On CGT , Return to the taxation of real profits. ie any profits above the inflation rate taxed at the marginal rate. Then the rationale for NG , largely disappears , and frankly , no need to abolish it. No longer is there an incentive to have loss making investments, that convert taxable income into concessional capital gains. You can glean the possible effects of such a move by looking at the graphs of property prices after the Howard changes. You might also consider a return to government owned housing , which has fallen of a cliff in the past 30 to 40 years. cheers
