Hanson joins Budget war on youth

Advertisement

By Leith van Onselen

Pauline Hanson has today vowed to oppose the Turnbull Government’s superannuation reforms, claiming that the Government should cut spending rather than unwinding superannuation concessions. From The Australian:

“Superannuation, I don’t believe in the government’s policy. Leave the superannuation alone,” the incoming Queensland senator told Sydney’s 2GB radio.

“You should be encouraging people to save, put the money away; you can’t keep changing the goalposts every couple of years. People want to know that it’s there, they know what to do for their future.

“It’s not the way to go and they reckon they’re going to pull in some money. There’s other areas that they can actually control the spending.”

Righto, Ms Hanson wants rich older people’s superannuation balances to remain tax-free. So what areas of public expenditure should be cut then? How about the Aged Pension? Nope:

One Nation’s policies on aged pensions:

• We propose an increase of $100 per fortnight for a single aged pensioner and $150 for a couple.
• We do not support increasing the age of entitlement to 70 years of age.
• We will oppose the family home as part of the asset test.
• Review the entitlement of people with more than 5 acres receiving the aged pension and health benefits.

One Nation believes in supporting and taking care of our own, who have contributed to this great nation and not those who land uninvited on our doorstep and immediately receive medical, welfare, housing, phones, and cigarettes.

Advertisement

To summarise, Ms Hanson supports an increase in old age pensions and no changes to Australia’s ridiculously generous and inequitable superannuation concessions.

Ms Hanson must, therefore, support younger Australians bearing the full burden of expenditure cuts and Budget repair and is a card-carrying member of the war on youth.

[email protected]

Advertisement
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.