Reading through recent online discussions about retirement and pensions has left me both frustrated and bewildered. There seems to be an endless parade of posts from wealthy retirees seeking advice on how to maintain their pension benefits while sitting on substantial assets. The mental gymnastics some people perform to justify this behaviour is truly remarkable.

Picture this: someone with a million dollars in assets wondering how to keep receiving government benefits. It would be comical if it weren’t so concerning. These aren’t isolated incidents either - they represent a broader mindset that views the pension as an entitlement rather than what it truly is: a social safety net.

The recent collapse of the Albanese government’s proposed superannuation tax reform for balances over $3 million highlights a persistent problem in Australian policy making: the inability to design sustainable, long-term financial solutions that can withstand public scrutiny.

Standing at my local cafe in Brunswick this morning, listening to fellow patrons discuss the news, it struck me how the debate around this policy proposal missed the mark entirely. The fundamental issue wasn’t about targeting wealthy superannuants - most reasonable people agree that super shouldn’t be a tax haven for the extremely wealthy. Rather, the policy’s fatal flaw lay in its implementation.