

After a threshold. You don’t want to tax some poor pensioner who has lived in the same 2-bedroom cottage in Carlton for 60 years, simply because that location is now worth $2Million.
And now it’s complicated. How do you find that threshold?
If it’s per-person, you’ll find rich people divvying up their portfolios to family members to distribute this tax benefit.
If you grandfather it in so it only affects future property purchases, you disincentivise retirees from downsizing to a smaller place, freeing up some 4-bedroom house.
Taxation policies are hard.
I have tried a tiny sample of what was meant to be a hamburger pattie/mince thing. It was not big enough to really judge - but it gave an idea.
It tasted different, the texture was definitely different to what you know. But it wasn’t bad. I think we’d get used to it. They said they were nowhere near making a steak be similar.