this post was submitted on 11 Feb 2024
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Australian Politics

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[–] [email protected] 7 points 9 months ago (1 children)

We tax income — wages — massively. Wealth and assets? Lightly.

Ironic given the LNP's comments about lifters and learners. If you are sitting back leaning with wealth, you pay fuck all tax. If you (lift) work for a living you pay through the nose.

All the hot air about stage 3 tax cuts would have been better saved for a debate on negative gearing, capital gains tax discounts and broad based land taxes. Can't shift land offshore to dodge tax.

[–] [email protected] 4 points 9 months ago

@Longmactoppedup
Land value tax would be good.