James Thomson

foresee a small increase in rent.

So I think they're talking something like seven bucks a week over the next decade.

They think the impact is going to be fairly limited based on their modelling.

I guess we'll see if that's right over time.

Yeah, I'd take Dean's point.

You can make the argument that those are three steps in the right direction, but it's the other side of the coin that's missing here, Dean.

You can do part of this, but then you've got to say, all right, here's the ways we're changing the tax settings and government spending to try and incentivise this type of behaviour.

Where's the program to drive productivity and growth and economic dynamism at the same time as we're asking some Australians to sacrifice more?

Yes, those are steps in the right direction, but they've got to be matched with the sort of reform that Jim Chalmers was talking about at the economic roundtable less than a year ago.

And that's the opportunity that's been missed.

And I think that's where the frustration of the business community in particular is red hot.

That's great.

Yeah, yeah.

Family farms are shielded.

Ordinary households are untouched.

Unlike income or capital gains tax, it creates no drag on productivity and no penalty for earning or investing during your lifetime.

Why not put it on the table?

Yeah, you said the words, Anthony, the magic words, death tax.

I think, Mark, this will eventually have to be considered.

Inheritance taxes are common in every other part of the world.