15-05-2025, 10:58 AM
It is absolutely the "slightly above average" that will suffer the most from policies like those proposed by the Greens. They are the ones with either decent incomes, but also big mortgages, or (if they're older) mortgage-free expensive-ish homes but not huge incomes. In both cases, what the Greens propose would likely force them to have to sell in a market where plenty of others would be forced to do the same, resulting in an an over-supply. This won't lower the values enough for the average home-buyer to buy these houses, but it will provide plenty of cheap houses for the uber-wealthy to buy cheaply resulting in yet further consolidation of wealth amongst the few.
Meanwhile, yes, the government will perhaps temporarily increase their tax take, but it won't make a meaningful difference to the services they're able to provide. And, based on evidence from other western countries doing similar, it will likely reduce tax take over time due to wiping out a big chunk of the upper-middle class and chasing away a big chunk of the super wealthy.
Meanwhile, yes, the government will perhaps temporarily increase their tax take, but it won't make a meaningful difference to the services they're able to provide. And, based on evidence from other western countries doing similar, it will likely reduce tax take over time due to wiping out a big chunk of the upper-middle class and chasing away a big chunk of the super wealthy.