In closing one of the more egregious tax breaks for the mega-rich, the Albanese government is staring down the aspiration paradox: the proclivity of people to vote for the sort of life they wish they lived rather than the one they materially do.
Already the opposition is damning Labor’s decision to end subsidies for people with more than $3m accumulated in their super as “class warfare” and “the politics of envy”, proof positive that Labor will always stand in the way of success.
