Misleading fear campaigns may kill Labor's superannuation changes. But here are the real numbers | Greg Jericho

Contributing sentiments towards policy:

57% : Increasing the tax rate on superannuation balances above $3m would affect less than 1% of the population - and yet it is still unlikely to passAustralia's superannuation is a broken system that works to give the richest 10% over $20bn a year in tax breaks, while nearly a quarter of retirees live in poverty due to the miserable level of the age pension.
55% : They do this purely to reduce the tax they pay on their business earnings and pretend it is about saving for retirement.
53% : We have a system which pretends even people as wealthy as Gina Rinehart need tax breaks to help them save for retirement.

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