@greenytrades My path was investing with surplus income and that is less valid with the new tax structure. Now the best way forward I can see is increasing income through business activity regardless of how much the govt takes.
@joeroganhq The drug doesn’t cost anywhere near that much but we do get subsidised in Aus by the Pharmaceutical benefits scheme which is great program providing essential medications
@rationalaussie They def should if they’re relocating to Aus. The limit should be on foreign speculation ie blackrock buying up land as they’ve done in the USA and England
@brianluidog Well said, ppl want it both ways. They want a world class city with affordable housing but they don’t go together. Meanwhile many rural locations are affordable if you want the extra space
@Potstirrer111 How about all the business owners who use this structure to buy commercial properties? Ie the farmer or restaurant owner. This policy will push out small business operators and only allow the big corporate firms with capital to operate in these spaces
@hughriminton She’s delusional, all prospective investors through these changes have had a reduced borrowing capacity and are now directly competing with first home buyers. This is the exact opposite of the intention, much like the 5% deposit scheme
@PaulineHansonOz A great policy to help young families to get ahead would be reduced tax rate for anyone with children similar to what Poland is implementing. Too many young ppl are opting out of having a family due to cost of living pressures. This is a huge problem
@AvidCommentator Their main goal is to limit our freedoms, economic freedom being the focus. We’ve all seen what happens when govt gets to big and too powerful
@linzcom Agreed, and capital would flood into the country and create huge economic opportunity for everyone. Even better if the business tax rate was reduced to 10%