From www.theguardian.com: Experts argue that the criticism of Labor’s proposal to impose a 15% tax on earnings from superannuation balances over $3 million is excessive and risks hindering necessary reforms for a more equitable system.

The plan aims to target the wealthiest 0.5% of Australian savers and is expected to generate $2 billion in revenue, addressing inequities within the superannuation framework.

While acknowledging flaws, experts endorse the initiative as a step towards sustainable reform, emphasising the need to reassess tax concessions that disproportionately benefit affluent individuals.