CAESAR! CAESAR!

Australia's super-generous property tax breaks—negative gearing + 50% CGT discount—have turned housing into a wealth machine for the already-wealthy. Result? Sky-high prices, falling home ownership for younger gens (36% of millennials bought before 30 vs 55% boomers), and now a hardening class divide: own property (or inherit the means) or get locked out forever. Without big tax reform, this isn't fixing itself. It's entrenching classes.

#HousingCrisis #NegativeGearing #PropertyTax #WealthInequality #Australia #Cgt #TaxTheRich

https://www.abc.net.au/news/2026-02-27/australias-lax-property-tax-has-created-a-class-system/106391788

Rising tide of new voters forcing a tax rethink on property

Australian real estate now is among the world's most expensive, and that has made it a red-hot political issue as demographics shift.

Database Connection Issue

Capitalism has a Math Problem: How Wealth Growth Devours the Middle Class

Anand Giridharadas reveals how the “Epstein class” protected power and privilege across parties while victims waited for justice.

#capitalism #corporatePower #economicJustice #exponentialGrowth #FederalReserve #laborRights #MedicareAdvantage #MiddleClass #PewResearchCenter #progressiveEconomics #socialSafetyNet #ThomasPiketty #wealthInequality https://wp.me/p1OjMZ-oJa

The Epstein Class: How Wealth and Power Shielded Abuse for Decades

Anand Giridharadas reveals how the “Epstein class” protected power and privilege across parties while victims waited for justice.

#AnandGiridharadas #eliteCorruption #EpsteinClass #independentJournalism #JeffreyEpstein #mediaCriticism #Oligarchy #politicalAccountability #ProgressivePolitics #wealthInequality https://wp.me/p1OjMZ-oJ4
The WSJ's recent piece claiming billionaires’ low taxes threaten the economy misses the mark on its core argument but highlights a crucial issue: wealth is increasingly concentrated among ultra-rich few who often avoid paying their fair share. Discussions rarely focus on the true economic powerhouses—the 0.1%, 0.01%, and even 0.00001%—who wield the most wealth, influence, and tax avoidance. While the top 1% pays about 27% of federal taxes—including income, payroll, and other taxes—their overall tax contribution is still significantly less relative to their wealth. This imbalance fuels inequality and threatens democratic and economic stability. Check out what Paul Krugman writes here: https://paulkrugman.substack.com/p/the-ultra-rich-are-different-from #TaxJustice #WealthInequality #BeyondTheTop1 #TaxReform #EconomicJustice
The Ultra-Rich Are Different from You and Me

Only the little people pay taxes, redux

Paul Krugman

We need to build better and more equitable education systems. How rich you are born today influences way too much your chances at educational and professional success. Social mobility should be maximized!

https://www.youtube.com/shorts/wqduTqIGm1g
https://en.wikipedia.org/wiki/Social_mobility

#SocialMobility #Equality #WealthInequality #Piketty #Inequality #Equity #Freedom #Democracy

Why rich kids always win at life

YouTube

British economist and former Citi trader Gary Stevenson warns that Australia is losing its "fair go" ethos due to a worsening housing crisis and widening wealth gap. During an Australian speaking tour, he told the ABC that governments worldwide are failing to seriously tackle inequality. Stevenson advocates for higher wages, improved housing affordability, and tax reforms that take more from the wealthy to boost living standards for low and middle-income households. He warns that without action, Australia will face the same decline in public services and rise in poverty seen in the UK and Europe. Despite his large YouTube following, Political leaders, trapped in "bubbles," are resistant to changing the economic status quo.

#garystevenson #australia #fairgo #housingcrisis #wealthinequality #economicinequality #taxreform #livingstandards #publicservices #poverty #uk #europe #abcnews #abcbusiness

https://www.youtube.com/watch?v=cB9pK0qHSoA

Gary Stevenson warns Australia's housing future is on the brink | The Business | ABC NEWS

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