With the rapid rise in house prices since the covid pandemic, we have been put in a pretty unique situation. Home ownership for young people has decreased by 7% and the proportion of disposable income required to pay rent has increased by 14% since 2019 all while the top 10% of households grew their wealth by 12%. It is no secret that we are in the midst of a crisis but what if there was an easy way to combat this wealth disparity. Introducing: inheritance taxes.
In this episode, UQES is joined by esteemed economics Professor John Mangan to discuss why we should be bringing inheritance taxes back from the dead and why it is the “single most progressive tax” Australia could implement.
Johns paper on the inheritance tax: https://aibe.uq.edu.au/project/back-dead-australian-inheritance-tax
Johns researcher profile: https://bel.uq.edu.au/profile/3094/john-mangan