Govts Continue to Get Creative to Tax you to ..... (Patreon)

As I have said repeatedly, governments, facing mounting debt pressures, are increasingly exploring or implementing taxes on assets as a way to generate revenue without broadly hiking income taxes that could stifle economic growth. This trend is evident in both the Australian example and so many other broader global patterns.

This idea is wild

This Australian proposal is a textbook example, and it's echoed in global shifts toward wealth/property levies amid fiscal crunches. If debt trajectories worsen (e.g., due to recessions or aging populations), expect a shit ton more of such measures.