NSW Labor gov just told federal Labor: 'scrap that 50% capital gains tax discount already. It's funneling billions to wealthy property hoarders, jacking up house prices & screwing first home buyers out of a future.'
$23 billion in forgone revenue nationally, $8.7b from NSW alone. All so investors can outbid young people & turn housing into a tax-subsidised casino.
Even a state Labor treasurer is saying it out loud now.
Meanwhile federal Labor still too scared to touch it because 'muh 2019 election'. Time to grow a spine, Albo. End the Howard-era welfare-for-the-rich racket. Tax capital gains like actual income. Housing is for living in, not speculating on.
#housingCrisis #negativegearing #CGT #TaxTheRich #auspol
https://www.9news.com.au/national/nsw-tells-federal-government-to-remove-capital-gains-tax/786d08ca-d34e-4178-a9e9-ee9e392a7000
Mojo ♻️
npub1m5…jnnzx
2026-01-14 08:04:40 UTC
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npub1m5xps8yz2cwmsc3wjaey73hdk2jn8jf0pkrmfdwaue56satdcq4swjnnzxSeen on
wss://relay.momostr.pinkPublished at
2026-01-14 08:04:40 UTCEvent JSON
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"content": "NSW Labor gov just told federal Labor: 'scrap that 50% capital gains tax discount already. It's funneling billions to wealthy property hoarders, jacking up house prices \u0026 screwing first home buyers out of a future.'\n$23 billion in forgone revenue nationally, $8.7b from NSW alone. All so investors can outbid young people \u0026 turn housing into a tax-subsidised casino.\nEven a state Labor treasurer is saying it out loud now.\nMeanwhile federal Labor still too scared to touch it because 'muh 2019 election'. Time to grow a spine, Albo. End the Howard-era welfare-for-the-rich racket. Tax capital gains like actual income. Housing is for living in, not speculating on.\n\n#housingCrisis #negativegearing #CGT #TaxTheRich #auspol \n\nhttps://www.9news.com.au/national/nsw-tells-federal-government-to-remove-capital-gains-tax/786d08ca-d34e-4178-a9e9-ee9e392a7000",
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