Ah yes, the fake Greens, supported by Lenore’s Taylor’s fake newspaper, delivering an avalanche of fake news:
The Greens plan to reduce house prices through their demands to axe tax concessions for investors to make buying more affordable for renters, the party’s housing spokesperson, Max Chandler-Mather, has said.
In an episode of the Guardian’s Australian Politics podcast, to be released on Saturday, Chandler-Mather argues projected price reductions in the order of 2.5% are “not much” and preventing further rises of 10 or 20% would be desirable.
The Greens say they will use their balance of power in the Senate to push for Labor to pare back negative gearing and capital gains tax discounts in return for supporting the government’s Help to Buy shared equity scheme.
Which will fail. All Labor will do is blame the death of Help to Buy on the Greens.
That is a good thing. Help to buy should be rebadged “help to inflate prices”. Ending negative gearing and capital gains tax discounts would be also be great policy.
But these are political pantomimes, not policies to fix the housing crisis.
The Greens in power would also put a rocket under Labor’s already mad mass immigration numbers, neutralising any benefits from the reforms.
As house prices stalled with the end of tax subsidies, so would the building of new dwellings, and rents would continue to skyrocket.
In effect, all the Greens are proposing is to do is shift housing policy subsidies from tax giveaways to population giveaways.
The result will be higher rents, even more homelessness and, ultimately, higher house prices driven by insane rental yields!
If you’re going to give younger Australians access to housing, you must slash tax giveaways and immigration.
Otherwise, you’re just another fake.
P.S. When is Lenore Taylor going to quit to become The Greens media advisor?
