Australia is at risk of "giving up on equity" if governments fail to reform housing and tax policies to improve the economic prospects of younger generations, according to Ross Garnaut, one of the country's most respected economists.
Wait till enough people are mad enough to make destructive change inevitable. The tax concessions, rebates, concessions, discounts will be wound back. Just how hard that landing is will depend on how concentrated wealth will be.
Wait till enough people are mad enough to make destructive change inevitable. The tax concessions, rebates, concessions, discounts will be wound back. Just how hard that landing is will depend on how concentrated wealth will be.