NG on housing, capital gains tax discount, multi national tax avoidance, page-50

The best way to repair the economy is for the Government to back Builders to become Building Societies..

The Builders Society is the only way to Build the economy. Its the only way to create Jobs and Growth.

By the Banks being in control all it does is makes the same old Shack house worth more next year to churn and resell higher.

All those new Loans just goes to pay a higher price for the same old shack house, It just employs Solicitors, bankers and RE Agents.

Bugger all of the new loans goes to building the economy.

All the Term Deposits the Banks take in just go to lend someone a higher loan to buy the same old shack house.

None of the Money loaned for Houses goes towards developing better ways to build Houses.

None of the Banking Profits from loans on houses goes to any of the Builders that build and design houses.

None of the loan Banking profits goes towards developing better building design software or for better Materials development.

If we really want to continue with a housing based economy then we will need to start investing the Profits from providing home loans back into better house design software, better building materials and better building methods to last longer.

Otherwise all the 10 million dwellings in Australia will just all fall down in the next 30 years.

Because the dwellings werent engineered to last as long as some of the Loan durations.