68. Economist Dr Cameron Murray - Scrapping Super, Affordable Housing, Inflation and Political Corruption
Aussie Firebug
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Taxing, Raising More Taxes in Retirement
Taxing and spending at the Treasury in the tax office is super efficient and cheap and easy, right? It doesn't take many people to do it. Now, we can transfer that money into an old person's bank account via the super system. And it costs a lot of money, $36 billion per year for different people on spreadsheets in our superannuation firms. To get roughly $40 billion into the bank accounts of old people who are retired. The tax and transfer system we have for the age pension gives actually more benefits to retirees in their bank accounts, $45 billion. So yeah, that's the sort of, I think that's a pure economic way of thinking about
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