Ancestors

Written by Bin Chicken 🗑𓅠 on 2025-01-21 at 04:04

Is the Coalition gearing up to slash SG?

https://www.superreview.com.au/news/superannuation/coalition-gearing-slash-sg

Peter Dutton is planning to slash superannuation for Australian workers.

This is a "trial balloon" for cutting the superannuation guarantee from 11.5% (12% from July this year) down to 9%. So far, LNP RWNJs who've put their name to this dire scheme are Alex Antic, Matt Canavan, and Llew O’Brien.

If they get into power, they're going to screw your retirement.

[#]AusPol #Superannuation #PeterDutton #AlexAntic #MattCanavan #LlewOBrien.

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Written by Noel Kelly on 2025-01-21 at 10:43

@BinChicken

Super is wages. That's a 3% real wage cut!

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Written by Bin Chicken 🗑𓅠 on 2025-01-21 at 12:10

@gnoll110 Right, this cut to workers' super is a gift to big business.

It's also setting a time-bomb for the economy: years down the track when that demographic of workers retire, they'll have less savings so be forced to spend less, which will cause an economic slow-down.

Dutton is thinking about his own ambition for power, not the long-term wellbeing of the people.

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Toot

Written by Noel Kelly on 2025-01-21 at 12:19

@BinChicken

The LNP are always chasing that money. During the last LNP government, there was a faction of LNP MPs who wanted people to access and use all their super, before people could access Centrelink for NewStart (now JobSeeker).

Much like this, most likely, they'll see how unpopular it is (with people & the Senate) and drop it before much damage is done.

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Descendants