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Matthias Görgens's avatar

The Right Thing is to treat capital gains and labour income the same. And tax neither.

Tax land rent instead. That's different from both of them, independent of any accounting tricks.

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Madonna's avatar

Love sweat equity:)It is time to tax ALL UNEARNED CAPITAL. And zero tax on sweat. And tears.

Australia is a tax haven for those “middle Aussies” or “aspirational Aussies “ code for greedy people. If you haven’t earned your capital, you get taxed, big time. And that should including taxing convoluted Keating super , big time. More than it is taxed at the moment.

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