How does this target the richest 20% ?

How does this target the richest 20% ?

Like an elderly person, I have no income. I'm not going to get money soon from lower tax rates on wages. I'm a sole parent who has been able to begin fulltime study again. But, I've been in poverty for years. I now own our home (paid mortgages since my twenties), and got rid of the financial worry through the horror of two family deaths and inheritance. When I'm thinking of this policy racking up another debt as well as my student loan to contend with, I have no idea how I would be able to do it. I don't see myself as one of the rich 20% - I have always been in the lowest, at risk, percentile of income and statistically, my family is in poverty. I'm utterly debt averse. I've read all the q's and a's. So if I sold my house to try to get my family out of the violent neighbourhood which was the only one I could afford, I would owe for 'rent' (no accommodation allowance for me, unlike renters who are students/unemployed/sole parents/low income and that is perfectly fine) and I'd not even be able to buy a shit house in the same shit neighbourhood. Call this query 'self interested', because I've been protecting my family from going further down for decades. I'ved lived with debt over my head and I'm trying to bust out of it. I agree with addressing inequity, but I think an inheritance tax and capital gain tax would be preferable. Plus, why did I think you were against universalism? This isn't a rich tax. It's tax anyone who owns anything, even if they are poor...?

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    • Keli Manson
      commented 2016-12-10 15:16:40 +1300
      Mmm Tristan. I don’t know what to call it either, but I think saying only 20% of the population will be paying more is not quite right? I think the idea will be unwieldy in practise and need so many changes/exemptions to make it fair. I disagree with taxing the main family home. That’s pretty much that, for me. I was super into hearing TOP policy releases, but until this is detailed, I can’t get in with it.
    • Tristan Kiddie
      commented 2016-12-10 14:36:07 +1300
      Good question. I cannot support the idea of a death tax, or inheritance tax as you called it. Capital gains makes more sense to me. Or a flat rate “Transactions Tax”.
    • Oliver Krollmann
      followed this page 2016-12-09 22:27:32 +1300
    • Keli Manson
      published this page in Ask a question about policy #1 2016-12-09 20:40:39 +1300