>>Compulsory contributions are an anathama to private property and private property is the key to liberty. My opposition is based on principle.
And there you have it. My interest in the Australian scheme is that it works.
Some might also consider that knowing the fund isn't about to run out of $, has a positive effect on liberty and self-confidence.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1