In Australia, the way people earn their money affects the rate of tax they pay — and top earners have a very different income mix from everyone else.

I find it very hard not to feel angry about the unfairness, and intransigence of the wealthy in this country.

Why should I work so hard, to get so little, when these people have a leg up on everything. And I don’t count myself as that bad off, in fact I’m, overall, goin pretty well.

  • eureka@aussie.zoneEnglish
    51·
    2 months ago

    Like tech workers getting paid 1/3 to 1/2 of their ~150k package in shares.

    Won’t it just tax their capital gains? If the share prices don’t even go up by the time before the CGT event, they get taxed $0 CGT. The “getting fucked so hard” is a few percent at most (inflation), which at that pay band and in the kind of tech jobs that offer them, has almost no chance of threatening their financial security. Would they prefer to work a typical job instead?