What has Kevin Rudd got against self-funded retirees?

By Betsy Fysh - posted Wednesday, 6 May 2009

During what he calls the GFC (global financial crisis) Prime Minister Kevin Rudd has issued many compassionate statements. He has even outlined some compassionate policy initiatives. But there is one group in Australia about whose plight government comment has been conspicuous by its absence. It is, of course, the nation’s previously-growing band of self-funded retirees.

Curiously, it is also this group that has demonstrably been the hardest hit so far by the world financial collapse. These people have seen their superannuation capital reduced in the stock market downturn by as much as 50 per cent - some even more. The other superannuation…