The irony if the endless artickes in the AfR decrying how unfair it all is.
Running alongside articles about how terrible it is there hasn't been tax reform for 24 years
It's the same whenever the possibility of death taxes are raised, I am always bemused how the average person is outraged by this, as though a high tax on say >$10Million inheritance is some sort of outrage but inherited dynastic wealth that leads to vast inequality and political manipulation isn't. Let alone it was often made off the back of generous tax subsidies in the first place, like large super balances.
80,000 rich Australians, mostly its via an SMSF and they dump.assents in ther to avoid ..paying tax , whihc is the entire point of this.
Personally i think the Greens $2Million cap thats indexed is a better idea but Im sure Albo will die on that cross with his hatred of The Greens as he's now trying to work with the LNP to get it through the Senate instead.