New winner for worst ever negative gearing reform attack

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By Leith van Onselen

Just when I thought we’d hit peak stupid in the negative gearing debate, along comes The Courier Mail’s Peter Gleeson with the following faeces laden argument that Labor’s policy will somehow hit battlers the most:

OF ALL the destructive policies to be implemented under a Bill Shorten-led People’s Socialist Republic of Australia, there is one that stands out as the most pernicious… his plan to “reform’’ negative gearing on property investment. That’s the one that Australians should fear the most. Ironically, it’s also the policy that will most hurt young Australians, the very group that Shorten says he’s trying to benefit.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.