Just thought I would go back to re-read the articles about the wealth of Joe Hockey and his merchant banker wife, given that in 1987 poor old Joe thought $250 was an outrageous fee for students to pay:
Searches show the austerity budget measures will have a limited impact on the Treasurer and his family, who live in a Sydney mansion worth $6m, own a beachside home south of Sydney [estimated value $1.5 million] and have Queensland cattle properties worth more than $2m....
In addition to those property assets, the Hockeys hold a family trust and a self-managed super fund.
In Mr Hockey’s parliamentary pecuniary interests register, the Treasurer notes those assets are: “Managed solely by spouse — I am unaware of interests.”That last line is a little cute, isn't it?
Interestingly, most assets seem to be held in his wife's name.
I don't think his kids will have trouble paying for their $100,000 + degrees; upfront in fact.
[If you think I'm turning socialist, blame Piketty!]
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