He's not a nice fellow - he's been a mean spirited, angry, spiteful partisan for his entire career. He considers 'hating Tories' a vocation. He's a capable tactical politician but there's no evidence of his kindness or decency across the aisle. You one eyed souths fans are all the same.
@AlboMP How do you explain the same rising impulse in home prices across a dozen countries that didn’t change CGT? Home prices aren’t unaffordable because of CGT, it’s because real wage growth is too low and we don’t build enough homes.
Now we are left to figure out if its the Pakistanis lying through their teeth, the Iranians haggling via press release or the US admin launching trial balloons and reacting to how weak the "deal" was perceived. Rinse, wash, repeat...
This sure feels like utter capitulation @briangobosox All leverage abandoned. Nuke talks strung out in the typical Iranian style. Iran emboldened (and likely energized by sanctions relief) and now with knowledge they have the capacity to close the straits at will
@RoenDavis@AvidCommentator@GrayConnolly Right - so will they divest themselves of their properties or just be grandfathered into a negative gearing regime that young people won’t have access to? Everybody wants to make it easier for young people to buy houses.
My concern is that the changes make it harder, not easier, for young people to accumulate wealth. It removes options that existing boomers get to continue to enjoy (grandfathered) which puts young people an even greater relative disadvantage. I don't think we'll see a meaningful decline in home prices (and look out ALP if they do - 65% of this country would hate that) but based on the experience with changes like this we will see increased prices in the rental market which compound the problem for young people.
Because you assume that will reduce the competition for home prices from investors? Are you considering all the other impacts that these changes will have on those young people trying to put themselves in a position to buy new home? Separately - will home prices fall because of these changes?
@briangobosox Its all he's ever gotten. Also - soybeans are commodities, you can just sell them to someone else at the same price. The Chinese never promised to pay a premium. It's farcical - like it was in 2019. The obsession with "a deal" undoes so much leverage.
Labor’s most senior ministers have refused to reveal if they will forfeit grandfathered negative gearing concessions, despite stripping the tax break from future generations.
https://t.co/8Kd0Vr7Ae2
The saddest part of the disastrous budget is that it strikes down hope in young, ambitious Australians 😔
The doublespeak is horrific: supposedly about young people, but nothing in it is for them. Supposedly about productivity, but more red tape everywhere
I suppose we can assume that the PM and Treasurer as well as the whole ministry will now divest themselves of any property that they currently negatively gear and was not a new build when they bought it? So they can be on a level playing field with all the young Australians they have just pulled the ladder up on?
If we're not restrictive after undoing the 75bps of cuts last year... what on earth is the ex post rationale for that series of absurd decisions last year?