The problem with your way of looking at the imputation system is that it does not take into account that the rules were laid out for all to see and people made decisions about their retirement with these rules in mind. Changing the rules now becomes a sort of retrospective "tax". If the rules were different then maybe people would have set up their self funded retirement differently. A better approach that many would have found much more palatable would have been to cap the amount that could be taken tax free. That way those that were on low income who weren't getting a lot of this as a tax credit wouldn't have been affected. Labor ignored its own constituent and went all in with this and paid the price. Another even better solution would have been to grandfather the system. Simple.
I also take offence at the way you classify some who worked hard and paid taxes as entitled because they are getting a freebie. They never broke any laws and just did what the Government allowed them to do. The Government wanted people to become less reliant on the pension because even though it's not huge money, it costs the government zillions because so many people are on it. The less people the better. And there is no more freebie than the pension itself of course. In some countries, the pension is given to all irrespective of your income. The reason being, if you have worked all your life and saved your money, why should you be given less by the government than someone who spent all their money or even didn't work that hard? As you can see there are different ways of looking at things and it's not necessarily self interest that dictates views.
Correct. MT like those ALP trolls probably label these type of people as cheats who have rorted the system. The system is there so they took it. Perhaps it's best they didnt take advantage of it and instead hit up the aged pension. That would be a better option for our economy.
The reason the ALP lost is they tried to tax their way to victory and failed. They confused the voters with their arrogance.
MT doesnt seem to understand that a lot of those seats that swung the most were low income earners, and they are exactly the ones who stood to lose the most out of this so called rort.
Low Income Retirees should have been included in the exemption list, but ALP are not fit to run a country, so it's beyond them to think policies through.
Shorten ruined any large swings in Victoria. In fact if it wasn't for Andrews the Libs would have picked up an additional 5 seats IMO. He saved them from being whipped out for the next election too.
