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Is Super about to be Nationalised?

  1. 10,702 Posts.
    From Money Morning.
    How they plan to do it…

    "As we’ve written this week, the subject of the government taking private super funds is something we’ve followed for the past six years.
    It first sparked our interest when we saw the government take nearly $800 million of super fund balances from foreign temporary workers.
    Since then, we’ve seen a gradual build-up of a campaign to demonise saving, add complexity to the super system, and of course, we’ve witnessed the outright theft of private superannuation savings by the government.
    And remember, this isn’t a political beef that we have with one side over another. The expropriation of private wealth has happened under both Labor and Liberal governments.
    In fact, the biggest transfer of wealth from the private sector to the State looks set to take place under the current government…perhaps within the next 90 days.
    That’s a big claim. So what proof do we have?
    That’s simple. The period from now right through to Budget Day in May is the ‘sounding out’ period for governments.
    This is when the incumbent government uses its media and vested interest contacts to plant stories in the media. These stories will claim that certain policies are on the agenda for the next budget.
    Once out in the mainstream, the government then watches and waits for the public reaction. Depending on how the public, interest groups, and the media react, the government will then decide whether to push ahead with a proposal, make adjustments to it, or just drop it.
    This is happening right now as proposals and ideas emerge on what to do with superannuation. The latest ‘thought bubble’ should concern you."

    http://www.moneymorning.com.au/20150219/wont-believe-whos-attacking-savers-now.html
 
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