Don’t let rich old men tell you the planned super tax is good
Once the government opens the door to taxing unrealised gains, there’s little stopping it from extending this logic to other areas. That should give all Australians considerable pause.
Last fortnight in The Sydney Morning Herald, Ross Gittins praised the Albanese government’s proposed changes to superannuation taxes, declaring: “Don’t let rich old men tell you the planned super tax is terribly bad”.
His argument essentially boiled down to this: don’t listen to the critics, just trust me (a different rich old man). According to Gittins, this reform is about fairness. But a closer look reveals deeper problems with the policy that should concern all Australians, especially young people just entering the workforce.
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Maria Kovacic is a federal Liberal Senator for New South Wales.
