The architect of Australia’s compulsory superannuation system, Paul Keating, has spread more super lies, claiming that if the legislated super guarantee was halted at 9.5%, it would be “a retiree’s tax on a grand scale”. From The AFR:
“It would be a retiree’s tax on a grand scale. Right? Not the hundreds of thousands with excess imputation credits, who the Liberals call the retiree’s tax, but a 2.5 per cent tax on 13 million Australian working persons. A real retiree’s tax,” he said.
“The Americans would call it grand theft”…
