Your idea works great as described. The system has grown beyond that though. Capitalists receive these IOUs because they own a portion of a company that owns a thing that neither the company nor the capitalist has ever had anything to do with. They receive these IOUs in perpetuty, but they never provided any contribution to the creation of anything.

Then you stack this a billion times, with IOUs servicing IOUs, amplifying the amount of IOUs, and skimming IOUs at every point from people who actually do the work, just to increase the number of IOUs held by a handful of people, until those people who contribute nothing, now hold the majority of the worlds IOUs.

This is fucked.

It’s pretty obvious, it’s right there in the name, capitalism.

Shit sucks.

Ugh, no.

The liberal party are terrible, I don’t want them to start claiming they’re in support of net zero. Because that’s all it would be, a claim. They would continue to push for more emissions and continue their anti science bullshit, just not publically.

I never want to see these fucks in power again.

That’s absurd. Reporting super details to the government for 80,000 Australians would not be a significant ongoing cost for any competent provider.

There would be an initial cost to develop the reports, the ongoing cost would be minimal as it would be spread across the existing costs to maintain their reporting infrastructure.

If somehow this is true for some super providers, you should avoid those providers as they are already operating with incredible inefficiency.

I do wonder how it would work for those in defined benefit schemes, but I doubt any of those are above the $3m threshold.

The constant chase of productivity increases can make sense, but only if you’re not trying to increase output at the same rate.

We should be trying to reduce the total amount of work done, while increasing the quality of life of all Australians. If that is the goal then productivity increases are a win for everyone.

Tofu is pretty good when prepared well. Very low chance of contracting some fucked disease too.