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here comes death tax , another Albanese lie pre election, page-30

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blueballs

18,503 Posts.

411

12/09/23

10:31

Post #: 69822643
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Originally posted by boomeronrations ↑

No need for a "death" tax .
No need to scrap negative gearing [ both this and the franking credits problems are mostly taken care of by the changes below.]
Both of these proposals have lots of unintended consequences .

Scap the discretionary part of discretionary trusts
Tax retirement income properly , [I'm looking at YOU boomer]
Back to Keating CGT
Make the cgt tax free family home , a tax deferral , ie cgt payable after death [ok , ok , a sort of a death tax]
There are a few details related to rollovers and dependents for the family home cgt , but I wont go into them until I am yelled at a bit.

Now , a regime like that , I think, apart from raising enough cash to run our society , will push our economy towards being more productive by ending the bias in our system towards passive asset speculation .

Just need a few less Boomer voters and all the above may be possible.

cheers

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If you were a true liberal and didnt like govt interference then scrap neg gearing and franking credits rebate...these arent free market policies
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