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@angelh0809 Not sure why you are referring to wealth taxes, when I never mentioned them? I will hit the $3m super cap, and I feel that it's rather generous to be able to invest that much tax free in today's dollars. What is really unfair is that the cap isn't indexed, so future retirees will...

@angelh0809 I mean, super was designed to replace the aged pension, not to be a tax loophole for multimillionaires. The aged pension is around $27k/year, the tax concessions on a $3m super pension balance are worth ~$110k/year. It's already extremely generous and will likely be further reduced...

@lindseym1013 It's more the people that bought something like Apple shares for 25 cents each inside their SMSF, or the CBA/CSL IPOs etc..., or there used to be no contribution limits on super. Property gains are paltry in comparison to certain stocks.