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Den Yellek | 1 months ago (raw) | root | parent | reply | flag +2 
 Unrealised capital gains tax is coming. Just yesterday this passed the lower house of Parliament in Australia.
Tax on unrealised gains in retirement accounts if the banalce is over $3 million AUD. There was an amendment to have this index to inflation but that was voted against.
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Karnage | 1 months ago (raw) | root | parent | reply | flag +2 
 😮
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Den Yellek | 1 months ago (raw) | root | parent | reply | flag 
 And I can't get a thread of interest from anyone I know because as soon as they hear "over $3 million" they switch off thinking it will never be relevant to them. 
No one can grasp compounding inflation devaluing their money and raising cost of living.  $3 million ain't what it used to be and for your children and grandchildren it might not be much at all.