Do Gen X and Gen Y Really “Need their Head Read?
Young Investors or Fools – Do Our Younger Population Pay More Because of Ignorance?
Interesting debate in the headlines of some of our national newspapers today, my question is are they Young Investors or Fools?
It’s all about a group that I used to be a member of, our under 30’s. Basically they are getting very little of the $40 billion in tax benefits being shared by the older demographic cohorts!
Young Investors or Fools?
The basic cause of this very unfair treatment of our younger workers may well rest in their own ignorance. In the words of the late Kerry Packer, “If anybody in this country doesn’t minimise their tax they want their head read”. For those younger generations who want to know a little more, Kerry was the father of James Packer. Kerry died a few years ago as Australia’s wealthiest person. It’s worth having a look at this infamous committee appearance by Kerry into corporate tax. See more here: http://goo.gl/llfSvw
The news article today tells us, “It is overwhelmingly older, wealthier people who access the breaks to buy and sell properties and to park income at discounted tax rates.”
Lime Property Solutions has many younger clients who do not need their head read. Instead of throwing up their hands and shouting “UNFAIR!” they have contacted Lime and found out how easy it is to buy an investment property with relatively little saved or with nothing saved and good trusting parents who are prepared to give a guarantee. Just so many don’t know because they don’t bother to find out!
Have a look at the Kerry Packer link above. Here is the full statement,
“”I don’t know anybody that doesn’t minimise their tax,” Mr Packer growled as he stirred his delicate parliamentary china cup of tea with a teaspoon.”I’m not evading tax in any way shape or form. Of course I’m minimising my tax. If anybody in this country doesn’t minimise their tax they want their head read. As a government I can tell you you’re not spending it that well that we should be paying extra.” To read today’s full article go to: http://goo.gl/dScY0Z
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~ Lime Property Solutions
