Agreed, Kenelm. Call me cynical, but I think policymakers have absolutely considered the long-term impacts. I just do not think Australia's financial ecosystem is their concern? Hopefully I am wrong. Because, aside from corruption and weaponisation of the tax system, there is only one other rational basis for a UCGT, which I chose not to…
Agreed, Kenelm. Call me cynical, but I think policymakers have absolutely considered the long-term impacts. I just do not think Australia's financial ecosystem is their concern? Hopefully I am wrong. Because, aside from corruption and weaponisation of the tax system, there is only one other rational basis for a UCGT, which I chose not to mention: liquidating and extracting as much wealth as possible before an inevitable financial collapse. That said, assuming that rationality is a factor is a truly crazy conspiracy theory. ;-)
Agreed, Kenelm. Call me cynical, but I think policymakers have absolutely considered the long-term impacts. I just do not think Australia's financial ecosystem is their concern? Hopefully I am wrong. Because, aside from corruption and weaponisation of the tax system, there is only one other rational basis for a UCGT, which I chose not to mention: liquidating and extracting as much wealth as possible before an inevitable financial collapse. That said, assuming that rationality is a factor is a truly crazy conspiracy theory. ;-)