The Capital Gains Loophole Is Not Being Closed. It Is Being Nationalised
Australia’s negative gearing and capital gains tax reforms are being sold as fairness. Investors lose part of their advantage. But the deeper machine remains untouched: credit inflates housing, central banks prevent full correction, and government taxes the paper gains.
The risk is that the state is not ending the rort. It is taking control of it.
And once CPI decides what counts as a “real” gain, people can be taxed as if they became wealthier, even while their actual purchasing power falls.
This is not just housing policy. It is about money, property rights and who really owns the output of your labour.
