Self-education cap to harm senior workersBY LAURA MILLAN | THURSDAY, 11 JUL 2013 12:10PMThe proposed $2,000 a year cap on tax deductions for professional self-education could put professionals over 50 years old in a situation of disadvantage, National Seniors Australia said. |
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Brian Redican
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What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
Which politician drafted up this proposal?
Whoever it was they probably did it while they sat in business class flying to some exotic destination to view "how other countries deal with the issue of trees dropping their leaves in autumn".
The difference they'll say between their rights and those looking for professional education is that they are not professionals...!
I agree on that front.
Early retirement has no detrimental effect on the economy at all as long as the retiree has enough savings (another issue to do with financial literacy) but capping tax deductions on self education might.