Sunday, March 19, 2017

Paul Keating accuses Liberals of trying to destroy superannuation

Former PM says ‘scandalous’ proposal to let first-home buyers use super for deposits reveals government’s ‘policy bankruptcy’

Paul Keating has made a dramatic intervention in the debate about allowing first-home buyers to use their superannuation savings for deposits, saying it shows the Liberal party is trying to destroy super.

In an opinion piece for Fairfax Media, Keating says the “scandalous” proposal is driven by Liberal ideology and showed the government’s “policy bankruptcy”..

“I have said before, you don’t expect conservative parties to believe in much but you do expect them to believe in thrift,” he wrote.

“And when a Labor government comes along and, in a cooperative way, encourages the workforce to save for their retirement, you would think any true conservative party would be eternally grateful.

MORE: Paul Keating accuses Liberals of trying to destroy superannuation | Australia news | The Guardian


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