Superannuation is a concept whereby arrangements are made for the community in general to fund the retirement of individual workers by the use of a new form of tax on the community.

I call this a 'dtax' (diversionary taxation) because it uses the government parliamentary power to extract money from the community but instead of receipting this in government custody for the general benefit of the community as a whole, it instead directs the resultant income into private fund.

In this way parliament has delegated one of it historic function - caring for its aged community, to a the private sector. This is achieved via a consumption portal where the cost of services and products include this super levy (dtax) into thier sale price. This dtax is aditional to GST.

This money collected, is in theory held on behalf of individual workers and is managed by the Fund until such individuals achieve retirement age.The objective of this strategy was said by government to eventually relieve governments of their traditional burdens of providing financial security to individuals reaching an age where they are no longer effectively productive and thereby cease to have income

The other arm of the strategy is to have the superannuation funds invest the collected money, held on behalf of individuals, to protect it’s spending power and where possible, magnify its value so as to be supportive to then in old age.

With some superannuation schemes set to collecting up to a mandatory 12% of the annual earning capacity of the individual, it was not long before the super funds had assets of trillions of dollars with annual incomes, measured in tens of billions.

The compulsory investment of these billion of dollars every year regardless, has had a detrimental effect upon both the share and residential property markets.