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发表于 2024-4-12 16:31
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The rental crisis is a symptom of intergenerational theft writ large. Home ownership has plummeted for under 40s while those over 65 enjoy the lion's share of private wealth. A combination of mercenary, selfish, one-generational policies from CGT concessions to negative gearing to de-regulation of the banking sector have culminated in this socio-economic crisis. The notion that losses on an investment could be used to reduce tax on taxable employment income when there is no relationship between the two is a disgraceful policy choice - yes, a choice. And just who do we all think made that choice? Not today's youngsters unable to afford to live in the city of their birth. While this masthead will pick and choose examples of youngsters buying, with or without the "bank of mum and dad", the naked reality is that home ownership is out of reach of a certain age group unless they are loaded. What a society when in one generation all you needed was a heartbeat and any job to buy a property, to a society where not even the most highly paid can afford a dog box. Even if they can, they will never pay it off, it's mathematically impossible. But let's keep asking that generation to pay for aged care, etc because another of our tax policies was to reduce income tax over the last 40 years. And which generation benefitted most from that do you think? |
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