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08/03/19
11:25
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Originally posted by pintohoo:
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"They will be grandfathering, but why penalize new investors?" it matters not if new investors are treated differently - all that matters is whether it's a good idea or not is it a good idea to have an incentive for people to hold longer term investments or not? Personally, I think it probably is - but, it's only a gut feel. IMO our nation has a lot of problems and a lot of the issues more than likely come down to short term gain or short term thinking - rather than thinking, planning, and investing for the longer term the 'concept' stretches over many areas -- right from parliamentary terms to real estate holdings to stock holdings to executive pay that rewards by quarters and a year as opposed to much longer returns and outcomes short term investing or thinking really gives one a lot of bad things - equate it to a car or an engine --------- if all you care about is that the thing has to be ready to go by the next morning - then, you probably won't bother checking the oil or water that day - but, if you know that this is the machine and the only machine you have for the next decade - then, you are probably far more likely to check the oil and water every day before you start up it's just the way of humans I don't think that a 50% capital gain deduction is a bad idea ------------ I would rather see it over 5 years than one - it might stop the issue of buy and flick even more so - which is what has driven our housing in capitals to levels that surely everyone can see is pretty damaging.
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Yes I dont see why we should have CGT at all. Politicians use Discretionary trusts to reduce tax significantly but tax the crap out of the people. If people were allowed to keep their CGains they would spend more its realy that simple. People not spending is a big part of why the economy is stailing and if you i crease wages people wlill spend more but pies wont do that eithet. Polies have other agendas not driven by the best interests of the people.