Grifters’ war on thrift

Grifters’ war on thrift

With the federal budget less than a week away, the Albanese government is shamelessly trashing the promises it made about housing at the last election. Despite what it said, it is axing the 50 per cent discount on capital gains, which is meant to compensate investors not just for inflation, but for compressing modest gains made over decades into one year and taxing most of those gains at the top marginal tax rate. Those who have patiently spent …