The great Aus wealth divide, page-23

I agree, there are some phoney "free marketeers on these threads
who want to cherry-pick some items of the free market to make a point
but ignore the role of tax concessions/tax avoidance plays in making
the rich richer thereby increasing the wealth gap. it should be all about fairness and equity .

EG: take two Aussies:
Bruce 1 : works hard and earns $100K P/A and is taxed on it as per the PAYE scale

Bruce 2: Doesn't work because he has inherited shares and sells say a bundle
p/a yielding $100K capital gains.

Bruce 1 pays at least twice the tax of Bruce 2 because Bruce 2 gets a 50% tax discount
. on his income (capital gains)

And that's only one tax distortion of income.