Most nations have subsidies of one kind or another, but these are usually for the benefit of the poor.
In Australia, the relatively rich poor can afford to subsidize those that wish to take advantage of NG.
There is, IMO, a danger that as more and more young people can't get onto the housing ladder, there will one day be a young voter backlash against NG. But I agree with Pasqual i.e. NG is here for good..period! at least for the foreseeable future. ===============
The strong Australian economy has not experienced a recession since the early 1990s. This, along with reduced personal tax burdens, real rising incomes, extensive property subsidies and tax breaks, and rapid increases in property values, delivered an economic environment conducive to negative gearing.
