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The Forum > Article Comments > Don’t eat the seed corn, Jim > Comments

Don’t eat the seed corn, Jim : Comments

By Graham Young, published 24/7/2025

Capital is the seed corn of future prosperity – tax it too heavily, and you discourage people from planting at all.

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It is Labor Treasury dogma, that our future lies in resource giveaways, endless immigration, booming government/care jobs, so-called net-zero "superpower", “export” education, and rising house-prices 4eva.

We have deliberately torched our manufacturing base. The graphs leave no doubt. Our banks have switched from investing capital in businesses, to backing the real-estate bubble. Dr Jim's Roundtable is carefully-vetted theatrics, for comfy rent-seekers. Little will change.
Posted by Steve S, Thursday, 24 July 2025 8:37:11 AM
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Where is the risk in property investment?

Speculation on a matchstick in a sandy paddock will lead to profits.

Tax on capital gains is a good and fair idea, as more and more of the population are excluded from the benefit of property investment.
Posted by diver dan, Thursday, 24 July 2025 8:50:19 AM
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All true. But it has to be realised that Australians deserve everything that Labor is going to do to them over the next three years and possibly beyond. They had their chance at the election and blew it.
Posted by ttbn, Thursday, 24 July 2025 9:40:20 AM
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ttbn

Your logic is not up to scratch mate.
If Labour were elected with something like thirty percent of the vote, then it’s pretty rich accusing all Australians of blame.

Blame the vast minority that actually did cast a vote for them.
Best to blame-gae crooked system that elects crooked politicians, when most voters simply don’t want the majority of politicians who have wedged themselves into power with a very minority vote.

The way this stands is tantamount to a Dictatorship: How can that be the fault of the people being ripped-off?
Posted by diver dan, Thursday, 24 July 2025 5:13:19 PM
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Let's start at the very beginning,
A very good place to start.
When you read you begin with A-B-C.
When you sing you begin with do-re-mi:

Taxation is unfair. Period.

Yet within taxation, there is nothing especially wrong with CGT.

Any money not taken from those who profit from capital, would instead be taken from others.
Likely others that are poorer and need that money more.

You don't like to pay CGT?
You don't have to!
Why, instead of asking for money when you sell a property, simply ask for anything else, maybe even for nothing at all, then you will not have to pay CGT!

Why of all things, do you ask for that money which governments print?
Don't be a hypocrite: with government having printed that money, and you accepting it, you should also accept the government's strings that come with that money, taxation included!
Posted by Yuyutsu, Sunday, 27 July 2025 9:15:00 AM
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