Labor’s super tax exposes a conflict of interest at the top
You can tell Albanese and Chalmers have zero private sector experience, because their bright idea is so silly it wouldn’t be approved by any financial manager.
Anthony Albanese and Jim Chalmers lead a government obsessed with spending.
Their natural inclination is to throw money at every issue that comes across their desks. How the money is spent is secondary to the primary objectives of making the announcement and neutralising the political problem.
This governing style has broken the nation’s finances — the Treasury is forecasting a decade of budget deficits, while more than $100 billion is now being spent without transparency, in off-budget Labor fixations.
Inevitably, all roads lead to the same place under Labor governments: the need to massively raise taxes. We are seeing this writ large in my birth state of Victoria, and we are on the cusp of it in Canberra under the Commonwealth Government.
You can tell Albanese and Chalmers have zero private sector experience, because their first bright idea is something so silly it wouldn’t be approved by any financial manager in the country. Labor wants to tax the unrealised gains of superannuation accounts worth over $3 million.
