Victoria’s “socialist” budget sees land tax “breakthrough”

“Sky News” host Rowan Dean said that the “Socialist State of Victoria” has chosen to increase taxes for high-income earners because it is ready to hand over the budget, which will pave the way for the state to escape the pandemic. “It’s amazing. Take me down with a feather-land tax and property tax are passing on the roof of socialist Victoria,” he said. Earlier, Victoria’s Minister of Finance Tim Pallas declared that the state’s upcoming budget would be “fairer and more progressive” after the government took “difficult and necessary actions”. These measures include a series of new tax measures, including an increase of 2.4 billion Canadian dollars in real estate taxes, which will enable the wealthiest people to contribute more to the financing of basic community services. If developers and land speculators earn more than A$500,000 in windfall income when rezoning the property, they will be taxed at a 50% tax rate. Sky News host Rita Panahi pointed out that Victorians “have paid the highest property tax in the country and it is still rising”. “Instead of getting some kind of relief, rather than some kind of stimulus and recovery plan, they will be hit by some tax increases and some new taxes. Good times in Victoria.”