Via Domainfax:
“We haven’t had a government prepared to stand up to set a medium-term policy agenda in any area and seek to deliver it,” Mr Hewson told Domain.
“Problems don’t get solved … they get kicked down the road, and when you kick issues like housing affordability down the road or budget repair down the road, or climate change down the road, you are stealing from the next generation who are just going to be left to try and solve those problems.”
Mr Hewson says broad-based tax reform is needed to urgently repair the multi-decade problem and begin rebalancing the tax system, which has been to the detriment of younger generations of Australians, albeit inadvertently.
He argued housing-related taxes such as negative gearing needed to be grandfathered and capital gains concessions that investors benefit from capped over time.
We already have it in the bag, Dr John, just not from your erstwhile party.
