I made a submission to the Senate Inquiry on the changes to capital gains tax. Just very simple economics, nothing complicated. Seems that the changes incentivise taking less risk and innovation. Here is more information for those of you not familiar with what has been proposed in the recent Australian federal budget. I am always sceptical about the value of making submissions to these inquiries, but had already written out these arguments on Twitter and so thought, why not write it up and send it in?
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