Responding to a question about superannuation policy on the ABC’s Q&A program last night, the prime minister said the success of the funds management and advice sector is proof of superannuation’s economic value.
“I won’t take a lecture from anybody as leader of the Labor Party on superannuation, we brought in universal super for everybody, it wasn’t around before,” Mr Rudd said.
“They said it would collapse the economy – it didn’t – it turned this country into the fourth biggest funds management industry in the world from which a whole bunch of people earn squillions of dollars as funds advisers.”
At the same time, however, Mr Rudd said that if it came down to a choice between fostering the growth of the industry and “equity and fairness”, he would “back equity and fairness anyday”.
Mr Rudd also refused to rule out further tinkering with superannuation policy, fully admitting the policy backflips that have already taken place.
“I’m not going to say I didn’t say [there wouldn’t be further changes to superannuation]. It’s there in black and white.”
Rudd is too young to remember that it was Labour under Gough Whitlam that brought in means testing of pensions saying people who are rich such as Malcolm Fraser shouldn’t receive a pension.
All those people still alive now receive less than asylum seekers and again they are now fiddling with Superannuation Income so that lollies can waste more of our money.
ALH
Lets thank kevin and Bill and Bown and finally Shortarse by voting 1 / 1 Liberal.
20 years in opposition should make it up to them.
Superannuation is a past Labor success which they are due credit esp Keating. The reason Rudd brings this up as there is NOTHING he can point to except total and utter incompetence for the last six years!
I feel like a kid before Christmas and it’s on Saturday!
what an egotistical halfwit! Bring on Saturday so we can see the last of this Communist Party