The Australian piles in against compulsory super “vampire squid”
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A fortnight ago, Judith Sloan labelled Australia’s compulsory superannuation system a form of “theft”:
As the system of compulsory super has developed, it has become clear its two real effects are as follows.
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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.