We should tax capital and wealth more, not income, to ease the burden on younger Australians and other workers. High income taxes hurt those struggling to save and grow, while wealthier individuals benefit from untaxed property and investments. Fairer taxes can reduce inequality and reward hard work
High income taxes hurt younger workers trying to save, invest, and grow, while older generations benefit from untaxed wealth growth like property and investments. Younger people face rising costs, stagnant wages, and fewer opportunities. Shifting taxes to capital gains, property, and wealth would create fairness, reduce inequality, and ease the pressure on younger Australians. Taxing income less rewards effort, while taxing wealth ensures those who’ve benefited the most contribute fairly to society. This would help balance the scales, support future generations, and address intergenerational inequality without punishing hard work.
Do you agree or disagree and why?
High income taxes hurt younger workers trying to save, invest, and grow, while older generations benefit from untaxed wealth growth like property and investments. Younger people face rising costs, stagnant wages, and fewer opportunities. Shifting taxes to capital gains, property, and wealth would create fairness, reduce inequality, and ease the pressure on younger Australians. Taxing income less rewards effort, while taxing wealth ensures those who’ve benefited the most contribute fairly to society. This would help balance the scales, support future generations, and address intergenerational inequality without punishing hard work.
Do you agree or disagree and why?