nadiagant on Nostr: I forgot to add…whichever (Australian) government gets in next are pushing for ...

I forgot to add…whichever (Australian) government gets in next are pushing for people to be able to use their super to purchase a house…

Property will pump = more super will be greater than $3m = more taxes on unrealised gains

And that’s the ponzi 🖕🏼

quoting
nevent1q…9wg8

Only super at this stage...

You may read this is only going to impact those who have a super balance over $3 million...which is apparently only 4.5% of us. However I am still concerned...

This means unrealised capital gains are taxable. Well that opens up all sorts of avenues for the pricks.

There is nothing to say at this stage that the $3 million cap will allow for inflation...it sounds like a lot in 2025...