Australia is now sprinting headfirst toward a future where you get billed for wealth that isn’t liquid, isn’t realized, and, if the market tanks tomorrow, might never even exist. - Upgoat - "what's upgoat!"

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Australia is now sprinting headfirst toward a future where you get billed for wealth that isn’t liquid, isn’t realized, and, if the market tanks tomorrow, might never even exist.
submitted by Sector2 to Australia 9 hoursMay 20, 2025 12:36:42 ago (+28/-0) (quoththeraven.substack.com)
https://quoththeraven.substack.com/p/australias-unrealized-gain-tax-plan

https://www.zerohedge.com/news/2025-05-19/australias-unrealized-gains-tax-will-be-lesson-economic-suicide

Sounds like Aussie investors will be getting the rope.

19 comments block

UncleDoug 7 points 6 hours ago

Taxed on the promise of returns.

Labor is a communist party.