Brogden threatens mining style ad campaign

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Today’s vested interests threat comes from the super industry:

Financial Services Council chief executive John Brogden has threatened to start an advertising campaign like that used against the mining tax if Treasurer Wayne Swan goes ahead with plans to scrap tax concessions on super contributions for high-income earners.

“What we’re making very clear to the government is they need to come out now before the budget and tell us what these changes are,” Mr Brogden, who is also a former NSW opposition leader, told the ABC’s 7.30 program on Wednesday.

I’m not sure Brogden cuts an altogether threatening figure but having been Opposition Leader in the NSW Parliament you would think he might have a stronger sense of civic duty.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.