Australia biggest % allocation of the federal budget goes to welfare....almost double what gets allocated to education and health (the last time I reviewed the # carefully). Indeed, as a % of GPD Oz has one of the highest even exceeding most socialsit countries.
In terms of superannuation being a rort for the wealthy.....it neglects the fact that nearly none of them take an age pension because they have self funded their own retireent whereas everyone else (circa +70%) get it.
If unemployment and age benefit testing was more robust I suspect we'd see an immediate increase in the workforce productivity. Given the aging demographic and and narrowing revenue (tax) base its just a matter of time we see some complusion with super savings in retirement.
