I always want to ask, “If these are the talented go getters you imply… Why is their passive income potential being capped a bad thing? Couldn’t they just shift away from buying heaps of property and shifting their holdings into trusts to reduce their tax bill and move towards starting more businesses and new enterprise?”
I literally know people who have shut down successful businesses because they could make more money for less work as professional land lords, so how is the current (or former) structure incentivising business ventures?
I always want to ask, “If these are the talented go getters you imply… Why is their passive income potential being capped a bad thing? Couldn’t they just shift away from buying heaps of property and shifting their holdings into trusts to reduce their tax bill and move towards starting more businesses and new enterprise?”
I literally know people who have shut down successful businesses because they could make more money for less work as professional land lords, so how is the current (or former) structure incentivising business ventures?