Laugh till you cry wrote on Jun 3
rd, 2024 at 12:57pm:
The only people being enriched are fund managers and their salespersons.
Compulsion never works. People should make their own decisions on how to invest that money.
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://melbourneinstitute.u... Quote:... Without change there is a real possibility that, superannuation savings will be inadequate for retirement, expectations will be crushed, and the age pension will be put under considerable strain. The system, therefore, will have failed. ...
You know - when you actually put your mind to work instead of your mouth running on meth fumes - and stay away from your ridiculous Hamas-Luvvin' lies and such - I could be persuaded you actually think some times.
The system will never work while ever governments come sailing in and telling people to draw down their super whenever there is a crisis, and while ever it is in the hands of managers who reap profits from it while not actually giving a damn.
Every single person on part-time casual will retire with a pension and not much else..... Every Single One!
I've offered my solution - Grappler's One-stop Shop - and all we hear is deafening silence.
Smith thinks sometimes too, in between bouts of foot in mouth - I long ago worked out how much paying into a super fund would cost me over a lifetime - so unless you are on one of those massively preferential ones (you now what I mean, wink, wink - the stolen 230Bn), MOST of you given all the pitfalls of modern life under 'progressive' western governments, will end up needing pension to supplement.
Wherever there is big money lying around, you will find grifters.... simple rule.... look at those who work in 'government'.....