@BikoKonstantin1 Also need to ban overseas investors (non Australians) being able to buy property in Australia and the look at the role REIT's have in maintaining higher prices.
@AvidCommentator @NatedawgO7 Increase for equities to encourage investment & innovation. Reduce the CGT discount on property by 50% for every successive property owned. Watch the rotation into equities unfold (as it should always have been)
@AvidCommentator It locks out newcomers, and encourages people to defend a broken system as “normal” or blame younger renters, even though the system itself only works if each generation takes on more debt and pays inflated prices to sustain the last. 2/2
@AvidCommentator Ponzi system: once you manage to get on the housing ladder, your personal incentive flips from affordability to ever-higher prices, because your paper wealth and financial security now depend on the next buyer paying more than you did. That dynamic rewards incumbents 1/2
@ausstockchick Turn housing into a speculative assett - and it’s open to risks both psychological and financial: mania, irrational exuberance, emotional decision making, overexposure, liquidity traps, leverage danger, herd mentality & confirmation bias = POP 💥
@999copperhead@ausstockchick 2/2 e.g Someone who inherits a $10 million stock portfolio can live off dividends, reinvest profits, and grow their wealth without working—gaining financial freedom and the ability to take risks, start businesses, or access elite education.
@999copperhead@ausstockchick 1/2 You cannot have equal opportunity when individuals born into wealthy families immediately gain access to better education, connections, and security. This simply entrenches inequality and undermines the principle of fair competition and equal opportunity.
@999copperhead@ausstockchick Lock in inequality, limit social mobility, and create a two-tier society: one with inherited advantage, and one without. That’s bad not just morally, but economically too — it stifles innovation, weakens democracy, and traps potential.
@999copperhead@ausstockchick 2/2 That can lock others out of housing, education, and business opportunities. Inheritance tax is one of the only tools we have to prevent that kind of permanent inequality from becoming baked into society - so we aren’t stealing from future generations.
@999copperhead@ausstockchick 1/2 The bigger picture is about keeping the opportunity open for everyone, not just those born into wealth. Without some way to moderate massive wealth transfers, we end up with dynasties — where wealth, power, and influence are passed down, not earned.