tag:blogger.com,1999:blog-3686764185628666543.post4716798901181655552..comments2023-10-10T03:26:30.831+13:00Comments on Share Investor: Compulsory Super fails on all frontsShare Investorhttp://www.blogger.com/profile/02150520236094812434noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3686764185628666543.post-55124913238286503612010-08-19T15:02:11.849+12:002010-08-19T15:02:11.849+12:00Hi Anon, I think I have contradicted it and argued...Hi Anon, I think I have contradicted it and argued it quite well. There maybe a large amount of moola in the Aussie honey pot under a socialist compulsory system but I would argue there would be more if it was a merit and incentive based system instead.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-34694586319896323232010-08-19T11:24:25.503+12:002010-08-19T11:24:25.503+12:00I am not saying it is. I am just saying everyone ...I am not saying it is. I am just saying everyone points to it as a huge amount of savings and wishes NZ had the same.<br /><br />Since that is the main thing those in favour point to, you need to contradict it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-73850127480559352792010-08-19T10:02:35.165+12:002010-08-19T10:02:35.165+12:00Hi there anon, really, is it?
What are the overa...Hi there anon, really, is it? <br /><br />What are the overall returns?<br /><br />Imagine how much better it would be if their system was based on merit of saving rather than the vagaries of government led compulsion.<br /><br />I will never be convinced that compulsion is better than choice and merit in any part of life.<br /><br />Choice always leads to better outcomes if you take personal responsibility for what you do, or in this case how you save.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-66004959508242748532010-08-19T09:56:05.897+12:002010-08-19T09:56:05.897+12:00Darren - Everyone points to Australia's Compul...Darren - Everyone points to Australia's Compulsory Super as a success.<br /><br />I dont think you can say Compulsory Super doesn't work without addressing that specific point - Follow up post maybe.<br /><br />Note: Australia allows self managed funds which would alleviate some of your concerns. Some Kiwisaver funds allow this to a limited extent and I think as personal accounts get larger (needs to be atleast $100k to be worthwhile), this will become more of an option.Anonymousnoreply@blogger.com