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
Wednesday, 18 August 2010
QUOTE OF THE DAY: Compulsory saving…
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Just a note - I hate compulsory super, so I'm not saying I think people are too stupid to save for themselves.
ReplyDeleteIt'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.
Hi Matt,
ReplyDeleteI never took it any other way. Perhaps I should change the heading to make that clear for those who might?
Or who might want to.
ReplyDeleteCool thanks. I just wanted to make sure I wasn't giving off the wrong impression is all :)
ReplyDeleteCertainly not in this office.
ReplyDeletei don't think the government is claiming to get the rate correct. they will just do it by trial and error. like everything else.
ReplyDelete