YES New Zealand learned nothing of the Hawke Keating period when Labor attempted to do a similar thing in 1985
The concept of negative gearing has been around in some form for a long time. Bob Hawke abolished it in 1985, though re-introduced it in 1987 for the stated reasons of increasing the supply of housing while keeping rents down.
We can see the effect of scrapping negative gearing by watching the NZ economy and property prices/rent prices. Just over 1 year ago NZ introduced this exact policy.
- Forums
- Political Debate
- Labor/Greens attack property owners
Labor/Greens attack property owners, page-47
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)