Oh Jesus. Just how bad is this government?
Before you all go thinking that you're going to get another free hand out, you might want to read this article from the ABC's The Drum site.
The current taxation regime for superannuation is massively distorted in favour of the rich. (And no credit to the previous government for this!)
You see, the sting in the tail for the eventual increase to 12% compulsory employer contributions, (eventual because it wont reach that level until 2020), is that "...for lower income workers, with less bargaining power, the increase in retirement savings paid by the employer will likely be offset by lower wages during their working lives."
So the rich will keep their perk whereby they can reduce the amount of tax they pay by putting more of their income into superannuation schemes, while the poor will receive a token payment from the government at the price of lower wages.
But how many people will vote in the next election thinking that this "brave" and "reforming" government has taken on the "evil" mining companies and their so-called super profits, (and just what actually constitutes "super profits" by the way, and who decides what level of profit a business makes is or isn't reasonable?), to give them pots of free money?
My brain hurts.