Yes it takes time to build wealth but what I am referring to is the policy changes of 50% CGT cut, negative gearing and loopholes in superannuation that favors mostly the baby boomers. The report suggest that it makes no sense that retirees have increased their wealth by 61.2% compared to people that are working or at their peak age of their career. The second highest group is the 55-64 bracket with an increase of 39.1%.
I have been a culprit in using 6 year CGT rule and negative gearing in all its legality. I do understand its impact on the property market.
And yes I agree with you that some people waste their life away or are too impatient and want everything on the spot.
- Forums
- Property
- 50% droup in property is not crash
Yes it takes time to build wealth but what I am referring to is...
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online