Bill Shorten has declared to the Melbourne Institute and later, on Insiders that Australia had a ‘two class’ tax system and that ‘ tax reform’ of negative gearing and tax concessions, maybe death duties and other ‘inequality’ taxes would be the thrust of Labor’s tax reforms.

Haven’t we heard this somewhere before – the old Marxist ideology of squeeze those perceived to be wealthy, supposedly to benefit the poor?

So who’s wealthy in Australia today?

Leaving aside James Packer and various CFMEU officials the average working Australian is paying off a mortgage, sending children to the schools parents want them to attend (State...