Dick Smith speaks the Truth, page-49

If Labor wanted it to be fair they would have taken the franking credits away from funds as well as individuals .
I call it a retiree's tax Dave and as I said before we saved and invested so we would be self sufficient and have to rely on the tax payers largess for welfare. Labor and the unions introduced the super system not for the good of the workers but as away to keep the rivers of gold flowing in the face of falling union membership,the upshot of the system is the high income earners get richer and the lower income earners contribute and finance them selves out of a pension.