JIMMUNISM: Humble Property Investors Forced To Trade In Prado And Caravan For A Communist Fiat

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As the sun dawns on another day inside Jim Chalmer's Australia, many struggling boomers around the country are coming to terms with their new reality.

One such pair of sexagenarians are Berryl and Dave Pitts, who are kissing goodbye to all they've worked so hard to compile.

Born during tough times where university was free, houses were cheap and the cost of living was the price of a lolly bag - Dave says the humble 4 property portfolio they've built by leveraging the wealth in their first family home as it appreciated, is in danger of disappearing.

While technically they will get to keep negatively gearing the 3 properties they own and sell them with the current exemption to capital gains tax, the prospect of seeing out there days going caravaning and accumulating more property seems gone.

"We've had to trade in our Caravan and our top of the range Prado," sighed Berryl.

"This is Jim's Australia."

"This is Jimmunism."

The pair's comments come after a relentless campaign from Australia's media class, claiming that the changes to the way assets are taxed amounts to communism.

"Well if it isn't communism, you tell me why I've got a Fiat 126 straight from Warsaw sitting in my driveway mate," said a fired up Dave.

"I can't even fit in the fucking thing."

"I bet you these fucking neighbourhood kids come and pick it up and put it in a sand pit too."