RaymondPierreL3With the headline: ‘The Albanese Government has again signalled its plans to wind back the capital gains tax discount, after a Senate inquiry gave Treasurer Jim Chalmers the green light ahead of the May budget.’ (Source: The Point) I am hoping that #AlboPM ‘s doggedness doesn’t get in the way of #Chalmers getting some kind of tax reform out in the #MayBudget. I’m all crossed up willing it not to be for nought.
Mojo ♻️Another day, another "hidden dangers of CGT reform" op-ed — this one authored by a buyers' advocate and founder of a property investment firm. Completely unbiased, obviously.
The central argument: if investors don't buy existing houses, those houses will simply cease to exist. The bricks will dematerialise. The land will dissolve into the void. First home buyers cannot purchase a property unless a landlord purchases it first, apparently.
The piece never quite grapples with the fact that a house sold by an exiting investor is… a house someone else can buy. Possibly even someone who wants to, you know, live in it.
#HousingCrisis #NegativeGearing #AusPol #CGT #propertyInvestment #bullshit
@MsDropbear42 Yep. Two of the most manipulative phrases in #auspol.
Just marketing slogans to make policies for the wealthy sound like they help ordinary people.
Dress up tax breaks for property speculation as helping battlers and suddenly questioning it sounds un Australian.
It’s political camouflage and the property spruiking msm shoves it down voters’ throats and sways the debate everywhere (except Victoria!!!!)
#housing #cgt #negativegearing
Just marketing slogans to make policies for the wealthy sound like they help ordinary people.
Dress up tax breaks for property speculation as helping battlers and suddenly questioning it sounds un Australian.
It’s political camouflage and the property spruiking msm shoves it down voters’ throats and sways the debate everywhere (except Victoria!!!!)
#housing #cgt #negativegearing
Funny how the property spruiking MSM will happily run endless stories about “mum and dad investors”…
…but when the numbers show the capital gains tax discount overwhelmingly flowing to the wealthiest suburbs, suddenly it’s a quiet little article buried in finance pages.
Almost like the housing crisis isn’t about renters vs landlords, but about tax policy subsidising speculation.
They’ll never splash that across the front page.
@alansuspect
Short and to the point… #JimChalmersMP is no dunce, he knows this. And it’s a fair guess to say that #AlboPM knows this as well. So, WFT is the govt waiting for? Piss the tax concessions on #CapitalGains and #NegativeGearing right off and FIX THIS. Become legends in your time guys.
Droppie
Half a million landlords “in the firing line”? Spare me the crap !.
Negative gearing has been a taxpayer funded subsidy for property speculation for decades. While investors write off their losses, young Australians are locked out of housing.
Maybe housing should be for living in, not for harvesting tax deductions.
NewsletterTFGovernment Considers Tax Rule Changes for Property Investors
Australian Treasurer Jim Chalmers confirmed Treasury is modeling changes to negative gearing and capital gains tax for property investors ahead of the May budget.
#NegativeGearing #CapitalGainsTax #PropertyInvestment #HousingCrisis #AustralianPolitics
https://newsletter.tf/australia-tax-rule-changes-property-investors/
The Australian government is looking at changing tax rules for property investors. This could affect how many properties people can claim tax losses on.
#NegativeGearing #CapitalGainsTax #PropertyInvestment #HousingCrisis #AustralianPolitics
https://newsletter.tf/australia-tax-rule-changes-property-investors/
PolititoonsIsn't it weird that negative gearing is called a 'zombie debate'? Most zombies eventually die off, but this one keeps coming back every election—guess property investors really do believe in eternal life.
Tag someone who needs this!
https://polititoons.com/?utm_source=mastodon&utm_medium=social&utm_campaign=polititoons_organic
#politics #satire #humor #politicalhumor #ZombieDebate #NegativeGearing #EternalEconomics
