Earlier quoted context omitted.
> Uhh, this is private property, the result of individual households setting aside a portion of their own wages to save for the future. Yes - and that was a terrible decision. Australia could have put super contributions into a collective pool, and used the money to increase equality and fund above-poverty-line universal pensions, but it didn't. Instead they put it in individually owned accounts - inequality and pove…
> This is incoherent - both oil and mining resources require labor to extract. Again, what is special about oil is that profits from extracting oil are very large, but the profits from mining coal are quite small. Therefore a nation sitting on a pile of coal has a great jobs program for employing coal miners, but not a lot of surplus industry income that can be taxed to give everyone in the country an extra 200K. A n…
Are you aware of how Australia's superannuation system works? Contributions are literally paid from company income. You are saying it would be impossible for Australia to save trillions from surplus income when this has already happened and is the basic design of the scheme!