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.
