The libertarians are having an ‘I told you so’ moment.

A friend of mine who has long championed not putting one more cent into superannuation than the law requires, has been walking around in recent days with a smug grin of Cheshire Cat proportions.

‘If you think allowing any government to control your savings is ever a good idea, you deserve everything you get,’ he chortled.

Schadenfreude perversions aside, I have to admit he is right.