Airbus Albo reported to be getting ready to renege on stage 3 tax cuts, page-218

Well people do get screwed over in the case of super and the $3 million dollars, $3 million dollars today is not the same $3 million dollars when you go to retire, it's actually worse in this case as it is over such a long period of time. Super was introsuced in 1992 so we are yet to see how people gwtting this their whole working life will be affected, it was disingenuous by Labour to say it only affects %1 when many more in years to come will end up being affected.

In the case of the tax brackets $200,000 is not the same as $200,000 in 5 or 10 years time. Yet they capture more of those people moving into those brackets while inflation erodes the purchasing power of that money affecting everything you buy. As other people have pointed out the government has a spending problem not a revenue problem and this is both sides of government and the system we have.

It doesn't leave relatively fewer workers to pay for an aging population that is a function of the amount of people of working and tax paying age in the country. If it is indexed it stays in line with inflation so keeps the current tax collection in line, but if not they capture more as people move into these brackets. They are double dipping with immigration and no indexation. As they are widening the base and then increasing the collection through no indexation.