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Tarvold

19,759 Posts.

1217

23/05/24

16:05

Post #: 73978754
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Originally posted by sholtz: ↑

That’s not what you stated, and I have no doubt you don’t understand and I won’t help you with that.
What a dumb solution you would have for Super, there would be zero incentive to participate with your suggestion.

Do you have any real world experience like paying hundreds of thousands in tax each year and having several million in super to manage. Your view appears to be of one with little means and doesn’t grasp the big picture.

Your nearly 19k posts indicates you’re like a dog with a bone and always going to have the last say on anything and everything.

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'The amount of income that would now be generating would have resulted in lower tax rates than it has now'

That's exactly what I posted.

Originally posted by Tarvold: ↑

The mistake Australia made was give all the wealth generated from resources away in tax cuts.
It should have followed Norway's example & put it all into a sovereign wealth fund.
The amount of income that would now be generating would have resulted in lower tax rates than it has now.

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'there would be zero incentive to participate with your suggestion.'
Funny that exactly how the UK taxation of retirement funds work!

I seem to have a far better understanding of this subject than you.
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