I'm not educated on the matter but I see the media (which is owned by billionaires) complaining while I'm still fairly broke so I reckon it's fine.
post
in-depth discussions from a tax/investor/small biz perspective (most of it is not applicable to me or 80% of the population so i just watched at 1.5x speed to get a gist of issues)
https://www.youtube.com/watch?v=yMV0PA2jkrk
edit: some of the 'problems' like the negative gearing impacting borrowing power... i'm like good... that's the point!
problems like restructuring costs and stamp duty... yeah that's kinda a legit issue.
Many of the wealthy seem to dislike it, for reasons of unwealthiness.
The rich none working asset grifters were gifted a dream tax bonus by the cruel and deformed grifter dwarf(aka John Howard) now the White Knight Sir Albo has wounded the nasty tax dragon who defended the rich grifters, the rich grifters are wailing and moaning and want the red headed witch Poorline to revenge them!
Story to be continued .......
replies:
the issue ? reading the endless complaining of self entitled whiney cunts.
Rich people are throwing all their money into trusts to dodge taxes.
They all think they earned the money. They think they're doing us a favor by profiting from houses
This doesn't affect anyone truly wealthy. They allegedly don't 'own' anything or pay tax in their own name. In this country. Generally.
It will affect some people who don't have accountants or financial.advisors, or allegedly, maybe, bad ones.
I'd recommend you post your questions to an AI to get a good understanding.
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