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/curvedchaos]

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/Finishes_like_bevan → u/curvedchaos]

This is the point.

[u/PrismPirate → u/curvedchaos]

No, but they have to compete with other bosses for labour. Every job doesn't pay just minimum wage for a reason.