TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
The aim of eliminating child poverty becomes almost unachievable, when the parents of the children are given the money and then decide there are better things to spend it on (smokes, pokies, destiny cult, etc).
So many promises which will go unfulfilled, even with the best of intentions.
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
I see Labour have learned their lesson after taking a bath in the polls last election on the back of the promise of a capital gains tax.
They're going to be calling it a residential land tax.![]()
Go soothingly on the grease mud, as there lurks the skid demon
Landlords should get more recognition for the public service they do.
But I wonder if it were not for being able to leverage capital for the initial purchase, claim all expense's including interest on borrowings, rates, insurance, repairs,
travel to inspect etc and after a few years selling the property for a nice tidy tax free profit would people still be as keen to offer said public service?
If labour do introduce a CGT and investors have a big sell off I can then help my other Son into a property., save me waiting for the enevitable crash thats coming after the longest post war Wall St Bull run and larger debt than the GFC.
DeMyer's Laws - an argument that consists primarily of rambling quotes isn't worth bothering with.
There's only one reason most people rent: they can't afford to buy. So no matter how you cut it property owners that rent out those properties are supplying them for rents less than the cost to supply.
The fact that they don't pay tax AGAIN on money used to maintain the asset in the process simply means that they're only taking a slightly less hideous loss while paying the mortgage and that any "profit" they make on the business is deferred until they sell it.
So as Bob points out a sure fire way of completely fucking the social, (subsidised) housing stock is to either require landlords to pay tax a second time on maintenance costs and/or tax capital "gains", on the theory that all them rich pricks are getting something for nothing.
Go soothingly on the grease mud, as there lurks the skid demon
I didn't think!!! I experimented!!!
Surely gains on other forms of investment will also be included too, not just houses (boats, cars, bikes...)?
The stunning silence on any detail from liarbour is staggering, but not unexpected. What fool would vote for them and then wait to find out "how" a method of taxation would be implemented? That really resembles oppression.
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
There are currently 4 users browsing this thread. (0 members and 4 guests)
Bookmarks