@ALeighMP So you hate successful people. Work hard in this country and you get nailed for it. Great... So you're saying don't work hard there is no incentive.
@theshaggyfox@SpiritOf_TheAge@drcwhos@newscomauHQ@JEChalmers They aren't tax dodgers, though, they are people that have worked hard to build a nest egg so they DON'T need public welfare when they retire. Each person you steal their super from becomes a future tax burden on each of us. $3m isn't a lot in retirement these days.
@theshaggyfox@SpiritOf_TheAge@drcwhos@newscomauHQ@JEChalmers No unrealised capital gains can fluctuate, so what happens if that asset drops in value after you paid the capital gain? Also, why would you now invest in your super fund if you know this will happen? You simply invest elsewhere. This will draw all that money out of Australia.
@theshaggyfox@SpiritOf_TheAge@drcwhos@newscomauHQ@JEChalmers You get taxed when you sell it, and that should be offset against your losses. You can't just take profits and not consider losses. Only people who don't understand business think this way.