Comments on: Take your pick on Bandt’s super-profits tax: Revenue now, or retirement savings later https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/ On politics, media, business, the environment and life Mon, 02 Sep 2024 23:16:38 +0000 hourly 1 https://wordpress.org/?v=6.4.5 By: M T K https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749779 Mon, 02 Sep 2024 23:16:38 +0000 https://www.crikey.com.au/?p=1172362#comment-749779 Rinehart and Dutton would agree with you two 🙂
Not so sure about Norways sovereign wealth fund agreeing on your ideas..

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By: drsmithy https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749722 Mon, 02 Sep 2024 12:36:19 +0000 https://www.crikey.com.au/?p=1172362#comment-749722 In reply to keith mitchelson.

Dr, I realize that the employer component of superannuation is [supposed to be] a component of a worker’s salary, yet so many companies try to minimize the amount of their contribution, [or withhold it entirely with gig workers].

Sure but that’s just wage theft. If the money wasn’t going into super it would be going into workers pockets (or it would be being stolen by the employer). In that sense whether or not its superannuation is irrelevant.

The LNP also objects to ‘industry superfunds’ which give higher returns than commercial funds run by banks and other commercial companies. Why would the LNP object to industry funds at all, if it agreed with wage earners getting maximum benefit?

Industry funds aren’t gifting money to the parasitical finance industry in the form of fees, is why they don’t like. Plus, usually, because they’re often run by or for Unions.

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By: keith mitchelson https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749530 Mon, 02 Sep 2024 01:39:57 +0000 https://www.crikey.com.au/?p=1172362#comment-749530 In reply to drsmithy.

Dr, I realize that the employer component of superannuation is [supposed to be] a component of a worker’s salary, yet so many companies try to minimize the amount of their contribution, [or withhold it entirely with gig workers]. The LNP also objects to ‘industry superfunds’ which give higher returns than commercial funds run by banks and other commercial companies. Why would the LNP object to industry funds at all, if it agreed with wage earners getting maximum benefit?

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By: April https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749499 Sun, 01 Sep 2024 20:50:26 +0000 https://www.crikey.com.au/?p=1172362#comment-749499 In reply to Hector Cat.

Wasn’t there an international agreement/proposal that all corps pay 15%??? If so why isn’t it happening?

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By: April https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749482 Sun, 01 Sep 2024 02:17:45 +0000 https://www.crikey.com.au/?p=1172362#comment-749482 In reply to Terry Constanti.

Brilliant! Love the Keynes quote!

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By: April https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749480 Sun, 01 Sep 2024 02:14:04 +0000 https://www.crikey.com.au/?p=1172362#comment-749480 In reply to Newtown newse.

Boomers are the ‘immigrants’ in economic discussions, ie the scapegoats. Policies enabled boomers to buy houses etc and policy is what needs to be addressed to recreate these circumstances. We used to have free tertiary education, ready access to bulk billed health care, CEO used to get 50-100 times the wages of workers not 2000 etc etc. The Greens are now the only party with a shot to take us back to those days imo – here’s hoping!!

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By: April https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749479 Sun, 01 Sep 2024 02:03:58 +0000 https://www.crikey.com.au/?p=1172362#comment-749479 In reply to ProfTournesol.

Payments to CEO’s is social cohesion wrecking imo. Is up to something like 2000 times what workers get and in our faces evidence of the grossness of economic inequality. I saw a clip of a woman saying the rest of us get fired if we harm the company we work for while Joyce gets millions?? I’ve also noticed an increasing elevation of gaining money as a first and foremost goal that is deleterious to social cohesion and likely inspired by the modeling of the CEO rort club – you get it so I have get that much and because I get that much you have to too. Some 15 ish yrs ago I saw a report on a research study that found new MBA graduates performed better than CEOs . . .

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By: April https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749478 Sun, 01 Sep 2024 01:38:25 +0000 https://www.crikey.com.au/?p=1172362#comment-749478 In reply to mary wood.

A dentist told me that lack of access to dental care cost us a packet as some have be hospitalized not only for the reasons you state but to have all their teeth pulled under anesthetic and dentures fitted.

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By: April https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749477 Sun, 01 Sep 2024 01:24:33 +0000 https://www.crikey.com.au/?p=1172362#comment-749477 In reply to J Lavarack.

The Greber article shocked me!! I went to ABC expecting an informed and fact based response and got a Fox News rendering of Bandt’s address instead!! It could better be said that his article was Trump-like imo – making stuff up to manipulate outrage and look clever by half (or less!).

The Greens aren’t manipulating outrage, the existant facts are – a teacher pays more tax than a multinational, other countries tax super profits, we have homeless and children in poverty etc etc. People are angry – we see it in polling, in the rise of independents, the ABC noted Labor has moved to center right, Juice Media describes them as shit light etc. They are not walking what I and many others regard as traditional Labor values.

I am among those who are disappointed and angry. I supported Labor from 1975 until the day they announced they would support stage 3 tax cuts in the lead up to the election at which point I joined the Greens as they are now the sole party that recognizes that economic inequality IS a Crisis. As well as the obvious health care, family breakdown, stressed kids not learning etc etc costs if gross economic inequality isn’t addressed with urgency we will see the rise of extremist ideology and actions. If Labor really cared about social cohesion they would ACT. I physically cringed when watching Chalmers on Q&A tell a single mother he understood her struggles. Labor trumpets a tax cut for everyone!! Those who need it get (appox figures) $400 per year while politicians get a $4000 on top of a 17k raise.

Both Labor and Greber need to explain how they can view the circumstances of the millions struggling and not feel angry too.

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By: ProfTournesol https://www.crikey.com.au/2024/08/29/greens-super-profit-tax-superannuation/#comment-749411 Sat, 31 Aug 2024 04:14:58 +0000 https://www.crikey.com.au/?p=1172362#comment-749411 In reply to Kathy Heyne.

I also feel fury at the ads for swags for the homeless. They need housing, not swags. We managed to end homelessness during the Covid lockdown, showing that it’s a political choice; it requires a political solution, not charities and swags.

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