Tag: Super

To Protect Australian Workers’ Retirement Savings, We Must Democratize Pensions

The Australian right has long dreamed of fully privatizing workers’ pensions. Now that one of the world’s largest investment firms is moving into Australia’s superannuation market, their dream may be realized. To protect workers’ retirement, we need to democratize super funds.

Source: To Protect Australian Workers’ Retirement Savings, We Must Democratize Pensions

JobMaker scheme fails youth as super accounts drained and JobKeeper bypassed gig economy – Michael West

The Coalition government’s signature employment policy for young people JobMaker has created just 609 jobs. And thanks to the flawed design of JobKeeper, which shut out many young people from key financial support, superannuation accounts were emptied, for which the young will pay a heavy price down the track. Kathryn Daley, Belinda Johnson and Patrick O’Keefe report.

Source: JobMaker scheme fails youth as super accounts drained and JobKeeper bypassed gig economy – Michael West

That extra you’re about to get in super, most of it will come from you, but don’t expect the ads to tell you that

Fair enough, but the increases in compulsory super contributions will come out of the same bucket as wages – so-called on-costs which employers use to pay wage cheques, workers compensation, payroll tax, employees pay-as-you-go tax, and employees super contributions, which is also known as the “super guarantee”.

That extra you’re about to get in super, most of it will come from you, but don’t expect the ads to tell you that

Housing Hypocrites: Tim Wilson’s housing affordability crusade just an assault on super – Michael West

Housing Hypocrites: Tim Wilson’s housing affordability crusade just an assault on super – Michael West
Housing affordability

Tim Wilson is the latest Coalition politician to cry crocodile tears over the housing affordability crisis, calling for Australians to access their superannuation to buy a house. Yet Coalition policies – from negative gearing, property subsidies, money-laundering, super fund borrowing to banking and lending standards – are all about pushing house prices up for those who already own them, writes Elizabeth Minter.

Housing Hypocrites: Tim Wilson’s housing affordability crusade just an assault on super – Michael West

Beggars, Choosers And Tim Wilson! – » The Australian Independent Media Network

IPA in Government

Yes, I’ve noticed over the years that the Liberals often have excellent solutions to problems that would be the perfect answer except for the fact that there’s no explanation about the steps to get to the actual solution. In much the same way that we were told that the answer to unemployment was to create jobs and growth, Joe Hockey told people that the way to buy a house was to get a better job, and that the best form of welfare was a job, we now have Timmy Wilson telling us that it’s better to buy a house than to increase your superannuation. Of course, how people on lower incomes manage to buy a house when they’re getting enough for an extra cup of coffee, well, that’s not really addressed.

Beggars, Choosers And Tim Wilson! – » The Australian Independent Media Network

As HSBC shows, we’ve been timid and pathetic in dealing with tax dodgers. The ATO allows corporations to self audit pay as much as you see fit. Is that fair?

lin homer, chief exec HMRC<br />

As HSBC shows, we’ve been timid and pathetic in dealing with tax dodgers | Prem Sikka | Comment is free | The Guardian.