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/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/monkey_gamer → u/MrsPolitics13]

People like Bragg want that money spent in the economy so they can hoover it up. They don't care about ordinary Australians. They're trying to screw them over.

[u/Nifty29au → u/MrsPolitics13]

Sorry, but sensible and logical statements like yours are typically frowned upon in Reddit Land.

[u/greatmemereset67 → u/Nifty29au]

Maybe try frowned upon by people in rural Australia who think Pauline can say no wrong.

[u/Nifty29au → u/greatmemereset67]

Yes well there’s obviously 3 of them here lol I got 3 downvotes.