40 year plan

By: geoffreykelley (Registered ) on 05-11-2007 10:04

Alank, you lament the Liberal Govts. ability to forward plan. 
Have you read Costelloes Inter-Generational reports he produces each five years? He is planning well into the future. IGRs came out in 2002 and 2007 and plot our future for the next forty years.  
 
See www.treasury.gov.au/igr/ IGR2007.asp 
 
You asked, "Of the billions in Superannuation Fund investment portfolios, could not some be farmed out as venture capitol? (sic) Some of the returns could be phenomenal." 
I don't agree. I don't believe that the workers future savings should be gambled with. I believe that responsible fund manager should do their best to maximise the returns to their contributors. 
 
The Howard Govt has kept interest rates low for the last eleven years. There is plenty of venture capital available. The whole world is awash with investment funds. The way you ensure that there is plenty of venture capital is to keep the interest rates low. 
The current interest rate is lower now than at any time during the 13 years of the Hawke/Keating Govt. and less than half of the highest rate of 17.5% 
Tax rates are now so low that tax avoidance is quite expensive, so more capital is freed up. 
 
Please give credit where credit is due. 
 
Geoffrey Kelley

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