Someone already earning more than $195k, ie top 5%, is complaining that their additional side investments will be taxed at the same rate as a worker on the same income…
Under Labor's CGT proposal, if you're on the top marginal tax rate of 47%, and there is 2.5% inflation, to make 10% after tax investing in shares you need a pre-tax return of 16.65%. You're better off putting money into the family home. Labor is killing share investing in Aus.