Key Takeaways: Capital gains tax in Australia was established in 1985 to tax profits made from asset sales, excluding the primary residence. The current 50% discount on CGT, introduced by the Howard government in 1999, was intended to foster investment but has led to disproportionate effects on the housing market. There's ongoing speculation about potential changes to tax policy in the upcoming federal budget, possibly affecting negative gearing and broader investment strategies. Intergenerational inequality is partially linked to capital gains tax policies, affecting the housing market and subsequent financial opportunities for future generations. Tax policies should guide, but not fully dictate, investment behaviors; long-term investment perspectives are encouraged over short-term gains. Notable Quotes: "The effective rate of tax on a capital gain for most individuals for the last 25 years plus has been about 23%." "Investors can probably afford to pay more… The problem is those people that are living in them one day want to buy a house." "Tax laws are not set in stone forever. They do change, governments change, circumstances change." "You're asking someone in the future to pay more for it than today." "If you're not comfortable with that, you need to think about the investment."  Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/See omnystudio.com/listener for privacy information.