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How Albanese could tweak negative gearing to save money and build more new homes
(theconversation.com)
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this post was submitted on 07 Feb 2024
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Could do, but likely won't. The voters punished Labor when shorten mentioned policies that maybe might have started making houses more affordable.
Personally i think CGT discounts should never have been a thing. Negative gearing should only have been for new builds and with a time limit of say 10 years.
Short of a time traveling assassination of John Howard I don't think we can easily unfuck the last few decades of bad policy.
Negative gearing will never be removed.
It's nothing to do with the voters.The politicians are the landlords
https://www.sbs.com.au/news/the-feed/article/politicians-and-their-property-portfolios-how-many-do-they-own/wb7k9xq1p
We literally just had politicians vote against their own self interest by reducing stage 3 tax cuts.
It’s possible they will do the same for negative gearing.
Politicians didn't need the tax cuts.
They already gave themselves a 4% pay rise, their biggest increase in a decade
Aren't their wage increases determined by an independent group/board ?
And the President of that is a former CEO of Australia’s largest commercial property services firm, and former National President of the Property Council of Australia.
C'mon, you know how this works
Ayup. Get them scared enough and self preservation will override the greed