Push for new DEATH tax in Australia from boomer

Contributing sentiments towards policy:

57% : Whether a modern inheritance tax should be part of the fix to help fund income tax cuts, as he's calling for, is the harder question to answer.
56% : But which federal government will go through the pain of introducing such a tax only to hand the proceeds to the states?
55% : It would remove interstate tax shopping and help mend the imbalance between federal and state finances.
50% : Do we really trust government to only introduce inheritance taxes if they reduce income taxes?
50% : Immediate offsets to income tax in the same Budget year (for example, higher tax-free thresholds or lower marginal rates) so the trade-off is real, not theoretical.
49% : Without reform, those inheritances will mostly go to smaller cohorts of already financially secure children, deepening the inequality divide in this country.
48% : His son, a full-time worker earning about $56,000 a year, paid roughly 17 per cent in tax in 2022-23.
48% : The right one now is a pact, not a brawl: bring back a national inheritance tax that is fair, simple, and hard to avoid; use the proceeds to cut taxes that bite on work; and further tighten the most generous super concessions, using some of the new revenue on housing-enabling infrastructure.
47% : If housing affordability is the end goal, inheritance tax reform must happen alongside more supply where people actually want to live, fewer demand-side subsidies that inflate prices (like Albo's new deposit guarantee), and an honest look at how housing is privileged in the tax code, including the tax-free family home and negative gearing.
46% : But Roach and his wife, who are both retired, paid far less despite having a combined annual income of around $200,000 and assets worth more than $5 million. Their effective tax rates were just 11 per cent and 5 per cent respectively, thanks to tax-free superannuation income and other concessionally taxed investments.
45% : One way to bring in inheritance taxes would be to couple doing so with indexing income taxes, to ensure bracket creep doesn't drive them up year in, year out.
42% : People usually vote their self-interest.
38% : While people might bristle at having their wealth taxed after they die, it's better to pay taxes when you are dead rather than when you're alive.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.