Please check this again, but as I caught a glimpse of it today, the law was passed today that I believe will apply from 2026.I would check it again now, but I can't right now.

> Australia is already going down the path of imposing a tax on unrealized gains on pensions over 3 million in asset value.

Did that get passed into law or just proposed?

Wumbo

exactly. and the propaganda will prepare the citizens beforehand that taxes are important to save the state and that demanding very low taxes or even not paying taxes is an anti-social piece of shit. Australia is already going down the path of imposing a tax on unrealized gains on pensions over 3 million in asset value. That's what it boils down to everywhere

TomK

econ

Q2 Federal government current expenditures: Interest payments:  $1,089,085,000

The one benefit of high interest payments is that the public becomes more aware of high government spending.

Of course the downside is that some voters will say we need to raise taxes to pay down debt!
