So now the majority are now ok with the fact that both Albanese and Chalmers clearly lied about NO changes to super if they won the election.
Just highlights that envy politics are alive and well in Australia.
People are happy for higher taxes as long as they aren’t personally affected and don’t seem to give a rats about the lies.
Another lie by Chalmers is that concessional tax will double but in fact the CGT component will Triple going from 10% to 30%.
The proposal is that notional growth that is unrealised will also be taxed at 30%.
This is outrageous as anyone with a brain knows that capital values can go down as well as up due to market volatility.
What moron in Treasury came up with this and I don’t think the Polly’s even understand what a nightmare this would be to manage.
This is only the tip of the iceberg as Jim is coming after more and more of everyone’s hard earned saving’s.