Albo wants to tax 'future you'

One day, you're gonna get caught with some savings

If you want to get ahead in Australia, it will never happen under a Labor-Greens government. Albo and Adam are running out of your money, so now they are coming after ‘future you’.

We’ve been forced to have a large chunk of our money locked away in super funds since 1992. Of the $4.2 trillion currently locked away until retirement, union-controlled industry super funds hold about one quarter – over $1 trillion – of our money. Part of this ends up funding Labor. I explained how over a year ago.

But now Labor wants to double the concessional tax rate on super funds with a balance of $3 million or more (from 15 to 30 per cent), and also to tax unrealised capital gains. Basically, Labor wants to tax ‘future you’.

Writing in the Unfiltered newsletter, Alexandra Marshall had this to say:

And if you’re still thinking of taking the handouts and voting for Labor (or the Greens…) Michael de Percy warns that their new plan is to tax your future. Not only do the Greens want to rob your grave and deprive your children of their rightful inheritance, Albanese wants your retirement savings. ‘Labor wants to double the concessional tax rate on super funds with a balance of $3 million or more (from 15 to 30 per cent), and also to tax unrealised capital gains. Basically, Labor wants to tax ‘future you’.’

My lates in The Spectator Australia, Albo wants to tax future you.

MICHAEL DE PERCY | "Albo and Adam are running out of your money, so now they are coming after ‘future you’."

It is a truth universally acknowledged that if you leave a large pile of money 💰 sitting around in the economy - politicians will steal/tax it.https://t.co/wVPaDQhjOS

— The Spectator Australia (@SpectatorOz) April 24, 2025

Third debate attitude reflects leadership: we ain’t got either

In Bhutan, there is a sense of the common good and of service to one’s country.

 
Unlike Albo, Dutts is up against the mainstream media (MSM). Listening to left-leaning journos give Albo the win in the third debate, and others avoiding calling it because they are closet lefties, makes it clear to me where the MSM’s loyalties lie.

In such an environment, there is some merit in Dutts not being ‘authentic’ about himself and trying to tone down his strength. But this approach is bleeding conservatives to the right. Anecdotally, the Liberal Party is haemorrhaging badly.

Meanwhile, Albo has done the opposite and has been as floppy as a puppy by delivering an Easter message via his pets.

Writing in Unfiltered, Alexandra Marshall had this to say:

Michael de Percy wasn’t very impressed with the debate either and has cautioned Peter Dutton about softening his image to appear ‘relatable’. ‘This approach is bleeding conservatives to the right. Anecdotally, the Liberal Party is haemorrhaging badly.’ The polls agree – if the polls are real. Although that said, it is very difficult to explain what voters have seen in Albanese. His debating skills are non-existent. At best, he played his slogans back like a scratched DVD - stuttering and skipping bits of sentences. It sounds okay until you try to transcribe it and then you realise what a true mess his mind is.

My latest in The Spectator Australia, Third debate attitude reflects leadership: we ain’t got either.

MICHAEL DE PERCY | "Albo is seen by some as a safe pair of hands while in my opinion he can barely tie his own shoelaces."
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Unlike Albo, Dutts is up against the mainstream media (MSM). Listening to left-leaning journos give Albo the win in the third debate, and… pic.twitter.com/Y9cXBMYOsx

— The Spectator Australia (@SpectatorOz) April 23, 2025

‘Green Death’ tax from a Labor-Greens minority government?

The Greens want to introduce an abhorrent death tax renamed a 'dynastic tax'

The Greens don’t want you to succeed. They want to take your money so they can turn Australia into a socialist nightmare. Labor’s plans aren’t far behind them. It’s a case of the Mensheviks (who wanted to use legal trade union means to socialism) versus the Bolsheviks (who wanted to overthrow the state).

But as Adam Bandt has indicated, he looks forward to a ‘golden era of reform’ in minority government where the Greens’ stated policy priority will be to take ‘action on negative gearing and [the] capital gains tax discount’.

Can we be sure Labor will reject the Greens’ plans?

Writing in the Unfiltered newsletter, Alexandra Marshall had this to say:

Michael de Percy is worried that the Greens will bring back death taxes. They’ve renamed the policy, of course, referring to it as ‘the implementation of tax on dynastic wealth’ – but it sounds like grave robbing to me.

My latest in The Spectator Australia, ‘Green Death’ tax from a Labor-Greens minority government?

MICHAEL DE PERCY | "The Greens don’t want you to succeed. They want to take your money so they can turn Australia into a socialist nightmare. Labor’s plans aren’t far behind them.https://t.co/g6fcHVSplY

— The Spectator Australia (@SpectatorOz) April 21, 2025