To paraphrase the lyrics of Billy Joel: modesty, is such a lonely word; everyone is so untrue.
Recently releasing the draft legislation to double the tax rate on higher-balance superannuation accounts, Treasurer Jim Chalmers described the change as a ‘modest adjustment… (that) will affect only a handful of people’. This is far from the case and unfortunately, this change will have significant implications and is far from ‘modest’.
Already a subscriber? Log in
Black Friday sale:
10 issues for $1
Get 10 weeks of full access to the latest news and opinion – in print and online – for just $1.
Offer ends soon.
- The magazine delivered to your door weekly
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock more articles
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Black Friday sale: 10 issues for $1
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
CLAIM OFFER 10 issues for $1Get 10 weeks of full access to the latest news and opinion – in print and online – for just $1.
Already a subscriber? Log in