Keywords: Negative Gearing
-
AUSTRALIA
- Brendan Byrne
- 27 June 2016
15 Comments
Whether or not the person in the now notorious 'fake tradie' ad is or isn't a 'real' tradie is irrelevant. What is relevant is that it is a primary example of the co-option of the language of class struggle and economic justice that has so thoroughly poisoned economic debate in the industrialised West. Implicit within it is a patronising view of the working class that dismisses them as gullible dupes who can be made to entrench the privilege of the few in return for the paltry crumbs of consumer hedonism.
READ MORE 
-
AUSTRALIA
- J. R. Hennessy
- 30 May 2016
4 Comments
Labor has built a small poll lead over the Coalition as led by the eminently more marketable Malcolm Turnbull, and in this case the commentariat are willing to give Shorten and Labor the credit. They're the ones controlling the policy conversation and setting the agenda, and it feels like the government are just responding in turn. Who is this Bill Shorten? This is someone who even a few months ago would be largely inconceivable in the top job, but now seems at the very least plausible.
READ MORE
-
AUSTRALIA
- Brian Matthews
- 25 May 2016
6 Comments
Under election campaign pressure, some names have been misprinted. Mr Malcolm Ternble of Naracoorte wishes to point out that he has not made any public statements on negative gearing and is unsure what negative gearing means. The error was made by a Gen Y subeditor and should have read 'Prime Minister Malcolm Ternbull'. The Foreign Minister was cited as Ms Julia Bishop. The correct nomenclature is Ms Julia Bronwyn. Ms Bronwyn was inaccurately described as a part-time helicopter pilot.
READ MORE
-
AUSTRALIA
- John Warhurst
- 06 May 2016
12 Comments
It was a political budget in a special sense, given the forthcoming election. Yet it turned out to be neither an election-winning nor election-losing budget. It was more continuity than change. In that sense it probably was the best the government could hope for given the nation's economic and financial circumstances. However it falls far short of the sort of budget that might have been expected from a prime minister like Malcolm Turnbull whose image is one off a 'big picture man'.
READ MORE
-
ECONOMICS
- Kate Galloway
- 28 April 2016
14 Comments
Historically, having a largely home-owning population has ensured both the social benefit of housing, and an economic benefit through enforced saving with long-term growth. In contrast, the negative gearing push splits the cultural and economic meaning of home ownership, because it focuses on investment. Negative gearing promotes property ownership but not home ownership. Thus the social benefits of home ownership that we have come to expect give way to bare economic indicators.
READ MORE
-
ECONOMICS
- David James
- 18 April 2016
11 Comments
Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.
READ MORE
-
AUSTRALIA
- Fatima Measham
- 18 April 2016
10 Comments
People are sensitised to government-enabled corporate excess and doubt elected officials are capable and willing to serve their interests. The lesson from the 2014 federal budget is that there are non-negotiables around the function of government: to provide the conditions that ensure the flourishing of all citizens. Yet in terms of future-proofing living standards, the Coalition has so far presided over an ideas bust rather than boom, unless boom is the sound of something spontaneously combusting.
READ MORE
-
AUSTRALIA
- John Falzon
- 30 March 2016
11 Comments
The Prime Minister wants us to be clever. Well how about we make sure everybody's got a place to call home? The problem of homelessness and the shortage of social and affordable housing is so huge that we need a massive solution and a massive financial commitment if we want to lay claim to being civilised and fair, let alone smart and innovative. This is why, among things such as reforms to negative gearing and capital gains tax, we need a $10 billion social and affordable housing fund.
READ MORE
-
AUSTRALIA
- Osmond Chiu
- 18 March 2016
9 Comments
While Turnbull may be ahead as preferred prime minister, the Coalition has yet to demonstrate the principle of fairness that is deeply held and widely felt across the electorate. Labor's narrative needs to be not only that it is the party best equipped to deal with the challenges we face, but is the only party that can ensure any changes will be just and equitable. A plan for the future that is both convincing and seen as fair may end up being the difference between being in government and opposition.
READ MORE
-
AUSTRALIA
- Frank O'Shea
- 04 March 2016
2 Comments
At present, there is an argument between the two sides of politics about negative gearing. According to one side, changing the rules would reduce the cost of housing - and this is their strongest argument against such a change. A member of Gen X or Gen Y - someone in their 20s or 30s, not long out of education and in a first or second job, saving in the hope of one day being able to afford a home of their own - might not read it the same way. No wonder they are looking for a Messiah.
READ MORE
-
AUSTRALIA
- Andrew Hamilton
- 03 March 2016
9 Comments
Who better to consult than Dr Hippocrates and his humours? Before Tony Abbott's deposition the choleric element dominated in Australia, full of sound and fury. This has been followed by the preponderance of the sanguine humour, expressing itself in that sunny optimism that makes light of problems. But more recent events suggest that the humours are again in chronic imbalance. The core weakness in the Australian constitution has not been removed with the accession of Malcolm Turnbull.
READ MORE
-
ECONOMICS
- David James
- 26 February 2016
8 Comments
It is not often that federal political parties exhibit courage. Labor's decision to change the rules on negative gearing is a rare instance. It targets what is most dangerous and unfair in our financial system. Expect howls of protests from powerful lobby groups if it ever looks like becoming policy. But these changes alone won't be enough to deal with the ills of the financial system. While they are designed to target the bias away from productive investment, they won't remove the attraction towards property.
READ MORE