Why not? Do you think you're entitled to use taxpayer funded infrastructure post retirement? If so, then make your contribution. These costs don't magically stop just because you stopped working. In fact, retirees, self funded or not, are a HUGE fiscal burden on taxpayers and you want to make them (and eventually yourself) an even bigger burden?
Where is the money from lost tax revenue going to come from for this geriatric slush fund? Increased taxes on those still working?
Maybe they can use some of the 17 Billion in lost super that the ATO have now got more access to. I believe a gain of 675million over a 4 year period due to recent changes and yes due to me being slack the ATO have kindly been looking after some of my super over the last 6 months.
ps being from the left side of the political fence I'm happy with the proposed changes, I just don't agree that a SMSF with a property as its main asset which is sold after retirement will potentially now incur CG.