You visited my profile to find an insult for me instead of investing in thought? Congratulations, you can now reply that I have my pronouns in my bio so everyone knows you're a dullwitted bigot incapable of independent ideas.
@JacintaAllanMP Some of us are a little bit sick of your party supporting genocide.
You have kids. Can't you imagine for just a second how shit it would be for them to be shot or bombed with Labor's support?
@claudedwalker Don't let it go to your head, but one of the main reasons I'm still here. If there were another venue for us to stay in touch and have a laugh, I'd be very interested. Even if it's just threads or bluesky or something.
@TMFScottP The bigger problem is political: whichever party attempts it will get hammered and I worry Albanese doesn't have the capital to risk it. And of course, pollies and their donors are disproportionately resi investors. And owner-occupiers don't want to see prices fall much either.
@TMFScottP Special-casing a particular asset class feels a bit inelegant to my gut. But on the other hand, housing *is* a special case, and clearly the status quo is hurting people other than the investors, so that's ok.
@TMFScottP Is the idea that, like cap losses, we can only reduce our investment tax to zero but not deduct them from earned income? With a carry-forward to future investment income? 2/2
@TMFScottP Another question: how do you imagine "scrapping negative gearing" working? It's reasonable to deduct our investment expenses, and hard to break those down on a per-Investment basis. 1/2
@jason_king72@TMFScottP In all but unusual times it would take quite a few years for inflation to compound up to 50%, but eventually of course you're right, and for those of us investing for retirement it would definitely be plausible if we pick the right investments in the first place.