Another @news.com.au tearjerker: a 'huge hit' to property investors if we dare touch their sacred 50% capital gains tax discount. Poor dears—nurses, teachers, the lot—might lose their speculative windfall!
Meanwhile, property speculation fueled by these very tax rorts has supercharged prices, locked out first-home buyers, driven rents through the roof, and left thousands homeless or destitute on our streets. Over 120k without a home, millions at risk from one rent hike or job loss, while investors hoard for tax-subsidised gains.
Priorities, eh Rupert? Tax breaks for the wealthy over roofs for the vulnerable. Time to end the rort and fund real housing.
#HousingCrisis #Homelessness #TaxTheRich #EndSpeculation #PeopleOverProfit #NegativeGearing