I’d like to see a new approach to monetary policy using variable...

I’d like to see a new approach to monetary policy using variable superannuation contributions:
• Introduce a “Superannuation Buffer” of say 2% of earnings
• 9% Superannuation Guarantee (SG) + 2% Superannuation Buffer (SB) = 11% total
• In periods of rising inflation, direct the full 2% SB into superannuation, to be treated the same as SG. Employees’ incomes drop slightly, with a corresponding reduction in spending
• In “neutral” periods, direct 1% into super and the other 1% into normal earnings
• In periods of slower growth / lower inflation, direct the full 2% into normal earnings to boost spending

Benefits:
• Provides another monetary policy tool in addition to official interest rates
• Ability to quickly change the level of spending in the economy
• “Shares the pain” because it affects a larger proportion of the population than changes in interest rates
• A “saleable” proposition. When, say, the full 2% SB is directed into superannuation, employees will see that it’s still their money (they just can’t spend it!)