@grogsgamut points out
#australia is
9th richest OECD country
5th highest rate (23%) retirees in poverty
2nd lowest level aged care pension
#poverty #inequality
#auspol
#laborgovernmentaustralia is trying to change tax so earnings related to superannuation balances (solely) ABOVE $3m would be taxed at 30% – still well below the top tax rate of 45%… this met by fear campaigns from vested interest groups & conservative #media #neoliberalism
“almost the smallest change that could be done – affecting less than 1% – and yet it is unlikely to pass.”
#taxtherich
#taxtherich
#taxtherich

https://www.theguardian.com/business/grogonomics/2025/jan/23/misleading-fear-campaigns-may-kill-labors-superannuation-changes-but-here-are-the-real-numbers-ntwnfb?CMP=Share_iOSApp_Other