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19:51
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Originally posted by Tickety Boo
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Yes, I agree with your views -its really a superannuation 'bracket creep' type effect, particularly as long as nominal inflation exceeds actual real inflation (which is greater than govt calculated CPI inflation) the long run increase in assets in super will see the $5 mill limit as no big achievement.reasonable working knowledge) of inflation, bracket creep and compounding etc. its a slippery slope, but well worth doing homework on.
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That just emphasis the devaluation of our dollar over time. Governments want us to be good little worker ants and keep working, the country needs us working, growth for growths sake. Keep that GDP growing... Constant inflation is good, you're all getting richer. ( All seeing destruction of the dollar but not realising it). Poor are supported, rich are getting richer. Middle class is shafted.
