They should index it to inflation. Otherwise it is an underhanded way to start taxing most people in the future.
Opinion: Labor’s tweak to superannuation affects only the wealthiest Australians. To argue against it is misguided
Submitted 4 weeks ago by dwazou@lemm.ee to australia@aussie.zone
Comments
DavidDoesLemmy@aussie.zone 4 weeks ago
Tau@aussie.zone 4 weeks 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).
DavidDoesLemmy@aussie.zone 4 weeks ago
It also smells a bit that politicians are exempt.
thatKamGuy@sh.itjust.works 4 weeks 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.