Genius Idea- Death Tax Grants Could Fund Housing Deposits for Young Australians

The 'bold' tax plan that could give a home deposit to all Australians at age 25

 

It has already been seen that increasing the deposit of buyers juices the market, making affordability even worse. Where do they find these idiots?

 

You find these idiots in the union, where else.

 

It's like the FHOG. In Perth, when they boosted the FHOG to $10k, first home buyer type properties boomed. Ironically, they went up more than $10k, exactly as you stated: making affordability even worse.

 

where else??the other cesspool of radical left-wingers... universities.

 

The avoidance of death tax is a massive revenue earner for advisors in other countries.

All this will do is further increase the wealth of families who can afford great advisors and make the middle income families pay a high share of taxation.

And we already have a de facto death tax in superannuation.

 

As a communist I am all for it.
As a capitalist revenue advisor I am also in favour.

 

I can see many families willing to part with $3.5m if it were paying 2:1 but it ain't gonna happen.

 

The left wing AMWU of course

Edit: Or their political wing, the Labor Party...

 

Hey House, whilst these wild and obtuse ideas are being thrown around, what about a 50% death tax on all politicians, past and present, when they kick the bucket, given their extremely generous super and travel entitlements and other w*nkery that no one else gets (assuming you are not the CEO of Aust Post, where it seems turbocharged...) and 5% on everybody else?

Then all 25 year olds can buy overpriced assets with a deposit based on free money, and some entrepreneur can make a bundle by selling them cardboard boxes along the nature strips boardering the Hume Highway.

At least the supply issue will then fixed at the same time.

Win-win.