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Escape From Australia : Where to go ?, page-269

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Furiousgeorge

5,966 Posts.

414

06/09/23

07:10

Post #: 69746149
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Originally posted by bellcurve: ↑

John, i guess if a property owner could guarantee that 100% of the increase in its value was due solely to work by the owner then a windfall tax wouldn't be fair.

but of course that is a ludicrous proposition.

what you're antsy about is a classic example of a rising tide lifts all boats.

increased prices for property reflect wider social forces at work. There's no earthly reason why the property owner alone should scoop all the capital gain when they contributed only to part of the gain.

its entirely rational society should benefit via tax from some of the capital gain. Sadly, in the modern world, rationality doesn't always trump greed.

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