The ultra-wealthy have milked Australia's broken tax system for too long. Today, we must confront how negative gearing, CGT discounts, generous super tax perks, and the absence of inheritance taxes disproportionately benefit the richest Australians. Meanwhile, essential public services and housing suffer.
It’s time to shift the burden back onto those who’ve benefited most. Tax reforms like limiting super tax concessions for massive balances, scaling back property and capital gains loopholes, and finally introducing a fair wealth or inheritance tax aren’t radical—they’re long overdue.
A truly equitable society isn’t achieved through giveaways to the rich, but by ensuring all Australians pay their fair share. Justice demands no less.
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