I see Bill Shorten is suggesting we use some of our trillions in collective super to fund infrastructure projects.

I remember saying in the 90's when super started that it should be a government run asset and to keep it from the hands of gamblers.

Apart from the obvious risk of trusting incompetent goverments, we would now in a position where we owned everything, collected all the tolls, fees etc and our seniors could be happily retired on decent incomes.

If only!

Butch you will never be happy. No matter what you do it will still be govt; debt. Isn’t that your bug bear. It is not free money.

Super is collecting 12 % interest. And you can borrow at 2 % So where is the cheapest money.

All we have to do is Borrow when the time comes to pay out super money to persons owing.

You can always use super to pay off debt, and spend super money on infrastructure and still be in debt. I don’t know how you are going to win. If you are spending someone else’s money you are creating debt.

You can’t take money paying 16 % interest and payback 2% interest. Not now anyway Abbott has gone and never to be seen again. An infiltrator of the worst kind.

You have to pay interest on labour and insurance as well while you are trying to recover money.

What about the futures fund, that has around 117 Billion dollars sitting there doing nothing but earning 15.7 % interest.

Super is subject to rise and fall as any stock is. What you do is Five years before you retire you shift it into a safe place at considerable less interest.

There is plus and minus in doing what Bill said. At the moment it is national wealth, spend it and it is tar and cement. Tar and cement only has a value as long as it remains in one piece and where it was supposed to be.

It takes decades for anything to pay its way and something’s never recover their full costs.

An interesting question Butch but how do you make that work. Give us your solution.

As soon as Labor sees a pile of money they want to spend it. As Doog said, it is presently getting interest at a a rate far greater than the rate the government can borrow at, so this is yet another moronic idea by Shorten.

I have never suggested we use super to pay down debt, but had the government managed super from day one we would own everything we sold and not have debt. The million dollar unknown was could our former governments have managed it.

Butcher

Where did you see where Bill was talking about super, in what paper. I can’t find anything being said .

You are lucky that super is there at all , if it was up to the coalition it would not exist.

Doog, he was being interviewed on sky news.

As for super, personally I'm opposed to it because we already have the highest wages going and super just amplifies that. It's time people learn to stand on their own two feet and if the government were to give tax incentives rather than the highly restricted ones that are in place, people could off set their incomes.

We are at a point now where approx 30% has to be added to the gross wage to cover all extras and that's 30% that consumers have to pay. Well it should be but in reality most small business owners wages have gone way backwards in real terms over the past ten years.

The other huge issue I have with it is the unpaid work that employers have to do to comply. While I accept that we have it, what I would like to see is for all super to be paid to a government fund, then employees can shift theirs where they like. Red tape is killing small business.

All super paid into a govt; fund, the govt does have a super fund.

I am still lost. You pay into a govt; fund then the govt invests it so the owners can get 16 % return.

One super fund is Industry super fund and the other is retail super fund, which pays the best interest I have not got a clue. My super is in Term Deposits.

Wasn’t Abbott the champion of red tape removal.

Which Red Tape [ or rules ] would you like seen gone. The trouble with red tape removal is everybody would require different red tape to be removed. Then the nation would be lawless.

Super is a part of wages, and can not be removed that is effectively a pay cut, no one wants a pay cut. And workers are standing on their own two feet, and super stays, it is a compulsory national savings scheme.

That is good of you to worry about the extra that consumers have to pay. Tax incentives. That depends on what the incentives are and who benefits.

The quarterly Bass should not cause any problems, so long as cash register rolls are properly used. I did the Bass for 3 years and it took me 30 minutes each month to keep up with. As receipts cam in they were filed and tallied. I never had any trouble with Bass at all, it’s a better system than keeping hoards of paperwork.

Super has paid well all along, higher interest rates always have a degree of risk. Market fluctuations are nothing new as long as it does not happen when you are about to retire. Safe haven shift 5 years prior is the go, less if you are a gambler.

I can’t imagine Bill saying that, unless he was at the races and half pie eyed. Whatever it was it did not make mainstream media.

