@JEChalmers You are cooked with the removal of CGD from everything. Now you have further priced out young people who wanted to use profits on shares or cryptocurrency investments (after investing part of their work income) to try and swap it into a property or to get ahead. Delusional!
@sir_langan@RossCameron4 Also if people work hard and have been able to get rich via investment good on them. It is an achievement. Why do they need to get punished for that?
@sir_langan@RossCameron4 Investment money is usually from work income that has already been taxed. Capital gains is basically a double tax. Why are you assuming it only impacts millionaires? If its only against the rich why is there no threshold level for the tax? Think clearly before writing bullshit.
@Thestewoods@ausstockchick Normally? Aus will have one of the highest Capital gains tax in the world now.
What is the incentive to invest in growth stocks etc when you will pay approx minimum 30% of the profit back to the govt? All the risk taken for much lower reward.