Budget and Super, page-66

oh, you love the changes.

well - let me tell you what the limiting of 1.6 million per account means.

It means that if a couple want to pull out say 2 million above that limit - for say a new house or something

then $300,000 now goes to the government - which they will spend wisely as they always do.

This also means that the $300,000 does NOT go directly into the economy and the community - so, the pool builder will not get it - nor will the landscaper - nor will the Merc. dealer etc. etc.

Every single dollar of that $300,000 that would have been spent in the community - would for a start - make 10% gst

it also would have gone to employing people in JOBS - jobs, that the workers pay tax on - and the dollars go round and round and round.

Now - the $300,000 goes to the most inefficient spender in the entire Nation ----------- the government.


If you think that particular change is good ------------- you may need to think again.

Pinto