𝙻𝚘𝚗𝚐𝙼𝚊𝚌𝚃𝚘𝚙𝚙𝚎𝚍𝚄𝚙 to Australian Politics · 1 month agoStamp duty 'a bad tax' that distorts the market, housing minister says, welcoming shift to land taxwww.abc.net.auexternal-linkmessage-square8fedilinkarrow-up126arrow-down10
arrow-up126arrow-down1external-linkStamp duty 'a bad tax' that distorts the market, housing minister says, welcoming shift to land taxwww.abc.net.au𝙻𝚘𝚗𝚐𝙼𝚊𝚌𝚃𝚘𝚙𝚙𝚎𝚍𝚄𝚙 to Australian Politics · 1 month agomessage-square8fedilink
minus-squareddh@lemmy.sdf.orglinkfedilinkEnglisharrow-up5·1 month agoLand tax is a wealth tax that the landed wealthy can’t avoid. Stamp duty is a transaction tax that creates friction in the market. Seems like an obvious winner to me.
Land tax is a wealth tax that the landed wealthy can’t avoid. Stamp duty is a transaction tax that creates friction in the market. Seems like an obvious winner to me.