CGT - Tilting the scales back toward labor productivity
Why are we so pissed off about the CGT reforms? I can't be the only 40 year old who things this is a good thing?
It makes it so we can’t use trusts and accounting tricks to drop taxable income to zero while peoples net worth explodes.
If you want a real profit, you can’t just sit on a speculative asset bubble anymore. You have to invest in companies that actually generate real output and cash flow. Thats a good thing no?
Shouldnt we try and stop taxing work at twice the rate of passive wealth accumulation?
My dad thought he was teaching me how to beat the system back with that Rich Dad Poor Dad book. Turns out, the system itself was rigged against anyone who actually works for a living. It’s an unpopular opinion here, but this reform is a long-overdue correction.