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Opinion: Labor’s tweak to superannuation affects only the wealthiest Australians. To argue against it is misguided

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Submitted ⁨⁨1⁩ ⁨week⁩ ago⁩ by ⁨dwazou@lemm.ee⁩ to ⁨australia@aussie.zone⁩

https://www.theguardian.com/australia-news/commentisfree/2025/may/26/labors-tweak-to-super-affects-only-the-wealthiest-australians-to-argue-against-it-is-misguided

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  • thatKamGuy@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

    So it impacts individuals with >$3m in Superannuation - a whopping 80K people total?

    …and the media are covering it as if the Sky was falling? Yeah, sounds about right. Typical right-wing populist spiel, they are all for talking about improving things for the masses - but will rail against any baby steps made in the right direction.

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  • DavidDoesLemmy@aussie.zone ⁨1⁩ ⁨week⁩ ago

    They should index it to inflation. Otherwise it is an underhanded way to start taxing most people in the future.

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    • Tau@aussie.zone ⁨1⁩ ⁨week⁩ ago

      Agreed. Not indexing it seems a pretty deliberate move towards the same strategy as our tax brackets - capture more money each year due to inflation and occasionally make your government look good by raising the cutoff (by less than inflation).

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    • DavidDoesLemmy@aussie.zone ⁨1⁩ ⁨week⁩ ago

      It also smells a bit that politicians are exempt.

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