Part 8/10:
This concern dovetails with broader apprehensions about the Labor government's fiscal plans. The speaker expresses mistrust towards Labor’s proposed taxes, especially the plan to tax unrealized gains in superannuation funds exceeding $3 million. They warn that such policies could lead to lower investments and economic slowdown, citing examples from the UK where efforts to tax non-domiciled residents (non-doms) led to capital flight and reduced revenue.