Will the Tax Working Group actually address housing inequality?
Inequality is a number one issue for Western countries like the US, UK Australia and New Zealand. It not the same as the poverty issue. The growth in extreme income and wealth differences has gathered momentum as tax-free gains accumulated at the top end compound asset values, while disadvantage and debt compound negatively at the bottom end. The fortunes of the top and the bottom are inextricably linked. To begin to reverse the growing wealth divide, policy must address the balance sheets of both.