this post was submitted on 07 Apr 2026
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How Australia’s tax system subsidises wealth over work (archive.md)
submitted 4 days ago by hanrahan@slrpnk.net to c/ausfinance@aussie.zone
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paywalled link

https://www.afr.com/politics/federal/4m-pensioners-how-australia-s-tax-system-subsidises-wealth-over-work-20260227-p5o666

Jeff Oughton, 69, cannot understand why people aged in their 20s and 30s are not noisily protesting with placards to demand a better tax deal for working-age people.

“I don’t know why young people aren’t marching in the streets,” says Oughton, a retired bank economist.

“Rich people like me who stopped working at 53 and have been wandering the world travelling and volunteering, their tax rates in retirement are effectively zero.

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[–] DavidDoesLemmy@aussie.zone 2 points 3 days ago (1 children)

If you can't afford to support yourself where you live and don't want to move, get some housemates like everyone else.

[–] notgold@aussie.zone 1 points 1 day ago

Yeah nah. Maybe some government guarantees on reverse mortgages and stamp out the assholes