05-18-2022, 12:22 PM
Labor lost some older folk in my family with that franking credits policy.
They have mum and dad shares like CBA, Telstra, that they use that money to pay for their private health insurance, car repairs etc. They are self funded retirees who would have been forced to sell those shares and then gone into a lower income bracket without those dividends and would have qualified for part pensions which would have cost the govt money and forced them back into the public healthcare system.
It should have been means tested properly and a better net cast that let small fish through but caught the likes of Twiggy Forrest but as we know the likes of Twiggy and Gina would have found a way around it. It also upset a lot of fund managers who campaigned against it and superannuation companies who rely on dividends/franking credits as part of their investment returns so a lot of Joe average super balances would be affected down the track.
They have mum and dad shares like CBA, Telstra, that they use that money to pay for their private health insurance, car repairs etc. They are self funded retirees who would have been forced to sell those shares and then gone into a lower income bracket without those dividends and would have qualified for part pensions which would have cost the govt money and forced them back into the public healthcare system.
It should have been means tested properly and a better net cast that let small fish through but caught the likes of Twiggy Forrest but as we know the likes of Twiggy and Gina would have found a way around it. It also upset a lot of fund managers who campaigned against it and superannuation companies who rely on dividends/franking credits as part of their investment returns so a lot of Joe average super balances would be affected down the track.