Meet my new 47% co-founder.
The Albanese Government wants to scrap the CGT discount and tax founders up to 47% on the sale of the businesses we risked our lives to build. We took the risk. We worked the years. We're not handing half to a silent partner who contributed nothing.
What they're taking from us.
The discount that recognised the risk and time founders put in. Scrapped.
On the ENTIRE gain. No threshold. No discount. Year-one of the legislation.
When stacked with marginal rates. Nearly half of what you built — gone, to someone who did nothing.
We escaped Matrix 1.
Now they want Matrix 2.
We left the 9-to-5 rat race. We mortgaged the house. We paid ourselves last for years. We hired people, we paid GST, we paid corporate tax, we paid income tax — and now they want a 47% slice of the only payoff that ever came.
This isn't policy. It's confiscation. It's the government inserting itself as the largest shareholder of every business in Australia — without writing a single cheque.
Don't sit this one out.
Every signature is a founder saying NO. Every story is proof of what they're trying to destroy. Sign. Share. Refuse.