Stephanie Gardiner has done Australia a great service in exposing these parasites – because there are many others like the Wakils.
The tax system – the lack of any significant annual charge on the holding of land values – makes them do it.
That’s just another reason Australia needs to heed Ken Henry’s call for reform of its aberrant taxation system …. quickly. Like many other nations, taxation’s deadweight is rapidly bringing the country to its knees.