Iron ore price, page-30620

Our capital gains tax rate is currently our notional tax rate if the asset has been held for less than 12 months, otherwise it is 50% of our notional tax rate.
So for most big investors, their tax rate is already 47% (including Medicare levy, which is primarily used to fund the elderly's chat sessions with their favorite bulk billing GP). So not sure what tax hike you think is going to happen here?
Discounted Capital Gains was brought in to simplify the indexed discount we had previously. The reason we have these mechanisms in place is so investors are not unfairly taxed on inflationary gains (in other words, there was no real gain in the asset, just the rise due to inflation).

If discounted capital gains was to be dropped, then we would need to go back to the more complex system it replaced (every year had an index rate which was to be applied to reduce the CG). I'm not saying it won't happen, but it will be unlikely until the Baby Boomers have safely sold off their assets first I would imagine.