The Greens wealth tax

[Kenj]

king1 said:
But personally I don't think you will find too many people here or elsewhere feeling sorry for someone with say a 1.5M dollar property in a trust whose tax bill goes up by $25,000.  I presume she is making a bit of money off that asset in order to have a tax liability?  Is it not simply a cost of ownership and doing business?

Pardon? our house had a value of $1.2M 18 months ago. For us to find $25,000 for tax on that would be a dream! So many people are sitting on a market driven high value assets without having a lot of cash in the bank.

Ridiculous idea!