Who didnt see this coming from a decade or 2 away!?!?

So Malcolm still doesn't understand how the system works

Make no mistake, any time a government forces you to pay into a fund, it is a tax... Sometimes, and under some conditions, you get the money back. But it is a tax, just under a different name.

At what point are we going to get to before we riot... am I the only one thinking this.

The plan all along

I assume you haven’t heard the saying “Better to remain silent and be thought a fool than to speak and remove all doubt” ….🥴

Savings are a national asset. Before compulsory super, Australians had really poor savings. Its one of the biggest reasons we have a decent economy.

Need a laugh just read some if the comments in this thread by people who have absolutely no idea how super works.

And when you retire, they say sorry, we had to spend it.....

Tell me you don’t know how the economy works without telling me you don’t know how the economy works.

Start your own SMSF. They cant touch it.

Sounds like another word for TAX to me!

Who makes the most money off the savings? The boss? No The employee - somewhat The Superfunds and the companies invested in? Yes The Government? Yes So who really is this forced taxation for the benefit of? Yes, Superannuation makes "us" richer But it slice of that richer is much skinnier for employees than it is for the three groups who didn't actually contribute the money 👀

So one nation is against super annuation

Albo is on his way out the door

I bet albos super won’t be taxed

TIP: if you immigrate to another country, they have to release you money. ( PS. Thats why immigrants can walk into Australia and have a huge lump sum for a deposit on a house 🙂

So in other words a secondary gst

Oh no Malcolm has escaped again.

They can take the super from you at any time, especially in time of war.

Ah .. what he was suggesting is that our super ... Which is invested...that's what happens with super... Is invested locally

How do you manage to get enough votes to become a federal senator?

It’ll be redistributed as a universal basic income for young and old.

Albanese described Australia’s superannuation system as a national asset because it provides a very large pool of long-term capital as well as retirement income. He has rightly argued that more of it could be invested in Australian infrastructure, housing, energy and business—where those investments produce suitable returns. Super remains members’ money, not government money. Trustees are legally required to act in members’ best financial interests and are not presently required to fund government priorities. Tell the full story.

Superannuation is worth more than the entire ASX, I would call that a national asset too.

Can someone in your team or family teach you how to screenshot.

The master can buy the business when she returns from Sicily

In the UK the goverment just nationalised British Steel. Hint hint.

That looks a bit stone aged

Lol, private industry working like a charm eh?

Let's ask why they had to find a buyer, was the company squeezed out of existence with taxes!

M O R O N

Tarrifs are not evil, they were once, and should be now, a dial to control productivity against foriegn competition.

which one ? hopefully not whyalla

But let's build another 2 dozen data centres

NO it’s the LIMA agreement

You want to reindustrialise? Bet on the technologies of the next decades then. Thats renewables.

How Gina’s shares in SpaceX going?

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Why didn’t you get Gina to buy it? 🤔

Only One Nation doesn’t know they have bugger all effect on what Global reinsurers / insurers will do. 🙃

Go one nation

Look on the bright side - those jobs will be replaced with working at data centres that the government plans on rolling out 😡

A few Labor voters sooking and Greens. Hilarious 😂

And how exactly is business closing as it fails to find a buyer related to net zero? Oh wait absolutely nothing, you just want excuses to spew out to blame anyone.

Great .. it’s time for cheaper electricity my bill is now another $220 per quarter

Well done Albo and Bowen. Renewables…..ohhhh soooo cheeeap!