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

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 12 hoursMay 20, 2025 12:36:42 ago (+30/-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.

23 comments block

localsal 3 points 5 hours ago

It's not a zero sum game though, and the (((government))) will always win. Claiming back losses doesn't give the same value as not claiming the gains.

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