@cjoye And cave men used to rub sticks together to make fire. Since when is a policy judged as serving the community based on its historical longevity ?
50% Cap gains tax discount + Neg Gearing breaks STILL apply to Existing inv properties + purchases of new builds. NOT new purchases of EXISTING dwellings.
This protects existing investors +encourages new housing + stops tax payer subsidised house price inflation. Stop whinging.
So yet again the RBA purports to cure a supply side shock (oil price) with another supply side shock (interest rate rises) and who pays - the average punter with a mortgage and new home buyers 😩
Have we learned nothing from economic history ? We administered this mis prescription in the 70s and it failed badly. Why are we repeating the same mistakes ?
I was always taught that you don’t fix a supply side shock (oil $ ⬆️) with another supply side shock (interest rates ⬆️) because all it does is restrict supply further and raises prices and unemployment- otherwise known as stagflation. So what’s the RBA thinking ?
I was always taught that you don’t fix a supply side shock (oil $ ⬆️) with another supply side shock (interest rates ⬆️) because all it does is restrict supply further and raises prices and unemployment- otherwise known as stagflation. So what’s the RBA thinking ?
The alternative treasurer of Australia Tim Wilson “We need to have a serious conversation about whether the Reserve Bank’s mandate is fit for purpose, and whether the focus on full employment has come at the expense of controlling inflation.” What a callous pronouncement.
Ahmed is a real-life hero. Last night, his incredible bravery no doubt saved countless lives when he disarmed a terrorist at enormous personal risk.
It was an honour to spend time with him just now and to pass on the thanks of people across NSW.
A masterful manipulation of our parliamentary democracy by Fraser and Kerr - pure and simple. Debased our polity and showed how low conservatives are prepared to go. We should never forget that.
It’s scarcely understood nor appreciated how much unions contribute to the development of the fair and just society we have built here in Australia. Hope you enjoyed Labour Day. Remember it’s Unions who advocate relentlessly for better wages and conditions for all working people
@Partisan_12@yanisvaroufakis Since when was it a union ? It’s simply a monetary mechanism for Germany and France to extract wealth from the periphery countries via the common adoption of the Euro. No tax and transfer union + no political union = no union.
A huge congratulations to Labor's newest Member of Parliament, Katelin McInerney, on her win in Kiama tonight.
I want to make clear, we’re proud of the progress we’ve made so far, but our whole Labor team knows there’s still a lot more work ahead.