If anything, politics has some present entertainment value Dopey.
Their mistakes aren't apparent in many cases for many years.
So goes the retirement and superannuation industries. Constant meddling and the 'implication via involvement' have left many thinking it's all covered for them.
The reality is nothing is. The backlash to this budget is bringing public realization to the surface. Every three years the goal posts shift, the chance of improvement slips further away until many wake up to the possibility of a long retirement in poverty.
They have woken and don't like it. Their 'she'll be right' is wrong and with the huge time lag that governs superannuation the distant future problems look insurmountable.
Add that to the real prospect of low interest rates and falling wages for quite some time superannuation companies incomes are small and the return of retirees bank investments is presently meger, turning to pathetic as interest rates drop.
But the US retirees know full well what happens when their government super fund becomes insolvent and what it's like to score .5% on retirees savings accounts. You have to live off capital.
We ain't seen nothing yet, except for more Hockey fiddling.