Besides you would have to know what the plan was in full. As it is at face value it is not good business to buy money from someone that you can get for far less.

Save your dribble for someone else doog, you are trying to make a mountain out of an ant hill.

As for what Bill has said, it's also been on ABC radio. You must live under a rock somewhere.

The red tape I refer to is the ever increasing unpaid workload employers are now faced with. It's getting beyond a joke and is why so many are swapping staff for computers and the like.

Butch Keep it sociable, I have not heard or seen it where Bill says what you say he said. I read the ABC news on my Computer, and I have not seen it there is what I am saying.

It’s about time you swapped staff for computers, I did that in 1995. Along with online banking it saved heaps. As new technology became available I had it.

Business is cut throat and you must keep up with trend. Sink or swim was a cartoon I had in my office, along with James Furphy’s inscription. “ Good better best, never let it rest, until your better is best, and your best is better. “

I don’t make mole hills out of mole holes. This is your thread, and your are responsible for it.

I have doubts about removing red tape, it is there for a reason and those reason’s have not gone away. Nice thought but I think it would cause other complications. Abbott recons he could get rid of red tape, but you know he was able to say anything. There could be some laws that may need updating, I think that would be the best you could hope for.

The business landscape is cruel and has never been any different, it’s not for the faint hearted. Continual innovation and promotion is the name of the game. And never be frightened to give something away. Every friend you gain is a sure fire recommendation.

I always had a set amount of $ to give to local basket ball, and Soft ball teams, anywhere women used to congregate. Giving to football teams was a dead loss.

Not my worry any more, it’s my son’s I am happily retired thanks.

Turnbull had a cheer squad when he said at a liberal meeting, there was no factions controlling the liberal party. Wow was he being kind. The deposed PM was present. He could not help a laugh when he got the cheer.

Liberals and Conservative are 180 degree opposites, God all mighty what a day. What will this PM say next, to be kind.

Not much in the news lately about our new PM. Well not on the ABC anyway, and they are usually hard on liberal Pm’s so some say. I suppose if there is nothing of note to write about things go quiet. When the former PM was in the job, news was a daily occurrence, for months and years. Now we have nothing.

The Caulfield cup is coming up shortly, there is a horse called Credo in and is expected by race day to be a hot chance of running last. We will have to wait and watch to see if that is correct or not. The tips I get are usually hot to trot, maybe that is why I never get an actual winner. But some sweeps are profitable for coming last, you can even get your money back.

I don’t know if I can handle a year to the next election, without any political news to write about. Probably end up inventing some to keep the electorate on its toes. Any excitement is better than none, so I have been told. Something had better break shortly, because this is an incredibly low cost time.

I thought Bill was going to be my savior as far as news goes, but someone got over exhumed and fed me on a pile of steaming hot frog swobble. So what else is new, We all get taken advantage of. Don’t we.

It’s like political persuasion, some get addicted to a party for life, without any due thought put into it ever. And some size up a political party by performance. And some are ready to switch at a moment’s notice, because of what someone said at the pub. And some

Well doog I was mistaken because as it turns out, Bill once agin wants to steel from the successful people to prop up the underachievers.

I should have know better.

If Credo was my bithc I would feed her on chaff. No doubt the Caulfield cup will be the next challenge.

There are more chaff bandits around than there is on a race track. Turnbull should be happy with his new look office staff, hand picked, and compliant to his ideals. I did not hear what happened to Toni’s climate change advisor. Probably breasting the bar with Toni. I reckon.

New Water Minister Barnaby Joyce is considering reviving a comprehensive audit of the health of the Murray-Darling Basin after it was axed by state governments three years ago. Well some just do not get it. Do they They think rain is all that is needed to look after a river system. Everybody wants a slice of the Murray Darling Basin, but not all want to look after an incredibly valuable resource.

What hope do you have when it gets set up to monitor the river, and someone comes along to dismantle it again. I would not be surprised if the states had nothing to do with it now. Let the feds look after it.