Cando - Australia's Voice's Posts

Industry super funds are the new rivers of gold for the union bosses. The question must be why won’t the government insist they be properly run. If they go bust it will be the workers w ho will lose. Julia Gillard and Bill Shorten won't lose a cent. And this is a Labor government. Employers will soon be paying 12% of wages by way of superannuation. By 2025, industry funds are expected to control assets of $1.5 trillion. Despite a massive fall in membership there are now twice as many union bosses as in 1975. The ratio of bosses to members is five times that of Britain’s. They are very well rewarded, these bosses. And not just in their wages. They can look forward to being life-time beneficiaries of that well known rort, “jobs for the boys”. You name it, jobs on government boards, jobs on commissions, seats in parliament, with of course, generous taxpayer funded superannuation - their political friends, the party machines and the factions will ensure these generous benefits will be accessible. In