let's be real, even if these guys get in this policy will never see the light of day in any coalition.
but the angst it would generate would be v funny.
I mean, current house values are all the result of one giant generational heist to begin with.
Train wreck interview for Qiulae Wong and the Opportunities Party as they declare war on pensioners — punishing lifetime savers and those who are “asset-rich, cash-poor”.
Wong effectively tells them: Downsize the family home you’ve scrimped and sacrificed for your whole life (essentially forced displacement), or defer the tax and rob your children’s inheritance by hundreds of thousands of dollars.
Wong then doubles down, arguing that those whose properties have risen by a million dollars or more should be taxed on those gains — seemingly blind to the fact these are mostly unrealised paper gains that have already driven up their rates.
In reality, this policy could pressure thousands, if not tens of thousands of pensioners into selling their family home.
Every dollar paid in Land Value Tax (or deferred) is money taken from healthcare, daily living costs, or gifts to the grandkids.
The Opportunities Party is sacrificing pensioners for their housing redistribution experiment.