Fake pollies of fake left pick fake fight over fake tax reform

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When it comes to the fake left (and fake right, but they are not in power), it is all about symbolism over substance.

We’ve had to endure that fake housing fight in which fake Greens fight with fake Labor pollies over how to fake a fix for the housing crisis while making it ten times worse.

Today, another fake Green picks a new fake fight with fake Labor:

The Greens are threatening to block Anthony Albanese’s proposed $2.3bn tax hike on super­annuation balances for wealthy retirees, unless the government immediately adds the 11 per cent retirement payment to paid parental leave.

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Labor’s policy agenda is now at risk of being derailed, with its signature housing policy at a stalemate and relations with the minor party deteriorating, ahead of parliament resuming next week.

Greens senator Larissa Waters has opened up a new war with the Prime Minister by declaring the party would use its numbers in the upper house to demand superannuation payments on paid parental leave in return for supporting the government’s tax hike on large super balances, a key revenue measure outlined in the budget.

Come now. This is hardly a “war”. More like blowing froth off the cappuccino at one another.

The Albanese tax hike is hilariously inadequate. Superannuation tax concessions for the rich are worth $50bn annually and will cost more than the age pension by 2050. They grotesquely favour the rich, thanks to Peter Costello:

The Greens are right to demand more action on this front.

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Where they are wrong is that they are, as usual, pretending to care. Rather than demand the tax hike be quadrupled and ensure the proceeds are used progressively, they want to make a symbolic gesture to another minority interest group.

This is the fake housing fix all over again—a fake policy proposed by fake Labor fakely contested by a fake leftie from the fake Greens.

Hopefully, this phony war will bring on a fake election via double dissolution so the Australian people can express their fair dinkum contempt.

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But, somehow, I don’t think so. Under the fake is a real fear.

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.