Political cowardice on ‘self-funded’ super
With the PM announcing a raft of new spending initiatives people are asking ‘how will she fund it?’
The cost of super tax concessions is set to blow out from $30 billion per year to $45 billion per year. This blowout alone is enough to fund Gonski, NDIS and Denticare and still have change left over. Why are 37 per cent of these super tax concessions being issued to the wealthiest 5 per cent? A protected species in the political debate.
To read more in Richard’s Australian Financial Review OpEd click here.
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