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Jessy Wu

If the super tax kills Aussie aspiration, our aspiration is too small

The horror claims aren’t just hyperbole – they’re cynical scaremongering and a waste of energy when there are real issues needing urgent responses.

Tim Wilson is hiring for an indefatigable campaign manager to defeat Labor’s super tax. The stakes are high: he says the tax will kill Australia’s innovation by “stopping investment in growth sectors … it will hit technology and finance start-ups especially hard”.

But if Australia’s aspiration can be killed by a move to reduce a tax concession on some 80,000 super accounts with balances over $3 million, then our aspiration is far too small.

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Jessy Wu is the managing director of communications agency Encour. Previously, she was a VC investor in early-stage tech companies.

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    Original URL: https://www.afr.com/technology/if-the-super-tax-can-kill-australia-s-aspiration-then-our-aspiration-is-far-too-small-20250524-p5m1ww