A plea for #TaxReform long overdue, if I’ve ever read one. Rod Campbell writes in The Conversation:
“Scrapping the capital gains tax discount, getting rid of discretionary trusts, placing more limits on the types of assets that can be held in self-managed super funds, and increasing tax rates on people with big super balances would reduce the ability of the wealthy to avoid paying tax.
It is hard to reform tax loopholes because most people don’t understand them and the people who do understand them reap the biggest benefits from them.”
In other words, it’s about time we got the pig’s snouts out of the public trough. These tax #loopholes are a form of #StateTheft and a mechanism for distributing wealth to the wealthiest, thereby increasing #inequity in our society. #Grifters are everywhere you look, some blatantly so, many others look like mum & pop, but these people enjoy profits at the cost of those who struggle to make ends meet.