<
https://www.theguardian.com/commentisfree/2025/aug/16/the-ultra-wealthy-have-exploited-australias-tax-system-for-too-long-its-time-to-ensure-everyone-pays-their-fair-share>
"Unions want to tackle intergenerational inequality by reforming Australia’s
tax system. For the first time in living memory, younger Australians risk
facing lower living standards than those before them. This is not acceptable to
the union movement, so our one big idea is to rebalance the tax system so that
productivity gains are fairly shared, housing becomes more affordable and
essential services are properly funded.
Australia’s current tax system is exploited by big business and the
ultra-wealthy, entrenching intergenerational inequality and placing affordable
housing out of young workers’ reach, which threatens the services and
infrastructure we all rely on.
We need a minimum 25% tax on gas export revenues, a minimum 25% tax for trust
funds and individuals earning more than $1m, and a one investment property
limit for negative gearing and the capital gains tax discount benefits, with
the grandfathering of current arrangements for five years. These changes have a
simple intention: to make sure everyone pays their fair share, so productivity
gains flow across society fairly."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
