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So now the terrible superannuation situation in Australia has gotten worse as the Treasurer, the entirely unqualified Jim Chalmers has identified an opportunity: To legislate that superannuation funds need to fulfil certain requirements; namely investing in the white elephant projects dreamed up by the government of the day.
Not specifying that funds needs to maximise returns for members, or that funds are for retirement. No, that wouldn't satisfy their penchant for public policy prescription. Namely that we should be a collective working to a grand design as determined by a political elite.
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Now we've got further detail, the government wants to tax unrealised gains. That's the collective intellect of Labor; bereft of detail on a simple element of taxation policy, they're unable to explain how a paper gain in illiquid assets can be dealt with.
I'm pleased I didn't drink from the Kool-Aid and invested outside of super, even accounting for the tax benefits as they were at the time.
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@booboo said in Aussie Politics:
@voodoo said in Aussie Politics:
I’ve always been very careful to keep my super balance below $3m just in case something like this came up
Would be delighted if I had that option ...
@voodoo incested in sarcasm shares. Profits are unrealised.
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@NTA said in Aussie Politics:
@booboo said in Aussie Politics:
@voodoo said in Aussie Politics:
I’ve always been very careful to keep my super balance below $3m just in case something like this came up
Would be delighted if I had that option ...
@voodoo incested in sarcasm shares. Profits are unrealised.
?
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@voodoo said in Aussie Politics:
@booboo I’m hoping he meant invested, but I can’t be sure
You are from Palmy
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he's grade A fuckwit but what's he done now?
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@voodoo said in Aussie Politics:
@booboo said in Aussie Politics:
So, don't get drunk and tweet.
Exhibt A:
I had the same thought, then I saw that he sent it at 10:13am…
My point stands ...
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@mariner4life said in Aussie Politics:
he's grade A fuckwit but what's he done now?
One of the few websites that quote his tweet...
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lol fuck. Imagine how hard you have to fuck up for Pauline Hanson to call you out?
Has Latham been checked for a tumour or something? His general behaviour borders on deranged.
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@mariner4life said in Aussie Politics:
he's grade A fuckwit but what's he done now?
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@mariner4life said in Aussie Politics:
lol fuck. Imagine how hard you have to fuck up for Pauline Hanson to call you out?
Has Latham been checked for a tumour or something? His general behaviour borders on deranged.
I think it all stems from when he managed to lose the election. Up until his brain fart, he was going to be Prime Minister.
I'm astonished that a seasoned politician actually wrote what he thought. One thing to think it, another entirely in this day and age to say it. Might as well have had a go at the Jews at the same time. Lunacy.
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@antipodean said in Aussie Politics:
I think it all stems from when he managed to lose the election. Up until his brain fart, he was going to be Prime Minister.
That’s debatable.
Before that said brain fart he made a couple of very big political errors during that 2004 campaign. None bigger than doing the deal
with the devilwith Bob Brown in Tassie. He went down there and did a walk through a forest with Brown talking about conservation etc.A day or so later John Howard was down in Tassie in a packed hall of CFMEU members telling them that he would save their logging jobs. Tassie seats of Braddon and Bass turned to the Libs on massive swings.
The polling in Sth Aust was that Latham didn’t resonate and Labor lost a couple of seats and there was a swing overall against them.
Aussie Politics