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@igbinosa23 Perhaps you should know it's indeed a new type of taxation that's never been done before in almost anywhere in the world! Its basically a dangerous "unrealised" gains tax of 15% on top of the normal/realised gains tax of 15%. Grossly mislabeled as a 30% tax. But what would you...

@igbinosa23 Still haven't explained how any of this is a removal of subsidy, what subsidy?

@igbinosa23 What are you on about? We're discussing a new taxation for those above $X, how is that anything to do with subsidizing?

@igbinosa23 Then the threshold should be more like 5m to 10m to target that specifically. Not 3m where "above" average people and professionals will be affected.

@lindseym1013 Oh so then you'd be delighted for them to withdraw the excess into their personal name. Interesting take, that could work as well.

@lindseym1013 If you can't have an adult conversation, don't have one. You literally said PREVENT wealth accumulation. I don't think we should prevent wealth accumulation, but if we do so, then I can come to the middle and say 10m+ is reasonable.

@lindseym1013 I read what you said, so in the new age society you aren't allowed (as you said it's preventative action) to be wealthy, yeah I got it... nice dystopian world you want...

@lindseym1013 Previously you were saying: Now you're saying: Seriously in 30 years time (and even not too soon), 3mill is not going to be "wealthy status" that's just more of a "nice retirement status" it's not just black and white. But with this policy it's more like "you can't have nice...

@flores I know you're just repeating what mainstream media and redditors are saying, and of course I've heard this before, but let's dissect that again... It replaces the aged pension but it's not exactly the same thing, aged pension is funded by tax payers, super is funded by you. How it's...

@flores No, it's for the "above" average person too, sure it won't affect the average Joe but it will certainly be affecting many young and old professionals. If it was truely for the people you described, then the threshold should be more at 5m to 10m.

@olavisjo Wrong. If they specifically said they have no plans of increasing it with inflation, then it's most likely not increasing with inflation for a very long time. It's literally the words from the government. Inflation without tax bracket adjustments, is just simply another form of...