I look at CGT as a 50% tax discount Look, if you earn money, you...

I look at CGT as a 50% tax discount

Look, if you earn money, you need to pay tax. It's how we feed the goose that lays the golden eggs. It's part of the reason why our country is so friggin' awesome.
If you earn money from a capital gain on something you've owned for more than 12 months, you get 50% off! How good is that?

Yes the progressive tax rate is oppressive at the top end and is a disincentive for those wanting/needing a second job.
Yes the Goose (govt) is fat and eats too much. Don't we all at times?

If you're paying anymore than 32.5% tax, you need to change your setup. Speak to a taxation specialist, not your vanilla, rubber stamping, "I do tax returns for $150" style of accountant. I paid $1700 for a 1 hour consult. Sounds ridiculous right? He saved me $45k in the first year and at least $15k p.a. ongoing. Money well spent. You get what you pay for.

Not financial advice, I'm not a financial advisor, DYOR, Blah Blah Blah.

Signed, Yourresidenthappytaxpayer