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submitted 6 months ago by zero_gravitas@aussie.zone to c/australia@aussie.zone

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NOTE: Video sponsored by the ACTU

Key points

It would make house prices increase by more than the maximum amount people could withdraw
It would cost the government $1 trillion in the long run
It would leave people with $200k less in retirement savings
It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal

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[–] Taleya@aussie.zone 3 points 6 months ago

If that were the case we wouldn't have aeen a sharp uptick in investment at the same time NG was introduced.

You're always gonna have people finding ways around things, the point is to make it hard enough your average schmoe bails on the attempt