What has clearly happened in America is that its comparatively free labour markets have been allowed to factor additional labour costs back into lower take-home pay. Whereas in Australia the Industrial Relations Commission and trade unions have sabotaged this process resulting in these additional costs being factored into unemployment instead. A moment's reflection and anyone with some training in economics should quickly realise that what has been discussed here is just imputation. In other words, by applying imputation theory to labour I have merely taken the concept to its logical conclusion. The ramifications for a goods and services tax should be self-evident.
Superannuation is a pension fund to which employees and employers make regular payments.
As we have seen, the reality is that it is the employee who actually pays all of the super contributions. The sole exception can be government employees. In this case the ruling politicians can raid the incomes of others and use is it to fund the super schemes of favoured government employees. These are obviously transfer payments. The more cynical among us might call it theft and bribery .