In most places, debate ultimately yields change. Not in Australia. Here we have fake debate and feasting vested interests.
The on-again, off-again debate about negative gearing has been settled for now with Housing Minister Claire O’Neil ruling out any change, a day after Anthony Albanese poured cold water on implementing new tax changes before the next election.
O’Neil referenced the prime minister’s comments when asked whether the tax deduction needed to be considered in the context of housing affordability.
In the lead-up to this month’s economic roundtable, the ACTU and the Australian Council of Social Services have been among those – again – demanding negative gearing be curbed.
She said the government was “really respectful” of the submissions, but they would be ignored.
…During the last term of government, Treasurer Jim Chalmers had his department examine changes to negative gearing. But as the election drew near, Albanese shut down the prospect of any change.
As usual, the Albanese government is gaslighting.
Why will Albo or Chalmers ever cut negative gearing? Because neither does change. Nor do either give two hoots about Aussie youth.
Albo is a backroom bovver boy driven purely by power, not a reformer or even economically literate. The experience of the Shorten opposition and its doomed reforms is seared into his rotten flesh.
Chalmers appears to know what the right thing to do is, but he is the single most gutless politician of our generation. The experience of the Rudd government and its doomed reforms is seared into his rotten flesh.
I would add that the AFR and all of Nine have no interest in negative gearing changes, either.
Without Domain, it would struggle to survive. If the prospect of real estate tax reform really gained traction, it would kill it faster than a failing media firm.
This is all fake.
