henry urges wider profits tax, page-27

  1. vertigo
    11,416 Posts.
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    22/06/10
    14:01
    Post #: 6826940
    "Abolishing negative gearing is a sure fire way to
    a) reduce proprty prices &
    b) get kicked out of Government."

    Very true, as the current housing market is totally dependent on taxpayer funded capital gain speculation. Removal of negative gearing could cause a US style and the four pillars would come crashing down.
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    lightbulb Created with Sketch.  Great analysis
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