“Australia seeks to turn theoretical wealth into actual poverty by taxing imaginary money. I hope the world is paying attention.”
https://open.substack.com/pub/quoththeraven/p/australias-unrealized-gain-tax-plan
nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqg86c5f6rnk7684tcaq8cy5ewjzaazam9rkaanh6q95p0lydfaq855t4snwf ... its not indexed so it will creep its way across the majority of the population over time... Oh except for those on the 'exclusions list' (of which there is a legitimate actual list).
MADNESS.
So unfair. So insane.
Yeah this is key, the indexing. So as they print more money, the 3 mil threshold starts to effect more super funds. Clever in some ways
Clear point though: the more you can understand your foe, the easier it is to defend against them
