Guv’ invites wealthy to suck Australia dry

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By Leith van Onselen

Fairfax’s Peter Martin is on point this morning urging the Abbott Government to plug the Budget deficit by unwinding Australia’s overly generous and highly inequitable superannuation concessions:

…as Hockey puts it, “the government is spending $100 million more than it collects every day. It has to borrow that $100 million per day just to pay its bills”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.