Larissa Waters

It's not going to affect anything that ordinary people go through.

That's right.

And so they've just grandfathered in everything.

So it's from now on.

That's right.

It's from now on.

So if you were doing really well, like the 1% are, you're still doing really well.

And meanwhile, the rest of us are like, hang on, I thought you were meant to be fixing that unfairness.

No, they've baked it in.

Well, I mean, the property sector is like the property, like their lobby group seems a bit cranky and they're all of a sudden really concerned about young people, which is like, imagine, don't really trust that they've got the interests of renters at heart.

Basically, those super wealthy people are not used to having their assets properly taxed.

And because the shift of this type of tax from a 50% flat rate to an inflation adjustment, because that might make some people pay a bit more tax, they're up in arms about it.

But actually, if we had have raised revenue from those who can afford to pay,

and made the 1% pay their fair share of tax, made those big corporations, one in three don't pay any tax at all, made them pay, we could have actually funded cost of living relief for everyone.

We could be talking about a lift in the tax-free threshold so that people's salary, you get to keep more of it every week.

We could have talked about like making public transport free right across the country.

We could have talked about like freezing rents and building homes and

making healthcare more affordable.

This feels like a utopia.

Yeah, these are the things that we could have if the government had have had the courage to say, all right, we're actually going to cancel those property investor tax perks because they are deeply unfair.