6 November

The Great Super Lie is something highlighted by many more than a decade ago. Super is the financial industry, the messages they constantly give us about needing more super benefit the industry financially. (They’re also one of the peddlers of the lie that ‘we’re all living much longer’, which of course benefits them financially too.) And what’s not always mentioned is what I find the most scandalous part of the whole thing - that these huge super balances are funded largely by the taxpayer, and go to the wealthiest Australians - the tax concessions cost more than the entire aged pension. https://www.smh.com.au/business/the-economy/funds-have-been-peddling-the-great-super-lie-20181106-p50e8j.html