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Lab Housing Policy and Negative Gearing, page-38

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UniversalTrader

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30/01/24

08:00

Post #: 72123896
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Originally posted by TheCapatilist: ↑

"see how it works? the fear mongers got posters scared of losing their nest eggs."

Doesn't scare me Scott, as I don't invest in property and I have never deliberately negatively geared with shares.

Mine is just a question to the clowns that harp on continuosly about negative gearing, the politicians on the left included. Seems to me that
Labor and The Greens just jump to conclusions and outcomes without any thought process. The intention to tax some SMSFs on unrealised
capital gains is a perfect example of the lack of financial understanding and lack of fairness by the left.
The fact that Jim Chalmers was on the news yesterday saying that Labor have no intention of changing negative gearing laws is reason enough to believe that they might.

I have thought for a long time that the CGT discount is way too generous, and I have gained considerably from this discount over the years.
However I see that the current system in Australia is way too inequitable and handouts to middle Australia are way too generous. While the handouts to middle Australia continue unabated I will gladly keep taking my CGT concessions.

Labor has a history of taxing the successful and giving the money to the unproductive.

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If they really want to reduce speculation in ALL asset classes the CGT should return to the old indexation method where you are taxed on real gains after inflation - in the current system the rewards are higher for shorter term speculation and you are penalised for longer term holds.
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Lab Housing Policy and Negative Gearing, page-38

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Lab Housing Policy and Negative Gearing, page-38

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