Proposal to abolish refundability of Franking Credits, page-105

"Smart countries tax only once and that it on the way out when you retire and are in pension mode."

Indeed Australia was one of those smart countries that taxed only once and on the way out until Keating came along with his smart-a scheme to extract revenue up front and falsely pretend that it wouldn't make any difference to the net pension in the future.

Keating started this whole mess in superannuation and yet some people still want to take his advice.