James Thomson

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.

They were common in Australia until the 1970s.

And I think as we see the economy shift and change in the next 30 to 40 years, I think at some stage they'll be back on the table.

But you're right, Anthony, they are very politically unpalatable and it will be a brave government that touches them.

Anthony, we should say thanks to all our correspondents for writing in.

We had some great questions and we just wanted to summarise a few, bring a few together, because as we say, the budget remains red hot out there and we'll keep following the fallout as we go on.

But for now, we'll come back after the break and look forward to a very big Wednesday.

Back in a sec.

Welcome back.

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