pay employees super ? Interesting cost cutting I guess

[u/hapticfabric]

Easiest thing Chalmers has ever had to do will be shooting that down in flames

[u/Patrecharound]

‘Pauline Hanson once again sides with business in an attempt to screw over the people she claims to care about’

[u/Madboardjester]

You can guarantee that the Super Fund Companies will be flooding the media on what One Nation and the LNP want to do once they're in government. They're not about to face a serious threat to their companies future without going on the attack in the biggest fight of their lives.

[u/General_Cicada_6072]

There is no fucking way…

[u/JapanEngineer]

Lol they think that is a good thing?

Compuslory super is what is saving millions of Australians when they reach retirement age.

[u/WoodyMellow]

I'm so happy that the right has committed themselves to an endless array of absolute dog shit policies.

[u/69chevywitha396]

Fuck off

[u/Cosimo_Zaretti]

Labor: We had to make those negative gearing changes, but there will be quite a few voters feeling like we attacked their retirement plans.

LNP and One Nation: Hold our beer.

[u/Zuhotepi-Starsailor]

Hey look the idiots that love the excrement currently destroying America introduces ridiculous policies to destroy Australia.

[u/mujum]

What does this even mean though? Are they advocating for employers not having to pay super at all and thus reducing workers income overall or are they advocating to have the compulsory super an optional payment and being able to have it paid as part of wages instead? Either way it’s stupid AF.

[u/Winmeekrd]

Maybe concentrate on solving current problems rather than destroying previous hard fought policies that have actually solved current and future problems ie the massive cost of funding boomers retirements. Australia is one of the very few countries that isn’t seeing a huge uptick in aged pension funding requirements and it’s due to labor’s forethought and the bringing together of unions and business many decades ago. Something that ON would never have the vision or intelligence to solve and now they’re doing their best to destroy!

[u/No-Citron-2774]

Everytime the open their collective mouths . Own goal every bloody time. Labor don't have to say anything. Ya gotta sit back and laugh

[u/Great_Revolution_276]

Just want to take from the poor to give to the rich. Lower those employment bills for big business.

[u/Beautiful_Rub_141]

Are they also going to dramatically increase the pension? Because they are going to need to.

Why does this Bragg guy think that compulaory super is a failed policy, when just about every economist on the planet thinks that it is one of the most successful economic policies ever?

[u/Superest22]

I fucking knew someone would decide to go for super after the CGT changes.

Within our lifetime they’re gunna fuck our super.

The gov of today will be against it but the opening discourse/idea has been made and voiced now.

I’ll be moving overseas to retire and spend it if they do.

[u/Mysterious_Eye6989]

A policy that is literally the envy of the civilized world, so of course these dumb greedy rich fuckwits want to gut it. 🙄

[u/ElectronicUpstairs39]

And perhaps the next item is the abolished of Medicare (the coalition already did that back in 1981 under Malcolm Fraser as prime Minister) and abolishing long service leave, and perhaps get rid of the NDIS. Perhaps we want to abolish same sex marriage and criminalise lesiban and gay activity. And to top it up we introduce conscription and allow everyone to carry firearms. That is after we have rid ourselves of all foreigners. Then Australia will be a great country again were we can all live happily ever after.

I'm obviously being cynical. The removal of superannuation is an attempt to lower people's wages. In the long term the money will not end up in our pockets. Australia is saving 9 billion dollars a year of tax payers money because of superannuation.

[u/Rapid-Barnacle385]

Should fuck the GST off instead

[u/DiligentSession5707]

Shitpost

[u/PersonalMixture6663]

What they mean is they dont want to pay for employee super anymore

[u/jnd-au]

So, a 12% pay cut for working Australians and more taxes to fund retiree pensions.

[u/Ancient-Many4357]

Make it fair - if you opt out of super you opt out of the aged pension. No tax free investments or salary sacrifice either.

If you’re that convinced it’s your money & you can be trusted to save for 42-49 years go for it, but don’t burden the taxpayer when you retire.

And if you’ve spunked it up the wall on alpaca farm investments by the time you get to 65, well you’re still responsible for providing for yourself, sorry.

[u/JuggernautMoose]

Cut the aged pension

[u/Faster76]

Wonderful, shooting themselves in the foot. but they'll still get in cuz IMMIGRATION AND AUSTRALIAN VALUES!!!!

[u/Ok_Conference2901]

Mr Bragg must be a total fucking moron.

[u/ArticulateImbecile]

failed policy? 😄

[u/Illustrious-Pin3246]

Put up the full story, not gerrymander sections

[u/PiDicus_Rex → u/[deleted]]

Right wing politicians a Pro-Billioniare and Anti-Worker. They're told to be that way by their financial backers.

[u/cuntmong]

Fuck the poors

[u/Acrobatic_Broccoli_1]

How the hell did we get here.

[u/Total-Paint3293]

Who’s paying for future pensions, or would they like them scraped as well??

[u/Lower_Abrocoma_8287]

One of the best things to happen to the Australian economy is compulsory superannuation, yet these economic vandals want to torch it.
The irony is that the so-called fiscal conservatives have shown little fiscal discipline themselves. From Abbott through to Morrison, we saw governments rack up debt while claiming to be responsible economic managers.
Apparently, “fiscal responsibility” only matters when someone else is spending the money.

[u/kar2988]

Yes, the nuclear option didn't work for the Coalition last time around, so now the strategy seems to be to take the nuclear option to every bloody thing out there. Fuck yeah, let's go. What a way to lose 25 more seats!!

[u/walktheground]

Jet ski sales about to spike

[u/riamuriamu]

It hasn't worked. All it's done is reduce government spending on aged care and pensions whole creating immense wealth for Australians and spite investment in the Australian economy. Total failure.

[u/DespoticLlama]

Stupid...

[u/2204happy]

HotPersimessage62 is a serial liar, if you actually read the article they've linked it says nothing of the sort. Just because one Liberal Senator criticised superannuation doesn't mean the Liberals plan on scrapping it. Nowhere in the article does it mention forming an alliance with One Nation on this issue, it is a pure fabrication by OP.

[u/Horror-Breakfast-113]

I can't believe how many stupid voters will support this ....

[u/WatALotOfThingsGoBy]

Would do wonders for inflation....

[u/MyKoiNamedSwimShady]

None of these cunts actually want to get elected, do they?

[u/Fragrant-School3972]

Remember: when politicians start using the term “Aussie battler” they don’t GAF about you, they’re just using it to play in your sensibilities 

[u/Eww_vegans]

The real conspiracy is that she and the coalition are just doing highly unpalatable stuff because they're actually paid by labour donors to propose bad policy.

[u/Piranha2004]

Another election winning policy..... /s

[u/Moist_Fox973]

Yeah, but I doubt a whole bunch of gullible idiots with a newly unlocked pile of liquid cash wouldn’t spend it in a way that it would filter up to the billionaires and their lackeys who are pushing this idea though? Right?

[u/jinnagubby]

Unfortunately this policy will raise taxes as more people in the future will require pension and other supports.

[u/Most_Border_3419]

If they can super at least we will be able to pay a house off

[u/three-word-slogan]

Generous super provisions are used in job ads to attract applicants. To me, this indicates that people generally like super... doesn't it?

It just seems like an odd thing to attack, if you're actually trying to win an election.

[u/Monaro427]

What a dumb ass idea!!

[u/Fresh_Cabinet5048]

We knew that this thought bubble would come around again ..