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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich

Australian money
‘Australia’s tax system works to give the wealthiest in society the smoothest of rides. These super changes will force them to go over a very small speed bump,’ writes Greg Jericho. Photograph: Bloomberg/Getty Images

The unhinged criticisms to changes in superannuation make more sense when you realise that Australia’s entire tax debate is geared to ensure rich, wealthy people and companies get richer and wealthier.

The government’s proposal to reduce the tax concessions on earnings on super balances above $3m has been the ultimate case in point.

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