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Can Australia afford the National Disability Insurance Scheme ? How should the NDIS be funded?
Australia provides a very high level of superannuation tax concessions that contribute to growing wealth inequity and tax avoidance.The annual cost of the NDIS is approaching $40 billion. The amount invested in Australian superannuation funds is approaching $4 trillion. I happened to tune into a press conference on Tuesday in which Shorten was holding forth on the topic.It reminded me that the Coalition parties don’t have a monopoly on fast-talking politicians.But at least Prime Minister Scott Morrison sometimes projects a veneer of semi-plausible sincerity.
Such assets should only be sold, or leased, to Australian-controlled entities that are preferably listed on the Australian stock market so that the government can re-acquire them in a commercial transaction and without giving offence to foreign powers.
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