Libs need to press the ALP on a death duties .They will cry foul re a scare campaign (mediscare hypocrisy)
Under an ALP gov I see a massive exodus of capital -business will apply capex to operations away from an ALP
anti-business regime .Private investors ,particularly those stung with the dividend imputation theft will do likewise.
The AUD will tank big time and imported goods soar in price ,unemployment will surge and property will be hit with a perfect storm
of hugely tighter lender standards (as will all business post banking RC),removal of NG ,capital gains tax increases, higher unemployment
- in short hyperinflation.Everything you need will go up in price and what you own will go down.Labor will get desperate for revenue (Greek style)
and roll out death tax.Its not a pretty scenario -socialisms only virtue is to share the misery.As investors we need to be prepared -capital has never been
so mobile -I will only invest in ASX companies with overseas earnings, if at all -and batten down the hatches at home.
No country in history has ever taxed itself into prosperity -risk capital is the oil that keeps an economy rolling -under Labor the screeching will be heard
everywhere except to the ideologically deaf.
