"cash isnt treated fairly, if it was it would mean more savings...

  1. 21,737 Posts.
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    "cash isnt treated fairly, if it was it would mean more savings "

    What a load of crap - you get market rates for your savings don't like it then don't leave your money there simple as that. You get taxed on any earnings just like any other asset class and you can claim costs to make those earnings just like any other asset class.

    This whole crap about speculation is NOT the problem of NG. You want to reduce speculation then return to the indexation method for treating capital gains as it will reduce the incentive for those only interested in flipping an asset over the short term and will reward those that hold the longer they hold before they sell.
 
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