be worried very very worried
rudd and his socialist gang are proposing to scrap the capital gains tax discount.
this will be very detrimental to all types of investors including stock market investors, property investors, superfunds, retirees, farmers, business operators.
the emerging australian resources and infrastructure needs will be especially crippled as it seeks to procure investment funds.
as investment dries up due to punishing taxes the australian economy will curl up and die.
this will leave the way open for the cashed up chinese to romp into australia, buy up our resources and take over our future.
and they already have killed of our manufactureing with cheap shoddy imports.
these higher taxes will also result in more inflation as taxpayers will be forced to ask higher prices for asset sales to compensate for higher taxes.
you can kiss goodbye to a happy retirement.
be afriad very very afraid.
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