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The biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversation (www.theguardian.com)
submitted 1 year ago by to c/australia@aussie.zone
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[–] 8 points 1 year ago (3 children)

We really should have inheritance ax, over say $3Mil, taxed at say 95%. You're dead, you don't need it.

Oligarchs carrying foward should really be intolerable, inequality is the death of a civilised society.

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  • [–] 1 point 1 year ago (2 children)

    So say i own a house and my wife owns a house and we hit the 3 million dollar mark in land value in 40 years,

    You think that 95 percent of that should go back to the government rather then or children?

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  • [–] 6 points 1 year ago

    Not sure whether it changes anything for you, but I think they're proposing that each dollar past the 3 million be taxed at 95%. Both the 3 and the 95 being spitball numbers, of course. I'm not confident that 3 million will be worth much at all in 40 years anyway.

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