Australian Federal Politicians Should Disclose if they hold Negatively Geared Assets in their Members interest Statements
169 Comments
D
Denis Mikhalkin
11 years ago
I strongly believe that negative gearing is one of the main reason many people cannot affort to buy a property and are forced to rent. It pushes the property prices high out of reach of ordinary people. It is contributing to the property bubble (no value is created when property prices grow), and has wave impact on other costs. It supports an investment which does not produce any value and in the long run does not make any sense for Australia as a whole.
N
Nick Baker
11 years ago
There are a number of very valid arguments, included substantial tax revenue if negative gearing was abolished. The argument that this would cause Tenants to be evicted from property has been statistically proven to be invalid except for a number of isolated cases in Sydney. It is not reasonable to expect the normal PAYE tax payer to pay the brunt of tax revenue whilst these wealthy property speculators avoid paying tax.
M
Michael Czajka
11 years ago
10% of Australians take the other 90% to the cleaners thanks to negative gearing
R
Ruth Mann
11 years ago
Negative gearing is making housing unaffordable
A
Andrei Buters
11 years ago
Enough is enough.
M
matt escartin
11 years ago
canberragate.com
M
Mohamed Zubair
11 years ago
Negative Gearing is Shit!
J
Jeremy Lines
11 years ago
Politicians should be working to bring the price of an average house down to 3 times average annual wage. bhey are doing the opposite.
L
Lufan Wang
11 years ago
Long overdue
L
Liam Carroll
11 years ago
Affordable housing for young Australians now!
A
Alan Chate
11 years ago
NG needs a serious overhaul however this will not happen while the pollies may be affected negatively.
J
Jon Roberts
11 years ago
not just federal
S
Samantha helsham
11 years ago
Featured
In a time when negative gearing has made home ownership impossible for many young people, and politicians, collectively, are known to have a great deal of money tied up in real estate investment, the deathly silence in the parliament on the topic of negative gearing is undermining Australian's faith in democracy.
M
Mitchell Swan
11 years ago
this discussion is well overdue
K
Katie Thomas
11 years ago
Vested interest blocks equity and ethics and due process. This must be remedied.
D
Dave
11 years ago
The public need to know what personal motivations are driving policy decisions.
S
Steve
11 years ago
Pollies should declare every single financial interest they own, not just negative geared assets... I thought i already had too! How can we trust anything they vote on if they don't. Pollies work for the people so they should be forced to declare every single little thing while in politics.
T
Theo Aias
11 years ago
Housing Bubble due to Negative Gearing. Tax breaks for Housing Bubble.
M
Marc Brunet
11 years ago
This domestic policy needs being seen in the light of a possible not "conflict of interests" but "convergence of interests*" on the part of its supporting MPs.
C
Claas Hegermann
11 years ago
Why should my taxes be used to pay for someone else's investment?
I strongly believe that negative gearing is one of the main reason many people cannot affort to buy a property and are forced to rent. It pushes the property prices high out of reach of ordinary people. It is contributing to the property bubble (no value is created when property prices grow), and has wave impact on other costs. It supports an investment which does not produce any value and in the long run does not make any sense for Australia as a whole.
There are a number of very valid arguments, included substantial tax revenue if negative gearing was abolished. The argument that this would cause Tenants to be evicted from property has been statistically proven to be invalid except for a number of isolated cases in Sydney. It is not reasonable to expect the normal PAYE tax payer to pay the brunt of tax revenue whilst these wealthy property speculators avoid paying tax.
10% of Australians take the other 90% to the cleaners thanks to negative gearing
Negative gearing is making housing unaffordable
Enough is enough.
canberragate.com
Negative Gearing is Shit!
Politicians should be working to bring the price of an average house down to 3 times average annual wage. bhey are doing the opposite.
Long overdue
Affordable housing for young Australians now!
NG needs a serious overhaul however this will not happen while the pollies may be affected negatively.
not just federal
In a time when negative gearing has made home ownership impossible for many young people, and politicians, collectively, are known to have a great deal of money tied up in real estate investment, the deathly silence in the parliament on the topic of negative gearing is undermining Australian's faith in democracy.
this discussion is well overdue
Vested interest blocks equity and ethics and due process. This must be remedied.
The public need to know what personal motivations are driving policy decisions.
Pollies should declare every single financial interest they own, not just negative geared assets... I thought i already had too! How can we trust anything they vote on if they don't. Pollies work for the people so they should be forced to declare every single little thing while in politics.
Housing Bubble due to Negative Gearing. Tax breaks for Housing Bubble.
This domestic policy needs being seen in the light of a possible not "conflict of interests" but "convergence of interests*" on the part of its supporting MPs.
Why should my taxes be used to pay for someone else's investment?