Labor’s ‘eat the rich’ super tax will swallow young people’s hopes
Jim Chalmers is pretending to be a modern-day Robin Hood taking from old fat cats. In truth, Labor’s super tax will see younger Australians eaten by their own government.
“Eat the rich” may be the guiding principle of Labor’s new superannuation tax, but aspirational young Australians will be gobbled up instead.
At first blush, Labor’s new super tax reflects the politics of class conflict in the spirit of French philosopher Jean-Jacques Rousseau, whose phrase “eat the rich” warned that the poor may take the heads of the rich who build wealth at their expense.
