It makes sense once you realize this is not a rational thought out economic decision, with positive outcomes that will address housing.
It is an ideological driven agenda of wealth redistribution.
The left don’t like wealth creators, they don’t like non Unionised small business, they hate inherited wealth.
It’s classic class warfare they are creating , or trying to.
They just don’t understand that most Australians work hard for what they have ,despite Govt’s interference and over taxing. And ultimately, at the end we all want to leave our children and grandchildren something to make their lives better.
Those same children and grandchildren now will have reduced opportunities to get a head start , and grow their home deposit, etc - with these appalling changes to CGT on non property assets.
And they haven’t finished.
CGT on the family home, and taxing our deaths, and a duty on Gifts- will all follow - if Labor and the Greens are not stopped.