Peter Costello probably gave everyone in the Super Industry a nightmare scenario that our Feds might need to tamper with the tax benefits.....
Now why should the Super Industry get so much tax assistance to help them get more money from people who are more interested in investing than living by spending their savings to increase their real standards of living during the here and now instead for the afterlife?
If BCA is wondering why business is so slow they might like to consider a WHAT IF SCENARIO. WHAT IF more people in Australia with money decided they should spend some of their savings on a whole range of services & products ?
WHAT IF govt moved some incentives away from savers to spenders? After all some of those compulsory Super Levy savings are getting invested in the USA instead of innovation in Australia. So why not encourage some local job creation by encouraging savers to spend a little more on improvements to their homes with new kitchens, renovations, new gardens, new clothes, new fashion, hairdos more often ? WHO WOULD BENEFIT?
RBA might not like that as it might cause wages inflation....so with all the highly paid brains in this country WHY cant they work it out better?
