The Oz continues super dummy spit

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By Leith van Onselen

Another day, another dummy spit from the The Australian, whose editor has this time attacked the Turnbull Government’s proposed superannuation package on the grounds that it will discourage savings and lead more people onto welfare:

Scott Morrison and Revenue and Financial Services Minister Kelly O’Dwyer are digging in against the revolt, insisting the government’s election policy is essential for ­budget repair. The problems of the proposals were summed up on these pages yesterday by Janet Albrechtsen, who cited the objections raised by former Treasury official Terence O’Brien in a letter to The Australian after the budget. Mr O’Brien detailed how the changes would reverse four decades of certainty for investors…

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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.