Wish this were true. In actual fact, Labor’s model retains 49% privatisation. While 51% is much better than zero, the plan is to continue privatising nearly half of the new assets - hardly a rejection of privatisation.

Why does Daniel Andrews keep saying stuff like this when the plan is to explicitly retain 49% privatised, ie not government-owned, ownership?

This report, which contains flagrantly incorrect statistics on median superannuation balances*, was released on Oct 5. It still hasn't been fixed. *the statistics are copy/pasted verbatim from a KPMG report which itself overstates the medians by excluding zero balances

If this is true, why not simply make the age pension universal, and raise the age at which superannuation can be accessed to the same age as the pension?

This is a powerful and compelling critique of Labor’s failed superannuation system

FACT CHECK: FALSE. Labor isn’t doing government-owned energy, the energy in question will be 49% privately owned.

Nareen Young just blocked us without any interaction. Disappointing that some people are so afraid of debate or any criticism of their sacred cows.

Who's going to tell him about "the Accords"?

While we're on the subject of Per Capita's board, why is one of your board members a superannuation industry lobbyist? Is this why Per Capita routinely overstates super balance statistics and consistently minimizes super's pernicious role in creating inequality and poverty?

There's very little to celebrate in super statistics - unless you're already wealthy of course. The median retiree has zero superannuation, and the median adult roughly $20k.

One of the many problems with super is that it’s sexist by design - it deliberately replicates the sexism of the labour market, leaving women in poverty. It seems this was well known by lawmakers all along.

It's what you've all been waiting for: our 2022 Year in Review: workersagainstsuper.org/posts/2022-yea… Includes shout outs to Tom Ballard Cade Lucas and others for covering us. Less positive mentions for Wayne Swan and for PER CAPITA, who we've added to our Super Statistics Hall of Shame.

Fact Check: FALSE.

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Paying super on parental leave will close the super gender gap by ~$200 million a year. But the total super wealth cap between men and women is (roughly) $400 billion - about 2000x as much.

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Really enjoyed chatting to the Triple R Fakefasters this morning about inequality in the super system. (Rose Callaghan's thread below is a great recap) The Workers Against Super agenda is spreading!

With a $3 million super cap being discussed in the media, it's worth remembering the median super balances at retirement are only: $136k for men $86k for women And that the median over-65 Australian has no super whatsoever.

Ben's right, government-owned stock is a great way to build public ownership. That's why the superannuation system is so criminal - $3 trillion of privatized wealth that could have been publicly owned.

Good thread on super and the conceptual complexities of talking about “funding retirements”. So much about super “saving the government money” or “helping future generations” is built on wrong assumptions or muddy thinking!