The trouble comes in two forms: the bracket creep which will effect saver in the future particularly in the light of monetary debasement with money printing (the 'silent tax' which few seem to realise) and inflation (due to debasement AND other things), and secondly the super fund holding 'strong' but illiquid assets despite whether the fund is in accumulation or pension mode -in pension mode it raises the pension drawdowns which may be suffering from illiquidity already? Consider the rise in real estate.
Ultimately, it is the moving of the goalposts that politicians see as the answer for their largesse (or more appropriately described as gross incompetence of economic integrity vs pork barreling and feathering nests, buying votes, pandering to some nations.. etc etc etc). And it ain't gunna stop here, least while their pensions are quarantined (exempt) from being affected.
Fix the debt to GDP ratio while we can, before it spirals out of all possible control (at circa 76% plus) then let's talk about woke programs to support abundance for everybody, otherwise the wealthy will migrate to Thailand etc, leaving a desperate mess for the wrecked left behind. I'd be happy to pay more tax if the govt did a worthy job allocating it, but till then piss off with your cherry picking procrastination of fiscal responsibilities. Otherwise we are all enabling their incompetent grandiosity and irresponsibility. Bozos.
