The disgraceful retrospective taxation of those holding more than $1.6m in Pension phase in a SMSF has forced me to leave my eyrie at the Ross River Hotel in search of attractive "punts". I prefer to lose on a gut feeling rather than give to the government to waste on even more crazy projects.
So I am in VAH, at 30c. I expect Singapore Airlines to launch a bid at 40c. If they don't, and I lose it, at least the grubs that pass for a former great Party, The Liberals, will not get their sweaty hands on my money. If I win it will partly pay the tax, a dreadful decision to tax workers and savers.
I would advise any retirees thinking of voting for either the Libs or Nats to seek therapy.