>Who is right, and why does Keating want to raise super contributions anyway?
Both are right, nevertheless they may know something that most do not. The Paul Keating administration instated the superannuation scheme as they had forecasted the unprecedented amount of boomers entering retirement in latter years. It would seem that it was too much for their liking and incomparable to such an amount of retirees (le boomers) applying for the aged pension. It appears that superannuation was to "alleviate" the social programs budgets for neoliberal projects.
The Reserve Bank while being a crypto-Rothchild bank (oh but its independant, pft!) tends to be less susceptible to librul (as in libruls not LNP) skullduggery and thanks to Australia being relatively a backwater it can function as a bank to its purpose (security and prosperity of all Australian iirc) and not be a rig. Still, if the superannuation guarantee is raised workers (Pre-retirement Boomers, GenX, Millennials and GenZ) would call for higher wages to compensate and businesses referring to their "legitimate" reports as not being feasible arguing against it (the Reserve Bank has public and corporate people on the boards). And again, that extra money could have been allocated to consumption which would appear on the Reserve Banks reports for each quarter.
>I never really understood super, it just seems like a way to force workers into propping up financial markets.
Superannuation tends to be mutual, having said that sending your superannuation to a financial institution (like ANZ) procures lower funds than an industry Superfund. Its lower as much more of the yields get paid to financial institution shareholders and financial advisors; industry superfunds reinvest the yields to members ie "you". There are also Self Managed Superfunds delegated to financial advisors and customising allocation of funds. Mark Blythe suggested (or forecasted) that Superannuation funds could be used to fund public companies, they already are more or less. Perhaps by consolidating industry superfunds there could be a sovereign wealth fund.
imho there ought to be a jubilee and job market fluidity for GenX, Millennials and GenZ (hurr durr you want the dumbest guy to get a better job by 4pm - YES! Hurr durr you want some NEET to waltz into a well payiung job after playing vidya and cooming - YES!) among other things. Australia tends to be one of those countries that if you had it "easy" its going to be hard later and if you had it hard its going to be easy later. Boomers had it easy for 30-40 years and now with pension freezes and tanked markets its going to be hard and dissonant for them, like mental breakdown kind of thing.
This guy >>884313
also quote the refutations of Dengists/China and absolutely insist that you refuse to be a useful idiot and 5th column for China. If you argue with rabid boomer just tell him something like 'I want to join a union! Not a billionaires club who think they own me!' and mean it.