Experts Warn Australia Heading Towards Neo-Feudal Inequality

Australia is on a concerning trajectory towards a neo-feudal society where your prosperity depends heavily on whether your parents own property or land, according to one of the country's top tax experts.

Bob Breunig, the director of the Australian National University's Tax and Transfer Policy Institute, says the explosion in housing wealth has created a stark divide between those who have access to valuable assets and those who do not, even within the same generation.