Democracy 4

Democracy 4

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Superannuation Guarantee
   
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Oct 10, 2020 @ 3:32pm
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Superannuation Guarantee

Description
Superannuation is a specified mandatory amount of an employees wages that employers must contribute to their nominated retirement account(s). It is a way of easing the burden off state pensions and was introduced in Australia in 1992 and sits at 9.5%.

This mod adds 2 new policies, both in the Tax section:

Superannuation Guarantee - This is the actual 'Super' policy, over time it drastically increases private pensions and decreases the cost of state pensions, as less and less people are required to go on state pensions. It angers capitalists who don't like that employers have to pay for employees retirements and socialists like it because it is a way of distributing money from the profits of large companies to workers.

Private Pension Tax - In Australia this is called Super Tax and is set at 30% and is a tax levied on the capital gains and profits of private pensions. This makes up a significant amount of the revenue generated by the federal government as all retirement account assets in Australia total $2.9T making Australia the world's 4th largest holder of retirement assets.

If you have any suggestions about adjusting the effects, please comment below. Also, yes, if it wasn't obvious, I am an Aussie.
8 Comments
FuntCase Jun 14, 2022 @ 8:22am 
nah yeah
BigDaddyStalin Aug 23, 2021 @ 7:11am 
Super should increase GDP slightly, decrease foreign investment and reduce uncompetitive economy, not increase it. It should also slightly decrease property prices. - this is all according to the Aus Gov's reports on the effects on Super to the economy.

https://www.superannuation.asn.au/ArticleDocuments/359/1506-Super_tax_concessions_and_economy.pdf.aspx?Embed=Y
yootaah Jun 9, 2021 @ 5:37am 
Hey, the superannuation policy wasn't too opposed by capitalists, as it allowed greater private entry into the greater 'pension' market in Aus. That's also why PJK was so keen on introducing it. Maybe reduce the antagonistic reaction from them?
pointman Apr 2, 2021 @ 9:14am 
How about a policy where the government only enacts the law without controlling or taxing, you know, like the 401K and IRA plans in the U.S. These are "policies" in game terms that allow people to save and invest for retirement without the Big G taxing the shite out of the individual or the company they work for. IRAs also work for the self-employed. Policies like this would also reduce the pension costs, and increase GDP (reflecting the amount of investment capital available) however, they would please conservatives, capitalists, and liberals, and upset the commies and trade unions.
RookWilt Nov 22, 2020 @ 5:51am 
Please do something to update this mod to work with the game after the latest update as it no longer works this mod was great to fix my budget deficits due to pensioners taking up a massive slice of the pie, I found on average it would slash an easy $10B AUD from the budget
TevoTFM Nov 4, 2020 @ 8:54pm 
Intersting.
TheUnknown Oct 24, 2020 @ 5:09pm 
Retired are so hard to piss off though sack lmao I just cancel the pensions
Sack Wack Oct 11, 2020 @ 4:12am 
Fellow Aussie here, exactly what I was looking for. Dam pensioners were bankrupting my Utopia! lol