A very confused Paul Keating on super

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By Leith van Onselen

Former Prime Minister, Paul Keating, seems to be losing his marbles in his old age, recommending that Australian workers be slugged a 3% levy to act as a long-term insurer for the ageing:

Under his superannuation phase two proposal he called for the Government to impose a levy of up to 3 per cent on the workforce to act as a long-term insurer for the ageing.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.