Oddbean new post about | logout
 Yes, on superannuation (our equivalent of 401k) balances of over $3 million. Thats where it will start of course, won’t take long for it to expand.

They’ve already restricted transfers to crypto exchanges to $10k per month; they don’t want any escape hatches for when they turn the Dollarydoo into confetti to prop up our housing Ponzi.

nostr:note1ecdg2jsm3333uugw0wwwqtw7vzkpc6jn0ad24aa2e504vq7n4ezqewrfg0 
 Confidence level its gets written into law?

100% 
 Pretty high.

Current government proposed it, they’re likely to be in minority government next term being dragged further left by our psychotic Greens party and a bunch of champagne socialist Karens who claim to be independent but are really just a front for the renewable energy lobby - together theyll get it done. 
 Dutton, our Conservative opposition leader also supports it.

And you are far too kind to our champagne Teals. They don't represent anything except the narcissistic consequence-free Id of the upper-middleclass white girl. 
 The Liberals want to use super to prop up the housing Ponzi more directly as far as I’m aware. 

Bipartisan support wouldn’t surprise me though