Paul Keating admits his compulsory super system is failing
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Last week we blasted former Prime Minister, Paul Keating’s, daft plan to slug Australian workers a 2% to 3% ‘longevity levy’ to fund ‘geriatric’ care for people aged 80-plus whose superannuation savings have run out.
Today, The Australian’s Judith Sloan has attacked Keating’s proposal, claiming he has tacitly admitted that his compulsory superannuation system is failing:
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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.