Rebel productivity roundtable better than the real thing

Advertisement

The Rebel Productivity Roundtable is doing a great job of exposing the weak-kneed Danielle Wood version. From The AFR:

Tax breaks for capital gains from property and shares, trusts and superannuation are too generous and should be dialled back to fund cuts to income tax to reward working-age people and improve the federal budget, tax experts have urged Treasurer Jim Chalmers in Canberra.

…Instead, they called for the system to be rebalanced to make it fairer for younger generations who earn most of their income from work and have far less of the lightly taxed wealth that many older people have.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.