BlackRock CEO calls for compulsory superannuation in 2024 letter to shareholders
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- Опубликовано: 30 сен 2024
- BlackRock Chief Executive Larry Fink, in his 2024 letter to shareholders, said the United States should consider Australia’s example of compulsory superannuation to overcome a looming retirement crisis.
He says Australians likely have more retirement savings per capita than any other country.
“Australia’s experience with Supers could be a good model for American policymakers to study and build on,” Mr Fink said in the letter to shareholders.
“Arguably, the biggest barrier to investment for retirement - or for anything - is fear.”
This is not the first time compulsory superannuation has been suggested in the United States.
It was suggested, then rebuffed, by US lawmakers back in the 1990s.
Wouldn't ever give a penny to this wannabe delusional tyrant.
This guy is responsible for the DEI discrimination and its consequences by forcing companies behaviours.
He wants to control human behaviours and plays with it like a mad scientist just because he can through his huge funds.
I wonder why he is still not in jail.
Yup.... and in case people don't know how his finds got so huge.... look in the mirror.... the government has been putting all our money in his pockets for years... he is the 4th branch of government, we pay him to destroy our childrens future...
Exactly... amd how did his fund get so big? Everyone look in the mirror, the government has been giving our money to him... yup, he is the 4th branch of government, we pay him to destroy our country.
Exactly... and how did his fund get so big? Everyone look in the mirror, the government has been giving our money to him... yup, he is the 4th branch of government, we pay him to destroy our country.
or worse
This guy is the reason why “go woke get broke” became a household name.
Blackrock a major wef player, not working for the good of us minions
BlackRock are the WEF
Have nothing to do with Blackrock or vanguard
There also have a big share in Woolworths , I sold out after the no Australian 🇦🇺 flags sales stance
We don't have a choice, the Government gives him our money... which he uses to destroy the country... great system isn't it?
We don't have a choice, the Government gives him our money... which he uses to destroy the country... great system isn't it?
@@sterlingcollier6489 what happened? They banned your own flag in their stores?
@@daveweiss5647Pretty much, On Australia Day 🇦🇺 26/01 they refused to stock the shelves with Australia Day items, flags, stubbie holders, caps, shirts etc;
They said it was because they don’t sell enough of these items to make it profitable to stock.
Of course he does, who will end up with ever larger sums to "invest".
This man and his ilk are not your friends .Don't trust a word .
what a load of rubbish - compulsory super benefits super companies and the taxman only, not regular Aussies
Yeah right.
lol don't listen to the Jew that can't be trusted.
@@bretloyd8097So you like the idea of superannuation being invested in markets and projects that people like Larry fink wouldn't touch with a ten foot pole?
@@bretloyd8097 DontTrusJews that use super artificial intelligence like their Aladin.
@@rogueelement8831 Clearly you are a dope, or can't/didn't read the original comment or mine. Go away
Communism.
I think that Mr. Fink has a lot more to worry about than America’s retirement system by that I mean, looming fact that Donald Trump is going to take back the White House and I’m sure he’s going to make Mr. Fink regret the idea that he tried to push on this country by means of rag and dei he is going to find that his hedge fund management company is going to be in serious trouble
Does your story end with...and they all lived happily ever after?
Humour surely.
If superannuation was made compulsory in the USA, of course more money would now be funneled and made more readily available for Blackrock, one directly into their own super fund and two, like current banks in Australia/New Zealand - banks own super annuation funds that use black rock as their investment outlet... Clever.
Exactly. Blackrock & Vanguard would get to clip the ticket on all the additional funds under management.
Funny how every system they think of coincidentally benefits them isn't it?
You do have super it's called social security that's your version of super in Australia same thing retirement funds
Gosh. This is the man who rules the world!!??
No that's Reichsmarschall Rothschild
Not quite.
It’s about time our gov put these unelected corporations in a box and shut the lid.
Please government hold my hand I can't do things for myself.
...shades of Robert Maxwell.
Gisselle's father! He was bumped off, fell overboard yeah sure!
Blackrock? You serious? Because they care about you no doubt
Public private partnership
True meaning of fascism
So what?? Then they can have access to your Super down the track???
So they can use your money to invest in stocks and shares.
Like renewables and all that crap.
I'd mail him an early yule log that's all he's worth
So they can control our superannuation
Know more about Blackrock than other people do.
Scared of them too then?
No thanks, money belongs to the people that earned it. Why let some other entity invest (and a large, powerful one at that with a shady history) in it for you when us people can invest in it ourselves? Hmm? Nice try though, but some of us people aren't so asleep and gullible.
Compulsory so he can hold us to ransom with it.
Do not have your super with an industry fund they are union run and owned.
No overseas companies should have a say on how Australian companies are run.
Hey Larry Fink get bent glad i pulled out my Super out year's ago
Ok Boomer
@@bretloyd8097OK Zoomer.. Tool.
@@bretloyd8097OK Zoomer.. TOSSER.
@@bretloyd8097OK Zoomer...
@@TheWholeSystemIsCorrupt hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha hahahaha!
Whatever this guy says to do….Do the opposite
Blackrock doesn't like self directed 401k retirement plans that have existed in America since the late 1960's.
Far better for Blackrock if the US adopts the Australian model where superannuation funds manage all the investments, instead of the individuals.
Because BlackRock needs a great deal of money. 😅
They have a great deal of it, they are WEF members all of them, and have a setup in Davos that nobody is allowed to stand in front of!
What a fink
Love Larry.
Hate super. Advisor has lost 25% and eaten as much as possible in fees. Plus I’m middle aged man. Never going to get to appreciate my super. Theft.
I ain't a fan of Mr. Fink but he said something interesting in the recent news, his no#1point to his investors is buying bitcoin via the EFT of course. But also Ethereum is going to be a massive BlackRock investment.
The biggest barrier for working class people to "invest" is not fear, it's not having the fu#*ing money left over after doing shopping and paying bills!
Will never happen in USA .
Compulsory superannuation could significantly impact retirement planning strategies. Diversifying investments beyond traditional avenues may be crucial to adapt to potential shifts in the retirement savings landscape.
Personally I think Australia's compulsory superannuation funds have been pretty successful. I also think if there was a global "black swan" event, the government wouldn't think twice about seizing those trillions invested for their own purposes.
Who does mr fink take his orders from ?
From the mirror!
Ppl that shouldn’t exist. That dude