12 May 2016

Negative gearing has long been a no,no for the Reserve Bank. Yet "Nobody" has listened or is listening now.

Politics aside, the RBA view on negative gearing is no secret.

It believes one day it will come back and bite us on the bum!

OPINION
Posted yesterday at 10:30am
Brisbane housing estatePHOTO: The RBA's unease about negative gearing and the capital gains tax discount is long-standing.(Giulio Saggin: ABC News)
With all the campaign fuss about the Reserve Bank note on negative gearing, you would think it revealed something new. But anyone listening would know they've long warned of the financial risks in the housing market caused by our policies, writes Michael Janda.
The Reserve Bank's unease about negative gearing and the capital gains tax discount is long-standing, as is only to be expected for a policy combination that most independent economists regard as a dog.

No comments:

Post a Comment

Featured post

The birth of corporate domination, maybe its already happened?

Griffith Review During the 1970s, a handful of the Americas wealthiest corporate captains felt overtaxed and over-regulated and decided t...