WENDELL HUSSEY | Cadet | CONTACT
Treasurer Jim Chalmers is today preparing for battle, after laying down the gauntlet to the powers that be.
With the social and media sphere screaming at Chalmers and the Labor government for being directly to blame for the independent banking organisation that is the Reserve Bank of Australia making a decision that has famously always independent, the Treasurer has decided to act.
Stepping into the political death trap that is trying to limit the amount the government gives to property investors trying to multiply their wealth as rapidly as possible, Chalmers has suggested changing the Capital Gain's Tax Concessions for real estate.
Already framed as 'controversial' and 'divisive' by the media, the change will save the budget $23 billion by removing the 50% discount for investors who own a property for over 12 months.
It's yet to be confirmed if the PM is doing this to politically kneecap the next man up.
Despite the scheme costing more than all of the affordable housing and rental relief policies, and contributing to the snowballing housing crisis that is ruining the lives of millions and millions of Australians - it's been confirmed that all sides of Australia's media, political (minus a few Labor heads) and business class are now ready to go to war with 'Jimfaltion.'
"Yeah, we'd just prefer for him to take the blame for inflation (and the raising of interest rates) and not do anything about it," said a spokesperson for the media class.
"Attempting to change the fundamental tenets of Australia's property class system is an act of war against people like us."
"And now we need to divide and conquer this nation by mounting a concerted campaign that convinces people this is an attack on everyday battlers."
"Today, we ride out."
More to come.
