Mate, I think people are getting very confused with this FC...

Mate, I think people are getting very confused with this FC debacle. Let me try and put it in a way people will understand. In Australia, we have a zero tax threshold of $18 200. Other countries like China and US don't have one. Shorten is effectively trying to CLAW back this by misrepresenting that the "grubby rich pensioner" are getting profit from their savings. Seems pretty effective judging from the arguments in place here.The problem is people don't understand the tax code enough to make a judgement and hence prefers to listen to emotional arguments from politicians. If Labor is serious about this, they should have a tax reform to remove the tax free threshold, FC/dividend, is already being considered as income and will generate a "tax" return regardless how much FC a person hold. As it stands, what Labor is proposing is against the rules and regulations of our tax system. They are trying to prevent a debate on our tax system, and prefers to use emotional argument in this case so as to get people to vote them.

And in case, the mods think this is off topic, consider that most TLS holders will be materially effected by Labors FC policy.