Labor is poised to move forward with its plan to increase the tax on superannuation balances over $3 million.

Critics are calling the idea unfair and questioning why Labor’s super tax will apply to unrealised gains, rather than just money made.

But with Labor’s super majority in parliament – and support from the Greens in the senate – their opponents can only complain.

Today, national correspondent for The Saturday Paper, Mike Seccombe, on Labor’s superannuation plan, and what it tells us about the government’s economic priorities in its second term. 

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

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Guest: National correspondent for The Saturday Paper, Mike Seccombe.

Photo: AAP Image/Russell Freeman

Labor is poised to move forward with its plan to increase the tax on superannuation balances over $3 million.
Critics are calling the idea unfair and questioning why Labor&rsquo;s super tax will apply to unrealised gains, rather than just money made.
But with Labor&rsquo;s super majority in parliament &ndash; and support from the Greens in the senate &ndash; their opponents can only complain.
Today, national correspondent for&nbsp;The Saturday Paper, Mike Seccombe, on Labor&rsquo;s superannuation plan, and what it tells us about the government&rsquo;s economic priorities in its second term.&nbsp;
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: National correspondent for The Saturday Paper, Mike Seccombe.
Photo:&nbsp;AAP Image/Russell Freeman

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

How Labor’s new super tax works

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/4bbe0e0a-2427-4eba-8163-b2f10061557e/transcript

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