I’ve been following the debate around Jim Chalmers’s proposed superannuation reforms with fascination, particularly the story about farmers supposedly “scrambling for answers” when faced with the prospect of paying more tax on their multi-million dollar super balances. The more I dig into this, the more it becomes clear we’re witnessing the death throes of what can only be described as a spectacular tax rort.

Let’s cut through the noise here. The ABC story features a farming family with a combined super balance of $5.5 million who are upset they might have to pay an extra $120,000 in tax annually. But here’s the kicker - if they’re paying $120,000 in tax, they’re making over a million dollars a year through their super fund. And they’re complaining about this?