absolutely......when the profit is realised! if the founding shareholders are required to sell 30% of their stake (above $3M) each year it will dilute their wealth to oblivion. its straight-up socialism. for every successful entrepreneur there are thousands of failures. that's the trade off. The promotors of the changes are claiming the assets are placed into super just to dodge tax Many of use have used our super not to dodge tax bc that is the capital that was available to us. Keating set the system up so that is was clipped as a death benefit because it was set up to provide an income in retirement not as a vehicle to dodge tax but the changes they are proposing are just a slash and burn tax grab that'll see funds moved into less productive sectors Don't worry, there are people far smarter than the wall flowers in Canberra that unpick a go-around
WA1 Price at posting:
$13.20 Sentiment: Hold Disclosure: Not Held
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