Hass McCook retweeted
Removing the CGT discount on shares is a garbage move.
People buying ETFs aren't the reason the housing market is broken. In fact, many use them to save for a home.
Gen Z and Millennials are finally building wealth through being the biggest users of micro-investing apps (69% of users), and the Govt just screwed them over 🤷♀️. #AusPol #Budget2026
Hass McCook retweeted
If this is all about housing for young people then why are all our other assets being included such as shares , commercial property , industrial property what’s that got to do with housing ?
Hass McCook retweeted
Get rid of Negative Gearing, or even CGT discount for investment properties and all that - do whatever you like, it's an easy sell to majority of voters! But LEAVE OTHER ASSET CLASSES ALONE!! Ridiculous!!
900 residents of the Kooyong electorate????? I find it hard to believe a random sample of people in Toorak (the country’s richest suburb), Hawthorn, Malvern, Kew, Camberwell and so on would actually say that… maybe I’m wrong… maybe she was/is misdirecting people…
No one is doubting housing needs changes but how does taxing business owners and share investors change that? CGT save negative heating are totally different things. What happens to debt recyclers? Or people or corporations who use debt to fund or buy businesses?
Hass McCook retweeted
The @ausgov plan to double the tax on real returns for the CGT. For clarity we support this change for property.
The problem is applying it to productive assets like ownership of Australian business that will destroy the aspirations of millions of young Australians.