Pay the tax cut into super

Birmo is always entertaining, but today's little rant contains an incredibly smart idea at the end. Rudd has painted his way into tax cut corner and desperately needs to find a way out. Birmo suggest paying it into superannuation to avoid the inflation blowout of everyone going down to the giant plasma screen shop.

What a bloody good idea! Taxing superannuation, when you're supposed to be encouraging people to sock more money away for retirement, is a really bad idea. But like gambling taxes, the government is hooked on it. Instead of giving out the promised tax cuts on income tax, he could be virtuous while (kinda) keeping his promise.