Mojo ♻️

Finally! Labor’s gearing up to fix the 50% CGT discount that’s been turbocharging intergenerational inequality & tilting housing towards wealthy investors for decades. Inquiry nails it: workers pay double the tax rate on wages than speculators do on property windfalls. Time to make housing homes again, not just tax-advantaged assets. Big win for fairness if Chalmers delivers in May.

#AusPol #TaxTheRich #HousingForAll

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
Mar 18 at 6:03amWeb
Show threadLats (314 ppm)6d ago
@mojo hope so.
Show threadBot4Sale6d ago

@mojo Predicting Labor does nothing meaningful in this space despite their majority and the needs of the younger generation.

Edit to say: The government isn"t there for your benefit.

#auspol