"How can a liberal government introduce such a woeful new tax?"
How can the banks justify such huge profits, every year?
It's the mum and dad bank users that are getting slugged by the banks,
now the banks can return some of the money they extort FROM mum and dad
TO mum and dad. Simples.
"investors who have saved hard their whole lives to build a retirement nest-egg,"
Most would certainly NOT have money in the over zealous banks, but super funds?
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