More proposed changes to super

The election of a new government changes the direction of the country, we all know that. What destroyed the election of the previous government was the slow rollout of the vaccine and women’s issues. The Albanese government is unlikely to be better, but this is really all about perception. We had a decade of poor governance, the liability finally caught up with the government. Scott Morrison was now a liability for the Liberal Party after winning them another unexpected term at the previous election.

Jim Chalmers' task gets harder with Covid backdown | The Australian

So we have a new federal government, Federal Treasurer Jim Chambers is eyeing off superannuation as a large pool of money to fund their agenda. But hang on, this is our money, not government funds. Of course government funds are taxpayer money, they just control our money, but this is different again, this is saved money. From what I can determine, Jim Chambers is a dickhead, it is hard to put a positive case forward for him. He is known as Grim Jim, never anything positive to say.

So, with the rest of the government, where does this leave us? Penny Wong is a natural fit as Foreign Minister, she is good. There is Bill Shorten as former Opposition Leader, he is a liability if ever there was one. Tanya Plibersek was kept in the background during the election, she was always seen internally as a liability. We are already seeing the pushback from energy prices that add further expenses to the cost of living pressures and inflationary forces.

So I think Grim Jim just needs to get on with it, stop blaming the previous mob and provide some solutions. I am sure he will target superannuation savings early in the term so the incumbent government have maximum time to turn around the outrage before the next election. This will involve forcing superannuation funds to invest in their nominated projects, we will see lower returns. If these projects were offering great returns, they would already be investing in these schemes.

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