Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (14318)	2/2/2002 1:10:35 AM
From: Moominoid	Respond to of 74559

The Aussie age pension is much less than typical American social security payouts. We don't pretend the government is saving money for anyone's retirement and neither do we have higher future taxes looming to pay for it, only for health care costs. Complaints about the system are that most superannuation money gets directed into large cap Aussie and foreign stocks and away from small business so it is effectively a tax on that part of the economy. You can have a "DIY super fund" but it is a big administrative hassle.