Recent content by Rain72

We are among many struggling with high insurance premiums because insurers unfairly and without any real reason refuse to insure houses with a particular type of cladding that is very popular, affordable, strong, resilient, fire proof, and easy and cheap to repair or replace. There is simply no...

Irrelevant. The type of tax being proposed is the problem - not who will or won't pay it nor how much it is or how much it adds to a total tax burden. Unrealised gains tax is an insidious, dangerous and dishonest tax on money that doesn't exist. You don't have any cash to pay it. Ir's on...

Please stop listening to political lies When your food bill and rent go up, you can blame this new ''not a tax' that jealous liars are telling you will 'only affect 0.5% of super accounts'. It won't actually affect many with more than $3 mil in super, love, because most will move their...

Nothing to do with rich crying poor. Those impacted will simply move their investments to avoid it and that will damage the economy and everyone will suffer - the poorest most of all. It's not about who has how much super. Taxing paper money that doesn't actually exist is the most dangerous...

Modelling has shown that if this unrealised gains tax on super over $3 mil is implemented, $94.5 billion would be removed from the Australian economy and $155 billion of superannuation savings would be redirected into tax-free structures such as principal places of residence, exacerbating the...

I doubt it. Two thirds of the nation didn't want Labor returned.

Super tax and farmers tax are definitely NOT separate issues. Many family farms are held in super funds that will be impacted by this insane unrealised gains tax. As for giving Albo a mandate - only about 1/3rd of the nation voted for him and he imported a lot of votes to rig the election. Most...

Wait for the damage and see if it's ''right wing rhetoric''. I assure you it is not. This dangerous tax will do massive harm to the economy. It has done in France, Norway, Sweden and Germany. All of those countries had to scrap it due to the economic harm Expert modelling shows that $94.5...

They would claw back a lot more, make the system much fairer, avoid setting a dangerous precedent with a very insidious tax, and avoid major economic damage that is threatening if they simply adopted the Henry proposal from 15 years ago. Change the tax on super from a flat 15% to 15% reduction...

And that is totally irrelevant to the issue - which is whether or not completely changing the tax system to make it okay to tax income that doesn't exist is acceptable. And it isn't, no matter who is targeted. Because it sets a very dangerous precedent and introduces a fundamental unfairness...

You are missing the point entirely. This type of tax is patently unfair and dangerous. It's not about who will pay. It's about the type of tax and the precedent it sets. And there are much fairer and better ways to make the system fairer. Ken Henry suggested the obvious solution to inequities...

Why set a new type of tax that sets a dangerous precedent and does nothing to address the huge cost of superannuation tax concessions and the gross inequity of a system that gives huge concessions to high income earners and minimal benefit to low income earners? Fifteen years ago, Ken Henry...

Hopefully removed, because it is the most evil and dangerous tax ever contemplated, and it will do major harm to the economy. It was removed quickly after being introduced in Sweden and Germany, because it became clear very quickly that it was doing major harm. It caused a huge economic...

People who have $3 million aren't worried. They are moving their investments. And in doing so, they will hurt the economy and make all Australians poorer. And you, along with every other citizen, will pay for this insidious and evil tax

Lack of indexation is a flaw, but it's not the major problem.The major problem is the whole concept of taxing unrealised gains - gains that never actually happened that and might never materialise as real money. Where do we go next? Tax the wages you might earn in 2035? Tax the increased value...