Our political class have no idea

Posted by – 20 March, 2012

It seems our political class have no idea where wealth comes from:

EMPLOYERS have reacted angrily to the passage of Julia Gillard’s mining tax, saying an associated superannuation boost will cost businesses $20 billion a year.

The Australian Chamber of Commerce and Industry said Labor’s 1 per cent company tax cut would be swamped by its hike in the superannuation guarantee from 9 to 12 per cent.

ACCI chief Peter Anderson said the superannuation rise would leave firms worse off than they were before the mining tax.

The cost of doing business and living in Australia should be the number one election issue.