Australia's largest stock trading and investment forum Australia's #1 stock forum

Escape From Australia : Where to go ?, page-93

First 93 Last

Share
Profile

Follow
greenhart

13,509 Posts.

39

04/09/23

15:32

Post #: 69723180
Share

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.

Expand

The windfall tax only applies to properties which have gained > $100,000 from government rezoning. Nothing else.
Govt gives and Govt takes away...

Last edited by greenhart: 04/09/23
Upvote

Reply

Top Stories

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

VUL

Vulcan appoints investment bank and M&A veteran to board

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

There are more pages in this discussion • 295 more messages in this thread...

First 93 Last

SPONSORED BY