Business
If Labor is ‘on your side’, it shouldn’t dump its plan to limit negative gearing – Sydney Morning Herald
Surely Labor should be acting to make renting more secure and to make it easier for you or your children to buy your own home.
Negative gearing and the capital gains tax discount are bad policy. Every year, they drive tens of billions of dollars into the pockets of some of the wealthiest people in this country. They also inflate housing demand, making it harder for people to buy a house who actually want to live in it and make it their home.
Most importantly for people who rent, like me, these policies encourage speculation. They encourage property investors to buy properties for capital gains, which they can only achieve…
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