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How Albanese could tweak negative gearing to save money and build more new homes
(theconversation.com)
this post was submitted on 07 Feb 2024
24 points (100.0% liked)
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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