No family that earns $150,000 a year can afford a Ferrari…but that’s rich enough regardless, says Federal Treasurer Wayne Swan.
Not ‘rolling in it’ rich, but rich enough. The terms are important.
The Treasurer has been blasted for the cut-off in his middle class welfare tweaking, which now stands at $150k but there’s an argument on both sides here.
Some say the ‘rich or not’ question is clearly a diversion and we should really be focusing on whether or not those earning $150,000 combined need ‘hand-outs’.