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#superannuation

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@Garyb_spectabilis a little bit from an email from the Guardian

“Renewables might now be cheaper than fossil fuel in the vast majority of cases, but this makes them less attractive to capital, not more. Fossil fuels are uncompetitive and highly profitable. Renewables are highly competitive and not very profitable.

As a result, fossil fuel extractors will fight tooth and nail to prevent market forces from operating.”

Basically, you are not going to change these companies from within because they can’t afford to give up their business model.

Who’s the dole bludger now?
Turns out it’s not the single mum on JobSeeker — it’s the millionaire with a self-managed super fund.
Australia’s super system is flooded with tax breaks for the wealthy, costing the budget billions. This isn’t “retirement planning” — it’s taxpayer-funded wealth hoarding.

#auspol #superannuation #inequality

abc.net.au/news/2025-07-15/sup

ABC News · How Australia's superannuation system subsidises the wealthyAv Ian Verrender
Fortsettelse av samtale

Disappointing that the national broadcaster @abcnews can't use accurate language. “Accuses” suggests doubt, when the Treasurer is simply stating facts. Let me help:

Treasurer Jim Chalmers rightly points out that opponents of the ‘extremely generous’ super tax changes are spreading lies.

Treasurer calls out misinformation on super changes. Only around 80k Australians—those with super balances over $3 million—will be affected. That’s a tiny fraction of the population. Most people won’t notice a thing.

#auspol #superannuation #taxtherich #vestedInterests

abc.net.au/news/2025-06-04/tre

ABC News · Treasurer Jim Chalmers accuses opponents of 'extremely generous' super tax changes of 'lies'Av Tom Crowley

The super tax change only affects balances over $3 million—about fairness, not a raid. If a few wealthy investors sell property, that’s not a crisis—it’s an opportunity.
More homes for buyers means fewer locked up in the rental market.
#superannuation #auspol #housing #fairtax

au.finance.yahoo.com/news/3-mi

Yahoo · $3 million superannuation tax change sparks property warning as 'panic’ selling beginsAv Tamika Seeto