I doubt Albanese will do anything about capital gains inequality

I had lost faith in Anthony Albanese’s willingness to address generational inequality. I’m ready to eat my words to the fullest – assuming he follows through, of course.

When AFR First, a week ago, the Labor Party’s “taking into considerationThe reduction of capital gains tax (CGT) relief – a generous halving of taxable profits from an investment – ​​was introduced by John Howard. increases inequality And Promotes real estate speculation — I didn’t put too much stock.

“Tax reform” is to the Albanian government what “climate policy” is to the Morrison government: something that gets ridiculed, generates days of breathless media coverage, but generally turns out to be a no-brainer.