Mojo ♻️Feb 25

Former RBA governor Bernie Fraser just told a Senate hearing the 50% capital gains tax discount is a rort that should be scrapped entirely. He called out the 'toxic' cartel of existing homeowners, property developers, and vote-chasing politicians who love skyrocketing house prices because it pads their pockets and wins elections. Meanwhile young Aussies are priced out forever.
Time to tax unearned wealth properly and make housing a home, not a casino. Abolish the CGT discount – one small step to fix the generational theft.

#CGT #Auspol #HousingCrisis #TaxTheRich #EndTheCartelb

https://www.abc.net.au/news/2026-02-24/former-rba-governor-bernie-fraser-calls-out-toxic-tax-debate-cgt/106381176

Former RBA governor calls for capital gains tax discount to be scrapped

Bernie Fraser tells a Senate committee hearing on capital gains tax that, if it were up to him, he would abolish the discount, as he warns younger Australians are watching the unaffordable housing market in "dismay".

Show threadraspberry

@mojo am i reading this right??

> "I want to stress owner-occupied housing, which is where I think the egregious under-taxation is, and that is generating a lot of unproductive behaviour," Professor Breunig said.

huh???

good one RBA Bernie Fraiser though.

Feb 25 at 1:36pmWeb