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baxtermcfaxter

6,204 Posts.

22

17/02/16

17:48

Post #: 17045591
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Originally posted by occam ↑

Baxter,
When it was abolished before , the world was a very different place. We had rising interest rates , over 12% from memory. We had much less investment in property, and we had Keatings .......recession we had to have ,....rapidly approaching.
Contrast this to today when we have the first generation of Australians that find housing unaffordable . Younger tax paying Australians that cant afford to buy are subsidising investors .
Australia will adapt to the removal of negative bearing and be like all those other countries that dont have it.
New houses will be built and investment will continue .

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If that is the case then CGT should be abolished also as they go hand in glove...countries such as NZ do not have CGT....
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