As an employment lawyer & entrepreneur who’s built a business employing hundreds, I call bullshit on scrapping the CGT discount in the name of ‘fairness’.
Labor claims it’s about ‘balancing labour and capital’ yet politicians, public servants and academics get taxpayer-funded super at 15.4–17%, while private sector workers get just 12%.
Their excuse? ‘It’s part of their package.’ So why punish risk-takers and job creators, but protect special tax incentives for the political class? Chalmers, Albo - care to explain?