Hasn’t even started yet but I caught the nsw premier announcement the other day about the kids future fund
so there has been responses by politicians about inequality etc but this is the best performing fund in history and hasn’t even started yet
so taxpayers are going to pay for this vote buying exercise
let’s look at it- poor old buffet has nothing
Parents put in 400 a year
Government - sorry taxpayers put in another 400 to match
that’s a guaranteed 100 percent return each year as a min for up to 18 years depending on where the child starts
what other fund generates those returns- do you know any that have done that return for 3 or 5 or 7 years in a row?
then of course the inequality- some can put in 1000 and other can’t- but the government will
Match the contribution by a max of 400 dollars
so for those children sadly they will
Only
Get a 40 percent return- every single year contributions are made into the nsw government vote buying scam- sorry - scheme- sorry kids future fund
most insane over the top vote buying ever imo- and if started and continued will not only be expensive but will be the best fund performance ever
Guaranteed return by contribution matching - and that’s before they even make a return in what will no doubt be capital
Guaranteed allocations
and with kids with all this cash for education or to buy houses in the future with the kids future fund- well - we better put prices up
guarantees world best returns over long term- so they have heaps cash
add
First home buyers stamp duty discounts
Government guarantees of certain first home loans and no need for mortgage insurance
