Saturday 4 March 2023

Fighting Fake News with REAL, 4/3/23. Media Dishonesty, Superannuation, The Economy is a System meant to work for us.

 

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Andrew Bolt has spent a lifetime of dutifully projectile vomiting Murdochian corporate propaganda in our face. He truly does need exorcising.

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The whining in corporate media over Treasurer Jim Chalmers modest changes to superannuation has been at fever pitch all week. What’s the scam?

Source: Media caps off a week of super dishonesty over super. What’s the scam? – Michael West

 May be an image of text that says 'Amount of superannuation held Super balance More than $544 million Number of people 1 More than $100 million 27 More than $50 million 100 More than $5 million More than $2 million 11,000 More than $1 million 80,000 ASFA from 2019 ATO statistics 320,000'

Treasurer Jim Chalmers has countered calls to index the threshold by saying the country needs to make the super system more sustainable over time.

 

The question amounts to " do we want a fairer Australia or not" Treasurer Jim Chalmers asked that question as history has shown us the rich have got richer and the poor poorer by unbelievable margins. So does this minor change now seem so unreasonable?

The Age and the FSC's "new analysis" seems to indicate it is. No mention of the fact that the 500k people in some distant future of 50+ years will amount to 3% of some 18M people. Indigenous Australians are 3% of the Australian population and we haven't given a fuck what happened to them for over 200 years. No predictions are made about the wage vs profit distribution imbalance currently 8%. If that's maintained the average Australian family will be living below the poverty line and with zero super just as the unemployed on Job Seeker are today. It seems The Age and the FSC aren't interested in a fairer outcome for all Australians only for some.


When the analysis is applied to all workers aged 25 and over, it finds the full impact would extend to 526,071 workers over their working lives and into retirement, a period that would cover at least five decades.

Source: Superannuation changes: Super tax could one day hit six times the workers the government claims

Illustration: Simon Letch

 

Why is it that  The Age once a Newspaper has segued into being a model of what Murdoch Media is? A valueless corporate profit system. It too now presents fiction as fact and competes for attention and money from the wealthy only! It's not begging for the money of ordinary Australians but only the self-interested wealthy among us. That Murdochian change has become noticeable since Peter Costello took over.

Sneaky? It's one way to claim the ALP are being sneaky and keep Robodebt in the background. Forward Estimates have never been right and The Age is doing little more than presenting fiction as fact


Albanese and Chalmers have found a way to propose change without a breach of faith: announce it early, legislate it this term but make sure it takes effect after the next election. They are attempting reform with the permission of the Australian people.

And they have a chance to ask permission to go further.

Source: Labor tax reform: If voters bless his superannuation reforms, is Albanese’s next stop negative gearing?

Jim Chalmers is the only ALP Minister that has even hinted at the need for this but we know that will never happen.

We need to reset our economy so it serves We The People, rather than just the morbidly rich and their massive corporations.

Source: In Praise of Inefficiency: Should We Serve the Economy or Should It Serve Us? | The Smirking Chimp

 Illustration: Jim Pavlidis

 Unlike the LNP Albo is Uniting Australia in the way once Hawke did not dividing it as Abbott/Morrison and Dutton are and not by radical changes

The point about the Albanese government’s change to superannuation tax was not that it was a shocking move by a radical government. Quite the opposite.

 The Liberals’ changes to super in 2016 were much broader. This week’s decision marked the Labor government as being cautious and incremental. Even responsible. The point of the change was to save $2 billion a year to help repair the yawning deficit left behind by the Liberals. Not to spend on Labor mates or some new handout.

If you take a step back, you can see Albanese assembling a range of constituencies left, right and centre. Unions and business, women and young people, gays and lesbians, environmentalists and miners – he took his cabinet to Port Hedland recently to show support for the resources industry.

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