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Modelling shows 90% of young Australians will be better off under Labor’s tax reforms
(www.theguardian.com)
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According to government modelling lol. The same government making the changes without running on them as an election point, the same government who before this election promised they wouldn’t make these changes. Sorry if I don’t believe them.
The CGT changes don’t make young Australians better off. They mean that investing just got a whole lot less effective as a means of building wealth.
Which in turn wont make young Australians better off in terms of entering the housing market or paying too much rent due to a housing crisis caused (in part) by that very means of building wealth?
Why should investment income be taxed less than employment income?