A super slug will batter Labor

Any superannuation attack on middle income savers would simply undercut the system. And Martin Ferguson, like other Labor politicians defeated in 1998, knows why it would spell electoral doom.

Before they introduce an unfair tax on people struggling to fund their own retirement via superannuation, Prime Minister Julia Gillard and Treasurer Wayne Swan should study the lessons of history.

And, if they will listen to him, Resources Minister Martin Ferguson can explain to Gillard and Swan what happened in 1998 when the Labor Party made a similar mistake.


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