Labor to axe cash refunds for wealthy investors, page-224

Let shift through the Shorten and Bowen lies, they keep telling people, this will affect only 8% of Australian. This is purely a lie. This will affect almost every Australian.
It currently only affect the 8% of pensioner, who receive a tax refund for tax paid to the ATO, to supplement their pension.
It will affect 100% of people with superannuation fund accounts. If you have $300,000 in your superannuation account on retirement and it earns 6% dividend on CBA shares, it will be a tax hike on you of $7,714 a year. If your super balance upon retirement is $500,000, your tax hike will be $12,857. If your super balance upon retirement is $700,000, your tax hike will be $18,000.
It is not a tax only on the rich. If you have $300,000 in your super, it will be a tax hike on you of $7,714 each year. Because the ALP thinks you are a rich person.
You retirement pension amount and the amount you can leave your kids will be lower.
It will affect everyone who has investment in shares, because their value will be lower because people will shift their investment to other assets, such as investment property.
It won’t affect Shorten and Bowen’s Union backer, they have exempt the unions from the tax.