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.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Super-powered nukes: Is your superannuation funding weapons of mass destruction?
When you choose your superannuation fund, you’re probably not thinking about weapons of mass destruction. But it might surprise you to learn that if you’re with one of Australia’s largest funds, your money is going into the production of nuclear weapons. Research published last month by Quit Nukes and The Australia Institute found that 13
The changes to superannuation tax concessions are needed and very fair
The arguments against the government’s changes to the taxation of superannuation are nothing more than lies and fear.
Politics and property – how our leaders are among the privileged using legal loopholes to build their wealth
Not so long ago, former Liberal prime minister Malcolm Turnbull was branded “Mr Harbourside Mansion”, a moniker bestowed upon him by his own side of politics.