@AvidCommentator It also has zero impact on previous wealth accumulated. It outsized impacts future wealth accumulators most. A classic ladder pull on millennials which will feel ripped off by those already sitting on multi million portfolios.
@AvidCommentator@AvidCommentator do you have any charts on skilled migration by occupation type? I would be really interested to see which occupations are accounting for the most intake over the years. Even numbers on international student degree types π€
@theweekafternxt@AvidCommentator Completely agree. They would have been able to sell it as encouraging money to flow into Australian businesses out of residential housing with preferred tax treatment. Easy political win.
@AvidCommentator@samstrades Is this partially an artefact of US commercial credit growth fueling AI? Australia would be even more behind US without the houses in holes & houses.