Three million?! Who the hell has that much?

80,000 rich Australians, mostly its via an SMSF and they dump.assents in ther to avoid …paying tax , whihc is the entire point of this.

Personally i think the Greens $2Million cap thats indexed is a better idea but Im sure Albo will die on that cross with his hatred of The Greens as he’s now trying to work with the LNP to get it through the Senate instead.