negative gearing ENABLES property market with dividends to all...

negative gearing ENABLES property market with dividends to all levels of government as per below. Now which bright spark is going to find a $45B tax revenue black hole because we played with the property market and stuffed it? After that you'll be trying to invent a tax scheme which penalises only those that invest in property by way of capital gains obligations.... furthest column on right is 14-15. If you honestly believe you will make the $45B figure bigger by dropping NG then I find that difficult logic to follow. If you want our younger generations to have access to this asset class then that's a different story and thread, and a worthy one at that.
http://www.abs.gov.au/ausstats/[email protected]/mf/5506.0