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@davidc4430 wrote:Discrimination against older workers will cut economic growth and strain resources, institute warns
So its pensioners who are creating the huge debt this country owes?
Don't forget that negative gearing has cost the economy 10's of billions of dollars and through it,it's halved the
capital gains tax when negative gearing,(costing more billions of dollars that end up in investors pockets and
not into the government coffers).
It's also put the rental prices up to close to unaffordable levels so the renters don't have spare money to put
into the economy,(instead it just goes to the negative gearers who bank it or pay of the loans).
House prices have also risen due to negative gearing which is another negative if you want to try and buy an
affordable house/unit,
By not having that extra money to spend the economy doesn't turn over as much as it used to as that extra
money spent on rent ends up in the bank and not in the economy.
The billions claimed in tax through negative gearing losses means the Goverment keeps borrowing money to
make up for it.
So the rich get richer and the economy suffers,
@go-tazz wrote:
@davidc4430 wrote:Discrimination against older workers will cut economic growth and strain resources, institute warns
So its pensioners who are creating the huge debt this country owes?
Don't forget that negative gearing has cost the economy 10's of billions of dollars and through it,it's halved the
capital gains tax when negative gearing,(costing more billions of dollars that end up in investors pockets and
not into the government coffers).
It's also put the rental prices up to close to unaffordable levels so the renters don't have spare money to put
into the economy,(instead it just goes to the negative gearers who bank it or pay of the loans).
House prices have also risen due to negative gearing which is another negative if you want to try and buy an
affordable house/unit,
By not having that extra money to spend the economy doesn't turn over as much as it used to as that extra
money spent on rent ends up in the bank and not in the economy.
The billions claimed in tax through negative gearing losses means the Goverment keeps borrowing money to
make up for it.
So the rich get richer and the economy suffers,
Some of the money ends up in the bank, but quite a bit also ends up being spent on black SUV's and weekend resort holidays as the investors spend their taxpayer subsidised gains on luxury goods. That ultimately trickles down ( a good Liberal catch phrase ) to the workers at the resort and car dealerships. Go Tazz as you mentioned, the main problem with the CGT concessions is it helps to concentrate the wealth amongst a priveledged few at the expense of the less well heeled.
