Cameron luke

[Geoff Wilson @GeoffWilsonWAM]

Economic vandalism disguised as “fairness” by the Government as next weeks budget leaks about the CGT changes become clear.
Treasury wants to axe the 50% Capital Gains Tax discount for every asset class shares, businesses, startups, farms, crypto and replace it with old-school inflation indexation. The result? A punitive raid that doubles the tax on long-term success.
Take this stark example:
$10,000 invested today, compounding at a realistic 15% p.a. for 50 years = $10.84 million (the kind of outcome ambitious young Australians dream of).
Under the current 50% discount: Government takes roughly $2.54 million in tax.
Under their new inflation-indexed regime: Over $5.07 million, DOUBLE THE TAX.
This isn’t reform. It’s a direct assault on aspiration, risk-taking, and wealth creation. Younger Australians locked out of property and relying on equities and entrepreneurship get hammered hardest, while the government lectures about “intergenerational equity”.
The hypocrisy is breathtaking. Boomers and Gen X built wealth under the 50% discount for decades. Now the Government is pulling up the ladder and calling it progress. This is intergenerational betrayal, not equity.
Australia doesn’t need more tax grabs. We need productivity, innovation, and incentives for private investment. This policy will drive capital into the family home, term deposits, or offshore, anywhere except productive Australian businesses.
Short-term political cynicism with devastating long-term damage. A betrayal of the next generation’s chance to get ahead.
Business leaders, investors, and entrepreneurs can’t let this happen.

What’s your view on how we push back?

#CapitalGainsTax #Budget2026 #EconomicVandalism #AspirationalAustralia #TaxGrab