With everything happening in the world, it is probably easy to miss what is apparently becoming one of the Greatest Issues Of Our Time.

It’s not addressing the housing affordability crisis, which has shown that rental stress is at record highs, social housing doesn’t come close to meeting demand, and safe and affordable housing is becoming a luxury.

It’s not raising the rate or ending mutual obligations or ensuring that we actually do lift people out of poverty, a test we carried out during the pandemic and proved we can achieve quite simply, if there is the will.

And it’s not only climate, which is about to get another kick in the guts domestically with Labor to approve the 50-year expansion of Woodside’s North West Shelf project – which will add the equivalent of a dozen coal-fired power stations of emissions to the atmosphere, increase domestic costs for Western Australians and further erode priceless rock art that survived an ice age.

It’s not even Australia’s continued absenteeism in responding to Israel’s genocide in Gaza.

No, it’s none of those. It’s even bigger.

Are you ready?

It’s … very rich people being asked to pay a tiny bit of tax on a small percentage of the earnings on their wealth.

Yup. Labor’s very modest super changes. Which it announced in the last term of parliament but said it wouldn’t move on until this term, to give the 80,000 or so people this will impact time to get used to paying a tiny bit of extra tax. (Or receiving a lower tax break, depending on how you look at things.)

It’s a whopping 0.5 per cent of the population we are talking about here.

According to the tax office, the average income of someone with $3 million in their super is $381,000. If you have more than $5 million in superannuation, your average income is about $495,000. And if you are one of the handful with more than $20 million in your super, your average........

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