New tax in place of compulsury super

[eddy]

Dont ever trust an insurance guy for this sort of thing. I bet he would like to sell it and make a good profit out of it. Dont fall for it.

I agree with you mate it is better you just get a government annuity that keeps you until you die.

Just seen on TV there is call to stop the stage three tax cuts but that is crazy when so many people are pushed into it with bracket creep.

Just replace stupid compulsury with an extra 10% tax.

[eddy]

I read that while the fed wants compulsory super to make more money it is embarrassed at how much they are making out of gambling.

Better to just can compulsory super and replace it with a 10% tax so the government can use the money better.

https://www.agr.org.au/agr-media-releas ... ing-stocks

[eddy]

Stephen Jones on ABC giving mixed messages where he wants the public who believe in climate change to call the shots but at the same time he wants the super funds to make more money but that means more coal mines, duh.

https://ministers.treasury.gov.au/minis ... -abc-radio

[eddy]

Watching tax reform on National press club Australia but they never said about stopping compulsory super with an extra 10% tax that can be spent in Australia where super funds want to buying more coal mines or going overseas.

True governments have not got a good track record but there is a balance where they have to show direction.

In the last two decades we have spent $360b in fees and some American investments would have been better going into pay rises.

https://www.afr.com/companies/financial ... 918-p55x0w