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> lol, please tell me you're not talking about the "Future Fund". What other sovereign wealth fund is there? It's not even capable of meeting future public se
by Grimburger 3y ago
> lol, please tell me you're not talking about the "Future Fund".
What other sovereign wealth fund is there?
It's not even capable of meeting future public servant pensions, this is unequivocal and openly talked about in the 2023 budget. The Future Fund is $70B short to simply break even on it's liabilities.
> given the Big 4 have been fleecing the government for a very long time, partly due to no interest in stopping them
Again, you are making the claim that the public service can do it cheaper? Do you have any evidence to back that up? I don't disagree that the Big 4 consulting firms are making out like bandits with taxpayers money but it's fair to ask whether the public service can do it for cheaper. Simply assuming that is the case comes across as very ideological rather than an evidence based opinion. Public servants have much higher wages and super costs than the hordes of young employees at consultancies, it doubtful they can produce more per hour to make up for the difference.