David Leyonhjelm (NSW, Liberal Democratic Party) Share this | Hansard source

No other country in the world imposes high marginal tax rates on retirement savings accounts because, if they did, no-one would save in those accounts. Why then do you persist in calling Australia's taxation of superannuation 'concessional'? Should not personal tax rates of 37 per cent and 45 per cent be seen as a national disgrace rather than as a benchmark for all taxation?