You will own Nothing

Even if your house is paid off they will rob you. If there are any gains it is because the Central Banks and Governments have used inflation, bad policy and money printing to create bubbles. There is no gain until you sell the house. This is a ridiculous and criminal policy. The family home is the retirement and inheritance asset for most people. Hands off you buggers. Same for superfunds.  What happens if the investment goes down?  Will the Government pay you the difference?  This is not just about superfunds. This is about setting a precedent and it is the thin end of the wedge.  An unrealized gain is not a gain.  How about unrealized tax returns.  This is nonsense la la land.   On this Peter Dutton akka Boldemort is right when he says it is like paying tax on future wages that you have not yet received.

Unrealised gains tax will be a ‘disaster’ for Australia (8 min)