Is Scott Morrison a negative gearing lies idiot savant?

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While recent rumours that Scott Morrison has been sidelined by Do-nothing Malcolm probably owe more to the latter’s predilection for betrayal than anything that the Treasurer has done, he really isn’t doing himself any favours with this sort of clangor:

Speaking on radio 2GB, the Treasurer said the idea that curbing negative gearing would ease housing prices was “just ridiculous”, claiming all it would do was drive up rents.

…Sources say negative gearing changes are not on the table but there have been two separate reports in the past week that the government has been looking at curbing the excesses of negative gearing. Mr Morrison appeared hostile to touching negative gearing on Monday.

He continues to insist that increasing supply was “the most important thing”.

“There’s no one housing market in Australia, they’re all different.”

He said the proposal that “you put up a tax and somehow you can buy a house anywhere you like, that’s a lie”.

The Treasurer said people, if they chose, should consider moving to regional cities like Tamworth where they could have a house and a better quality of life.

Way to go, Scott, alienating pretty much everyone in the country with a kid.

If you want to understand the depth of Morrison’s negative gearing lies you can read more about that here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here. I could go on but I’ve run out energy. Note that I could provide another 401 separate links in which the Coalition and affiliates lie about negative gearing.

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It really does make one wonder if the Coalition is not some kind negative gearing lies idiot savant; chanting an endless stream of creative misdirection to protect the one and only consistent theme through everything it does. A kind of policy anti-genius that pours 99.9% of its energy into the protection of this one great rort at the expense of all other brain power.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.