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Two leading economists are calling for a tax on wealth, land or the family home, saying Australia's income inequality is much worse than we think because official statistics ignore the income that homeowners derive from their properties. They say homeowners aren't paying rent or capital gains tax when they sell their homes, making them much better off than renters. Rhiana Whitson and Gareth Hutchens reports. Get the news that matters to you straight from the source. Download the ABC NEWS app: ht
Two leading economists are calling for a tax on wealth, land or the family home, saying Australia's income inequality is much worse than we think because official statistics ignore the income that homeowners derive from their properties. They say homeowners aren't paying rent or capital gains tax when they sell their homes, making them much better off than renters. Rhiana Whitson and Gareth Hutchens reports. Get the news that matters to you straight from the source. Download the ABC NEWS app: ht
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“Passive income” from real estate? Nope. Real estate can be a wonderful investment, but it’s active. You deal with tenants, repairs, and real work. That’s not passive. | Dave Ramsey
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