Thu
Dec 4 2025
09:24 am
Trump said he’s looking into an Australian-style retirement program for America. Here’s how it works
Trump Considering Australian-Style Retirement Plan—But What Is It?
|
Topics:
|
|
Discussing:
- Bernie Sanders vs AI (1 reply)
- SoKno discombobulation continues (2 replies)
- Execution failed!!! (3 replies)
- GOP Senator "deserves the obloquy" (2 replies)
- AI company going public says "existential risks to humanity" (2 replies)
- Michaela Barnett for Congress TN-02 (2 replies)
- Timing is everything (2 replies)
- Presidential protest? Deja vu? (3 replies)
- Republican midterm strategy 2026 (2 replies)
- Kerbela Development: Understanding the Appeal and What Happens Next (1 reply)
- 865 Neyland Entertainment District announcement (3 replies)
- Federal court rules Constitution doesn't guarantee clean water (2 replies)
Upcoming events:
- Nov 5 2026 - 5:30pm (2 weeks 2 days from now)
TN Progressive
- Tues., Oct. 20, 2026, Free Flu Shots at Blount County Health Dept. (BlountViews)
- View from the Overlook (Whitescreek Journal)
- Alcoa property taxes will probably not go up (BlountViews)
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
- Massive Security Breach Analysis (RoaneViews)
- (Whitescreek Journal)
- My choices in the August election (Left Wing Cracker)
TN Politics
- With 2 weeks until midterms, analysts say Dems still on track to win US House majority (TN Lookout)
- Ukrainians and Sudanese with temporary legal status will keep protections for now (TN Lookout)
- Tennessee GOP senator says ‘no basis’ to expel her from caucus (TN Lookout)
- Attorney General touts success of Trump task force in Memphis (TN Lookout)
- Democrats could flip legislative chambers, break GOP supermajorities, analysis finds (TN Lookout)
- Here’s how the No Kings day of action urged early voting (TN Lookout)
Knox TN Today
- Tennessee can play at home; it may can win on road (Knox TN Today)
- Trooper Cedric Roach works to alter behavior, reduce fatalities (Knox TN Today)
- Game Ball: Don Grogan tops the writers in Tennessee’s win over Alabama (Knox TN Today)
- Meet Adonis: Monday’s Parent-A-Child (Knox TN Today)
- Monday Connections: Fall events, community helpers and discoveries (Knox TN Today)
- Boyd Foundation gives $2 million to Knoxville Children’s Theatre (Knox TN Today)
- High school football: Playoff stakes rise as East Tennessee teams enter final stretch (Knox TN Today)
- Mission Monday: Hillcrest Healthcare Foundation puts art and compassion to work (Knox TN Today)
- Presumption of innocence under threat (Knox TN Today)
- World Polio Day: October 24 (Knox TN Today)
- Vols dominate Tide; fans launch $500,000 celebration (Knox TN Today)
- Faith Along the Way: Budget (Knox TN Today)
Local TV News
- 21 dogs euthanized in Monroe County following 2025 attack that severely injured woman (WATE)
- 'In Her Shoes’ simulation in Knoxville highlights challenges faced by survivors of domestic violence (WATE)
- Covenant Health helicopters take flight to speed up medical transport in East Tennessee (WATE)
- Heart disease is Tennessee's number one cause of death. What cardiologists want you to know (WATE)
- Kelsea Ballerini helps bring healing power of music to Dolly Parton's Children's Hospital (WATE)
- Man accused of trying to enter Tennessee-Alabama game with stolen security uniform (WATE)
News Sentinel
State News
- Public access to creek could have to wait more than a year after second sewage leak this month - Chattanooga Times Free Press (Times Free Press)
- Alabama ‘pissed off’ with offensive performance at Tennessee - Chattanooga Times Free Press (Times Free Press)
- Scientists spot a record-breaking crater on the moon - Chattanooga Times Free Press (Times Free Press)
- Woman’s body recovered from water at Chester Frost Park - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- ‘Help me!’ Video of ICE violently detaining man who says he’s U.S. citizen sparks outrage - Los Angeles Times (US News)
- Nvidia-backed Nscale, Anthropic in talks for new $45 billion AI cloud deal, source says - Reuters (Business)
- Gun used in Oregon elementary school shooting was birthday gift from shooter's mom, sources say - CBS News (US News)
- Elon Musk Says He Will Give a SpaceX Share to ‘Every Kid in America’ - The New York Times (Business)
- Mississippi attorney general says officer's force was justified in death of 1-year-old Kohen Wiley - PBS (US News)
- Judge chastises Trump administration plan to push ahead overhaul of DC golf course - NPR (US News)
- Germany's Merz urges AI investment ahead of Nvidia deal - Reuters (Business)
- Justice Department charges more than 2 dozen in California sweep targeting alleged noncitizen voters - AP News (US News)
- Stock futures rise slightly after tech shares rebound to start the week: Live updates - CNBC (Business)
- The Treasury’s financing plans are sparking anxiety on Wall Street - MarketWatch (Business)
- Over three dozen Congress members’ offices targeted with white powder envelopes - The Guardian (US News)
- Latest Climate Report Warns of Major Upheaval to California Way of Life - The New York Times (US News)
- Netflix's Co-CEO Ted Sarandos Just Gave Investors Bad News Before Earnings - Yahoo Finance (Business)
- DA’s Office to review deadly crash at Wichita soccer game this week - KSN-TV (US News)
- OpenAI employee accused of bugging had links to Saudi royals, prosecutors claim - Financial Times (Business)
Local Media
Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
Search and Archives
TN Progressive
Nearby:
- Blount Dems
- Herston TN Family Law
- Inside of Knoxville
- Instapundit
- Jack Lail
- Jim Stovall
- Knox Dems
- MoxCarm Blue Streak
- Outdoor Knoxville
- Pittman Properties
- Reality Me
- Stop Alcoa Parkway
Beyond:
- Nashville Scene
- Nashville Post
- Smart City Memphis
- TN Dems
- TN Journal
- TN Lookout
- Bob Stepno
- Facing South

Australia has a population of
Australia has a population of 27 million [just over the population of Florida, less than the population of California and Texas], while the United States has a population of roughly 343 million.
Did you know that Australians are required to vote?
Since 1924, Australian citizens over the age of 18 have been required to vote in federal elections, by-elections and referendums. (It was only in 1984, however, that voting became compulsory for Indigenous Australians.)
Social Security is financed through a dedicated payroll tax. Employers and employees each pay 6.2 percent of wages up to the taxable maximum of $176,100 (in 2025), while the self-employed pay 12.4 percent.
Can you imagine how businesses in the U.S. Will respond to this idea?
Already?
Isn't our Social Security financed through a dedicated payroll tax? Until it didn't get locked in the lockbox?
"Superannuation, or “super”
"Superannuation, or “super” for short, is Australia’s flagship retirement savings program.
Employers are required to fund employees’ savings accounts, which are invested in select funds — known as super funds — that are locked up until retirement. The employer-funded contributions are made on top of paying employees their regular income. Employees can also contribute to their own savings account.
Employers must contribute the equivalent of 12% of an employee’s income into these super funds — a gradual increase from 3% when the modern superannuation program was established in 1992.
“There is no opt out,”