Wednesday, 18 August 2010

QUOTE OF THE DAY: Compulsory saving…

_Quote So if the main justification for compulsory super is that “people are too stupid to save for themselves,” how can we say that a government made up of these same people will be able to determine the “right” level of savings?
                                   - Matt Nolan, The Visible Hand in Economics

Labels: ,

6 Comments:

Blogger Matt Nolan said...

Just a note - I hate compulsory super, so I'm not saying I think people are too stupid to save for themselves.

It's just, if that is the justification people are using - it seems weird that they would have faith that these same people could magically fix it when given policy hats.

18 Aug 2010, 12:57:00  
Blogger PC said...

Hi Matt,

I never took it any other way. Perhaps I should change the heading to make that clear for those who might?

18 Aug 2010, 13:09:00  
Blogger PC said...

Or who might want to.

18 Aug 2010, 13:10:00  
Blogger Matt Nolan said...

Cool thanks. I just wanted to make sure I wasn't giving off the wrong impression is all :)

18 Aug 2010, 13:27:00  
Blogger PC said...

Certainly not in this office.

18 Aug 2010, 13:33:00  
Anonymous Anonymous said...

i don't think the government is claiming to get the rate correct. they will just do it by trial and error. like everything else.

20 Aug 2010, 16:35:00  

Post a Comment

Respond with a polite and intelligent comment. (Both will be applauded.)

Say what you mean, and mean what you say. (Do others the courtesy of being honest.)

Please put a name to your comments. (If you're prepared to give voice, then back it up with a name.)

And don't troll. Please. (Contemplate doing something more productive with your time, and ours.)

<< Home