As it is with so many other countries a means tested inheritance tax would be a great way to tackle entrenched wealth & nepo-babies. As with this weeks most popular lie ever told, cap it at say $20M and 98% of Australians will support it.
But that will be for later in labors slow cook of the frog. Negative gearing next term, perhaps restore CGT on housing to correct a massive Howard mistake in term 3.
Then think about an inheritance tax using say the UK model. All will be very popular with the majority of Australians if labor are brave enough to again take on the Murdoch media and the noisy 2%
