How to vandalise savings: the new superannuation tax | Robert Carling

Australia’s new superannuation tax will target balances over $3 million. Yet, what seems like a modest reform does not just target the ultra-rich. In this video, CIS economist Robert Carling breaks down how the tax works, why taxing unrealised capital gains is so controversial and the dangers of ignoring indexation. For more details, read Robert Carling's paper here: https://www.cis.org.au/publication/how-to-vandalise-savings-the-new-superannuation-tax/ 👉 More from Robert Carling: 🔹 Leviathan on the Rampage: Government spending growth a threat to Australia’s economic future: https://www.cis.org.au/publication/leviathan-on-the-rampage-how-the-growth-of-government-is-draining-australias-economic-vitality/ 🔹Government spending and inflation: https://www.cis.org.au/publication/government-spending-and-inflation/ 🔹The Truth About The Tax Burden: https://www.cis.org.au/publication/the-truth-about-the-tax-burden/ 👉 Help Australia’s Economic Prosperity 🔹 Become a member: https://www.cis.org.au/membership-2-step-1/ 🔹 Make a donation: https://www.cis.org.au/support/donate/today/ 🔹 Learn more: https://www.cis.org.au/ ______________________________________________________________________________________________ CIS promotes free choice and individual liberty and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can prosper. Follow CIS on our Socials; Twitter - https://twitter.com/CISOZ Facebook - https://www.facebook.com/CentreIndependentStudies/ Linkedin - https://www.linkedin.com/company/the-centre-for-independent-studies/ Telegram - https://t.me/centreforindependentstudies 📖 Read more from CIS here: https://www.cis.org.au/ 💬 Join in the conversation in the comments. 👍 Like this video if you enjoyed it and want to see more, it really helps us out! 🔔 Subscribe to our channel and click the bell to watch our videos first: https://www.youtube.com/channel/UC5c-JkKHb0YxFZ81XBtFCmw?sub_confirmation=1 ⏲️ Missed this event live? Subscribe to CIS to be up to date with all our events: https://www.cis.org.au/subscribe/ 📝 Subscribe to CIS mailing list- https://www.cis.org.au/subscribe/ 💳 Support us with a tax-deductible donation at - https://www.cis.org.au/support/