Australia’s property boom making the nation poorer

Discussion in 'Economics' started by themickey, May 20, 2021.

  1. themickey

    themickey

    Just a couple more days before election and this is the week for scaremongering.

    Media headlines....

    "Voting Green may be the greatest act of self-harm by a generation ever"
    Under the Greens’ housing proposal, rent could rise by an average $83 a week, on top of the rent increases likely to happen anyway.

    "ATO’s blitz on family trusts threatens ‘financial ruin’"
    Wealthy families are being hit with bills for unpaid taxes and penalties worth hundreds of millions of dollars.

    "Labor’s missing $8b for housing makes a mockery of budget"
    More than 80 per cent of the $10 billion that the government committed to build 100,000 homes for first buyers was nowhere to be seen in its election costings

    "Labor’s tax on unrealised gains could wreck your retirement"
    This new tax warrants rigorous scrutiny and a more comprehensive reassessment before it inflicts lasting damage on our nation’s financial well-being.

    "Neo-Nazis imitate Libs in antisemitic leaflet drops; Dutton hopes to win back heartland seat"
    Follow live as we bring you all the news from the final week of the election campaign

    "Anthony-Albanese-doesnt-have-the-faintest-clue of credit rating peril."
     
    Last edited: Apr 30, 2025 at 4:21 AM