Cancelling neg gearing will 1) smash property price by flooding the market will distressed assets, which you may say good. 2) State Street, Black Rock & similar will gobble up all the distressed assets, transferring assets from punter to big business. 3) Property will significantly recover past previous price due to constraint to new buildings, and price gouging from big business.
Big Corps gain a massive advantage over every day punters with the abolition of neg gearing. They already have an advantage with much cheaper finance.
NG allows every day punter investors similar deductions to Big Business. NG allows people to accumulate wealth and become financially independent. NG allow every day punters to compete with Big Corps in the investment space.
Abolishing NG is the greatest thing for Massive Corporations since; a) lobbying politicians became a thing b) political financial contributions became a thing c) massive corporation took over media.
The current two biggest transfer of wealth plays by big corps worldwide are private residences and farm land. If you support this then keep doing their bidding.
