Honey pots attract bees and wasps. The $3.3 trillion (US$2.3 billion) that is currently in super funds for Australian workers’ retirement benefits would seem to attract interested parties.
It is possible to have an enormous influence on the decisions of others by spending such large sums of money. Administrators of such large sums can have a significant impact on investments for major projects.
For the government, it can
provide economic stimulus and social outcomes with other people’s money. Jim Chalmers (treasurer) appears to be following this path in his recent statement regarding superannuation.
The hard-earned income earned by Australian workers is the real money. …. It is obvious that the interests of workers should always be at the forefront of any discussion.