Letter

In response to Why the criticisms of Labor's tax changes are mostly wrong - Michael Keating

Tax and the 'fair go'

The current opposition’s hasbaric apoplexy on long overdue tax reforms introduced by the Australian government does them no credit but places them and their media cheer squad squarely as supporters of the wealthy few at the expense of the vast majority of Australians. The question that the media should be putting to them is: ‘The broad consensus among Australian economists is that wealth derived from capital growth is taxed more favourably than income from wages and salaries. This circumstance disproportionately favours wealthy people who have surplus funds to invest, and it increases generational and gender inequality. How do you justify this disparity in distribution of the taxation burden and widening of the wealth gap in the land of the ‘fair go’ ‘?

— John Curr from MANLY QLD.