They tax you when you're alive and want to tax you when you're dead.
They then waste our tax money.
$364.6 million for the Voice referendum.
$360 billion for subs which is 9 times the correct price.
We're $1 trillion in debt and they continue to piss our money against the wall.


https://www.news.com.au/finance/money/tax/political-dynamite-prime-minister-urge...





A feared tax that has been implemented in other parts of the world is being floated to the government by somebody it is closely listening to.

September 11, 2023 - 2:10PM



Incoming Productivity Commission boss Danielle Wood has urged the government to have a “sensible conversation” on the option of inheritance taxes for the rich despite admitting the policy is “political dynamite”.

A respected economist, Ms Wood, who will leave her current role at the Grattan Institute to take up the new job, described her personal views as long-standing and based on concerns that the burden of taxation will increasingly fall on younger workers.

She said her personal views did not form part of any work she planned to do at the Productivity Commission for the government, unless it made a referral on tax.

“We know that there is a growing pot of wealth, sitting in the hands of older Australians that will be passed on in coming decades,’’ Ms Wood told news.com.au.

“You would set some kind of threshold for the size of inheritances and only tax above that amount.”

Ms Wood canvassed the option in a recent speech in her role at the Grattan Institute that was first reported by The Australian Financial Review on Monday.

But the incoming Productivity Commission boss conceded the idea was “political dynamite”.

“It’s just a very politically sensitive topic,’’ she said.

“I think it’s because it’s seen as kind of interfering with a personal transaction, which is sort of given out of love, and I understand the sensitivity of that.

Further, I dunno why we feed economists.  If they knew what the f they were talking about, we never be in any financial mess.  Lowe is a classic example.

Aussie wrote on Sep 11^th, 2023 at 4:09pm:



You reckon Albo is not thinking about it?   

Aussie wrote on Sep 11^th, 2023 at 4:20pm:


Hey sneaky dodgy disgraced lawyer. Are you playing weasel words with death tax and inheritance tax which functionally are one in the same?

https://www.dailymail.co.uk/news/article-12503251/Prime-Minister-inheritance-tax...








    Incoming Productivity Commission boss proposes new tax
    Danielle Wood called on the PM to look at inheritance tax
    READ MORE: Greens threaten Labor's Super changes

By Jesse Hyland For Daily Mail Australia

Published: 16:55 AEST, 11 September 2023 | Updated: 17:36 AEST, 11 September 2023

The incoming chief of the Productivity Commission has called on Anthony Albanese's Labor government to implement an inheritance tax that will take money from parents leaving their belongings to their children.

Danielle Wood, 43, the former head of the Grattan Institute thinktank, advocated the new tax in a speech delivered to the Economic Society of Australia on August 30.

Ms Wood claimed the policy would shift some of the tax burden to older, rich people and off younger people.



Ms Wood, who was appointed to the Productivity Commission top job when first choice Chris Barrett pulled out, said the inheritance tax should not apply to all bequests but only those over $1 million.

Quote:


It's ridiculous -
so little value these days even if you're a millionaire -
yet they are bringing more migrants on a mass scale to make it worse.

Dirty Dan in Victoria has invented a land tax on people who own rental properties
which has increased rents to the most disadvantaged people
making it harder for them to ever buy a place.

This will only affect poor people, and the ones who die young. The old and rich will avoid it through trusts, gifts etc.

It would also be a massive disincentive for superannuation.