Leroy wrote on Jan 23
rd, 2026 at 5:33pm:
Quote:Labor cannot credibly say there is no money to help renters, ease cost-of-living pressures or invest in essential services, while continuing to hand out billions each year in tax breaks to wealthy property investors. Those two positions cannot sit together.
What a smacking joke, who wrote this piece of crap.
Handing out billions in tax breaks each year, the government do no such thing. The government take in billions from CGT and 95% of it comes from older people. Of course older people have an advantage over young people, they have been working for 20+ years more than them and have saved and gained experience to enable them to accumulate more.
Earning your money from capital gains is completely different to earning your money from wages. Take away capitol gains on property and rents would drop, yes drop, investors would be attracted to investing in property if there wasn't a massive CGT bill waiting at the end. Taxes don't bring down prices, they push prices up and guess who wears the responsibility of those prices.
I know a bloke who had a triple heart bypass.
He had a letter from the surgeon saying he couldn't work.
He went to Centrelink to get the DSP.
They wouldn't pay him because he was renting out a small one bedroom unit.
( which he had a mortgage on where the rent paid some of the loan payments)
They told him he would have to sell the unit to get money to live on.
In other words he went to the Govt for money and they forced him to sell his unit
and give them CGT -
they wanted money from him - making money out of his misfortune -
and they got his CGT money.
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