Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

And then they are also saying to bright young Australians, many of whom are already in Silicon Valley, 'When you're weighing up when you're going to start your business, when you weigh up where you're going to incorporate your company, when you weigh that up, stay in Australia because it is your patriotic duty,' according to the Labor Party, 'to pay the highest capital gains tax in the world.' That is what Labor is saying, demanding that we seek to compete with not one but two hands tied behind our backs. Labor has not thought this policy through. Let's be frank. What they have done is set out to go for a 'soak the rich', 'politics of envy' policy. That is what they have gone for, and it has backfired. I will leave the member for McMahon with this sobering thought. There are nearly twice as many people in his electorate who are negatively geared as there are votes needing to change hands for him to lose his seat. He should think about that.

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