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Daily Discussion Thread: Tue 07 Nov 2023
(aussie.zone)
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this post was submitted on 06 Nov 2023
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I think the fairer way to manage inflation is for the government to raise taxes temporarily. At least then the burden is shared more equally.
I think we need to increase taxes permanently, and start spending more money on essential services again. But we need to tax in a fairer way, aiming to reduce inequality. I'd be looking at captital gains tax and the huge discounts we give. And unpopular as it may be I think we should tax gains on residential homes. Which would not actually be as much as people would fear - once you take out a deduction for interest payments, stamp duty, rates and all the other costs most people would not actually have that much gain, but people who receive windfalls from being in the right spot would contribute some of that back to society.
Hmmm yes take more money from the people trying to buy a house to live in. I like it. Thanks for the idea, Satan!
It would be taken from you anyway when the landlord jacks up the rent to cover the increase in the mortgage on the rental property, assuming they have a mortgage.
That aside, tax increases obviously would be adjusted per tax bracket to manage the impact.