Capital gains tax changes are not an attack on young home buyers

Last week's mainstream and social media were full of handwringing about the Budget's tax proposals, particularly changes to the capital gains tax (CGT) discount.

A lot of this content focuses on the idea that the tax changes will stop young people from buying their own home by undermining their efforts to use the stock market or other 'investment strategies' to save for a house.

This is nonsense.