Abbott’s Super Hypocrisy Raises Darker Questions

26 Mar

Ask yourself this, dear reader.

If the leader of a political party that proclaims supporting small business is “part of our DNA” truly believed that a new government law was bad for small business, then why would he refuse to repeal that bad law on becoming Prime Minister?

TONY Abbott has scoffed at Labor assurances that employers will not have to pay for Julia Gillard’s increase in the superannuation guarantee, but has reaffirmed the Coalition will not repeal it in office.

Passage of the legislation has sparked concern from employers that they will bear the extra cost, estimated to be worth $20bn a year by the end of the phase-in period, but Mr Shorten said the money would come from deferred wage increases negotiated as part of enterprise bargaining.

Yesterday, after businesses and unions rejected Mr Shorten’s explanation, the Opposition Leader said: “It’s very obvious who is going to pay for the superannuation increases.

“It’s not the mining tax; it’s not federal government. The superannuation increases are going to be paid for by business, in particular by small business.

“This is a $20bn impost once it’s fully implemented on small business and I understand why, on top of every thing else — the carbon tax, mining tax, the private health insurance tax — why small businesses are not very happy about it.”

Mr Abbott said Labor had attempted to deceive Australians over the issue.

But he said that while the opposition voted against the [MRRT] legislation and did not support an increase in superannuation, it would not repeal the move when it next took office.

Why not, Mr Abbott?

Could it have anything to do with your sneaky plan to steal our super, quietly released as formal Liberal Party policy on June 3, 2011?

A policy that has now been stolen, and implemented, by the ALP?

After all, Barnaby Joyce has repeatedly warned that public servants’ super in the Future Fund would be used to help pay down Labor’s monster debt.

But the Future Fund is tiny, compared to Australia’s ever-mounting pile of government debt. And it is positively microscopic, compared to the massive debt exposures of our house-of-cards, government-guaranteed banking system, that is teetering on the precipice.

No doubt Mr Abbott, you and your Big Banking friends would love to have an extra 3% of the nation’s combined payroll being siphoned off struggling employers directly to the ATO – as per your sneaky new policy of last June – and from the ATO straight into short-term money market interest-bearing investments, “managed” for fees plus monster salaries by parasite bankers, before (hopefully, someday, maybe) actually getting to each Aussie citizens’ personal super fund.

And no doubt whatsoever to this humble blogger, that is the real reason why you are bleating hypocritical platitudes about how the ALP’s superannuation policy is bad for small business, and making all the right noises claiming that you do not support it … while refusing to repeal it yourself.

As has been so well-evidenced by the CO2 derivatives scam, our so-called “democracy” really is “an unholy alliance of politicians and bankers versus ordinary people”:

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4 Responses to “Abbott’s Super Hypocrisy Raises Darker Questions”

  1. Tomorrows Serf March 26, 2012 at 6:33 am #

    Just another 3%, eh?

    I can already see the unemployment figures climbing.

    Now this govt. is after the workers. (and the long suffering taxpayeres- how many public servants do you think there are, and all will get another 3%)

    Well I for one have just “released” my very last employee, and will NEVER hire another!

  2. Richo March 26, 2012 at 11:27 am #

    Labor have the Libs running scared on super. Labor have conned a large group of the working public that this super money will be EXTRA on top of normal wage increases. How wrong they are, any super increase will be paid by offsetting wage increases. Unions are not happy. Expect more strikes when this comes into effect.

  3. Mytwocents April 3, 2012 at 10:34 pm #

    You asked “why not repeal” the super? In my opinion, it would be very difficult for Abbott to do so, because rightly or wrongly a majority of the population are for it (and Labor would go after him for it). Perhaps if in future, a majority of the population somehow become against the super increase, maybe then would be the time to repeal.

    Plus, it’s not like the Carbon Tax–that’s something that Abbott has pledged to repeal.
    Perhaps they realise the realities of repealing so much of ALP’s legislation that they don’t want to add any more to the list.

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