, 5 tweets, 2 min read Read on Twitter
Such crap: year I started uni HECS fees *doubled* (thus dumped on younger generations without any "grandfathering"). Where's lifetime costs of that factored in to concessions for my generation? & what of super tax rorts now closed off &therefore used exclusively by 65+?
A "right to rorts" = bullshit concept. Rules are changed on vulnerable in society all the time: so why are #frankingCredits so critical? A poor person might reasonably expect a roof over their head: oops, sorry, insufficient budget!
Wealthy stack of shares: CANT CHANGE RULES!
And let's look at the impact: having to shift your retirement portfolio to different shares or investment mix? For people in retirement they should be doing this anyhow and it sounds like many loaded up on a limited set of shares which is a terrible idea and very exposed.
Let's look at worst fears of these people:
* Having to draw down on their retirement savings (e.g. either greedy or ignorant of how retirement savings are meant to work.. they are not there to have tax system preserve to pass on to the kids).

* Ending up on actual pension
The "ending up on pension" as a fear shows they must at some level realise consequences of government cutting & borrowing to fund #FrankingCredits handout: that actually needy people get put through pain. If only they considered cuts to stuff like Newstart or homeless services..
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