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Since the Albanese unveiled its changes to negative gearing and the capital gains tax discount on existing residential property, it has set off perhaps the most predictable round of opposition and controversy in Australian political history.
In relatively short order, all manner of myths about negative gearing and the historic impact of its removal once again began to propagate, as was covered and debunked in detail here at Macrobusiness earlier in the week.
Unsurprisingly, the Coalition continues its more than 40-year run in opposing changes to negative gearing and has pledged to wind them back should it regain power.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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