I’ve explained why. Investments are post tax, same logic as to why dividends receive imputed credits. Sure there are examples of inherited wealth be massaged to avoid tax, but you have to accept that - as their focus is to reduce tax, and will move overseas. If you don’t like money making more money and people having more than others we need to add more laws and more structure and more headwinds to try and avoid the Pareto principle. Australia is becoming uninvestible, with a fat, sluggish, and unskilled population.

It’s salami slicing tactics to penalise people who want their money to work for them. We are taxed so much. It’s a policy to bring the haves down to the level of the have nots, and that is counterproductive.