Lots of interesting chatter here in Australia about this
Some interesting points:
- this tax only effects under 1% of super funds
- this tax is not in place for judges and other “important state workers”
- the median super is under 100k aud
Point being, it’s been very easy to persuade both sides of the aisle as it only effects a tiny percentage of the population
Just watch it creep into the wider super industry though
Plus of course, the rich, the most productive, they will just leave if it’s really bad, much like my birthplace the Uk