To be honest the money i receive back from my multiple investment properties regarding negative gearing isn't that fantastic.
Sure you save a little bit of tax at the end of it all. But it isn't as much as everyone would have you believe.
When the government is breaking your balls taking 45 cents in the dollar from you in tax, it is a small way to recoup some of it.
If they want to scrap negative gearing they can also cut some taxes for high wage earners who work very hard and work many extra hours to keep the welfare payments and free healthcare flowing.
