Bigger, older, hotter and deeper in debtBY ALEX DUNNIN | WEDNESDAY, 4 OCT 2023 8:35PM While cynics may see the latest Intergenerational Report (IGR) as a futile exercise because projections, by their nature, never come true, it's one of the most important economics ... Upgrade your subscription to access this article
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Given the obvious foresight of Paul Keating in establishing our super system, present and future governments must resist the temptation to "loot" it. Perhaps a referendum to include the super system as a constitutional right of Australians would stop the tinkering which has and continues to undermine the confidence of the people. Given the Total Super Cap and the Transfer Balance Cap no further creeping taxation of super should be necessary or acceptable. Rising health care costs may need Medicare, which is funded by tax paying Australians, to be adjusted to capture the tax-free super income streams that future retirees will enjoy. Perhaps 1.00% of gross income from all sources rather than 2.0% of taxable income.