Joshua ByrdMar 17

The politicians are finally learning?

“The discount means that if you go to work as a teacher, a bartender or software developer you pay double the amount of tax than someone who received the same amount of money taking advantage of soaring property prices by buying and selling investment properties. It means that someone who speculates on housing pays a lower rate of tax than the carpenters, plumbers and electricians who actually build the houses.”

https://www.theguardian.com/australia-news/2026/mar/17/labor-appears-set-to-reform-capital-gains-tax-discount-after-parliamentary-inquiry-findings

Labor appears set to reform capital gains tax discount after parliamentary inquiry findings

Report reveals the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market

The Guardian
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@phocks it's really bad for the country overall too. If you had money to invest, would you put it into a friend who had an idea for a small business, or a factory so they can improve their hardware? Or just buy a house? I know which I'd pick. Result, zero productivity increase.
I'm amazed the political class has let this go on so long, because the electorate is filled with the white hot rage of a thousand suns and is about to unload it all, but my expectations for the upcoming budget are still extremely low.
Mar 18 at 2:19amWeb