Remember when this absolute fuckwit wanted to tax profits from unrealised gains? You had not even made a profit, and he couldn't even wait to take money from you. These ratbags have got to go.
The highest house prices in the world, the highest immigration rates in the developed world, the most retarded population in the world apparently (NDIS), and now the highest capital gains tax on Earth.
'The lucky country'
Run by communist despots.
If Labor had any intention of fixing the housing crisis they would end mass migration and ban the foreign ownership of our homes. They have no intention of doing either.
My wife's dad is an old school Wog.
Hard working. Loves his family. Frugal. All round great bloke.
He worked 3 jobs when my wife was born and stayed at one of the companies for 43 years.
He has one investment property, the house my wife was born in, and their family home in an affluent area.
He has enough money to do whatever he wants but he's a tightass. Unbelievably tight.
I've spoken to him about it many times and he says all his life he followed a plan, built wealth, a great life for his family and has a simple goal to pass it down to his kids and grandkids.
We told him for years to enjoy his life's work. That's what we want. Fly business class. Go to expensive restaurants often. Buy whatever gadgets you want. Just enjoy it!
Nope. He is deadset he is passing on his accumulated wealth to his kids and grandkids.
Now it seems Labor will be taking a big cut of his life's work. In the spirit of "intergenerational fairness".
The confiscated wealth will be used to pay the ever expanding political class, send it overseas to things that have nothing to do with him, support free loaders and an NDIS program littered with fraud and waste.
Tall poppies will tell me why should he be able to accumulate wealth and pass it to his kids when they can't.
Well, try spending more than 40 years of your life working, saving and investing to give your family a head start in life.
Like every parent should do for their children.