Join Australia's most dynamic and respected property investment community

Malcolm T is another lame politician backing down on Neg gearing

Discussion in 'Property Market Economics' started by Abooking, 26th Apr, 2016.

  1. Abooking

    Abooking Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    52
    Location:
    nsw
    Last year I was concerned when MT took up the new job and starting saying he would reform negative gearing. I should have known he would back down and change his mind. Just another lame politician in this world. Obviously, Im happy about this news but find the politics in the nanny state of Australia pathetic.

    cheers
     
    Perthguy and inertia like this.
  2. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,569
    Location:
    Melbourne, Australia
    It doesn't read you are happy...

    cheers
     
    Last edited by a moderator: 8th May, 2016
  3. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    It was never going to happen with the pandoras box full of side effects awaiting
     
  4. Plucka

    Plucka Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    137
    Location:
    Brisbane
    The main side effect being the gutless politicians losing votes? Australian politics- 100% populist driven
     
    Lenny and wategos like this.
  5. LibGS

    LibGS Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    616
    Location:
    Melbourne, Australia
    Actually if you watch his speech to the media on the night he won, he pretty much said he would change nothing. He said he was put there because their message needed to be communicated more effectively.
     
  6. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,508
    Location:
    Sydney
    MT=TA
     
    LibGS likes this.
  7. Ouga

    Ouga Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    374
    Location:
    "Trying is the first step towards failure" Homer
    Pleonasm
     
  8. Plutus

    Plutus Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    268
    Location:
    The North
    There is easier low hanging fruit that people are less emotional over (multinational taxation) & more pressing spending issues, like the rapidly growing costs associated with our ageing population.

    I think he floated it, saw that there wasn't the level of community consensus he was hoping for, because while the majority of benefit is going to the very top of the pyramid, there are still a LOT of middle income households getting some benefit & abandoned it. He hasn't been PM for long enough to have enough capital built up to bully through unpopular policies.