@MisterBandwagon@Ryandally08 The money that's used to invest has already been taxed.
I'm okay with some CGT, but have a discount for people who normally earn in the 37% bracket or lower.
Save the full tax for high income earners.
Same should apply to negative gearing, 1-2 investment property limit.
@MisterBandwagon@Ryandally08 I didnt say that investing is the same as "saving".
I said it helps with saving, just like going to work helps you to save lol.
What people need is more avenues to to meaningfully increase their earnings.
An annual cap on the CGT discount would have been enough.
@MisterBandwagon@Ryandally08 People like Aaron need the CGT discount to help with saving.
If the government was serious about helping young people then they would keep the discount but apply an annual cap to it so that small investors can still benefit.