u/Bubbly_Efficiency727

Given our economy is a rent seeking paradise, why should we have lower taxes? There is so much rent seeking behaviour in our economy, however residential real estate tops the list. Why should a cohort of people see wealth accumulate without any tangible action by them to improve economic output?

We should be taxing property heavily, as well as mining, banking and supermarkets. There should be a levy on the big 4 banks and Coles and Woolworths.

Government should identity rent seeking industry and tax it, whilst remove taxes for productive industry. Hopefully there is a GST carve out for start ups which has indicated could happen.

We need more Mike Cannon Brookes in this country and less people like Tom Panos.

I reckon regional and Brisbane and Perth among the big cities could be in big trouble. Especially if rates keep rising

Can't remember such strong words on the housing market from a position of power. Sounds like something you would hear from a Greens senator. I think the ALP will have more cracks at the housing investor class going forward. This tax reform focused on property is only the beginning