It’s the day after the budget and the government launches its traditional gargantuan sell. All the measures,and all the reaction from Canberra 4.13am BSTThe next question concerns nothing for people earning below $80000.
Q: Those people are going to be paying $5 more on prescriptions, they are going to pay a larger gap at the GP because the Medicare rebate is being frozen, or they’ll wait longer for increased childcare benefits,the Family Tax Benefit changes are going ahead, the school kids bonus is being abolished. Is this the price that those families acquire to pay for jobs and growth? 4.10am BSTThe next question is also approximately super: won’t the super changes direct savings out of super and into negatively geared property?Scott Morrison says initially he doesnt agree with the premise of the question. Then he says this. People who engage in negative gearing are engaging in legitimate activity.
If they can do that, or to provide for a better retirement income for themselves external of superannuation,well, good for them. They are the decisions they are making and I dont intend to obtain into the way of that decision. We know that they are doing that to support themselves and their families over time. Continue reading...
Source: theguardian.com