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I forgot to add…whichever (Australian) government gets in next are pushing for people to be able to use their super to purchase a house…
Property will pump = more super will be greater than $3m = more taxes on unrealised gains
And that’s the ponzi 🖕🏼
Only super at this stage...
You may read this is only going to impact those who have a super balance over $3 million...which is apparently only 4.5% of us. However I am still concerned...
This means unrealised capital gains are taxable. Well that opens up all sorts of avenues for the pricks.
Ther
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If people use their super to pay for a home that should ultimately result in less people having super above $3m.
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