After the PC had shut down any talk of doing something about negative gearing and the half-rate capital gains tax, and excused away the federal tax system’s $18 billion annual subsidy to owner-occupiers, its brave call for the abolition of stamp duty was the only significant proposal left.
A weblog to publish views and articles on the housing affordability crisis, particularly as it is occurring in Australia, exacerbated by free market real estate salespeople and lobby groups, and indifferent governments who are either laissez faire or actively providing inappropriate tax breaks and clearly inflationary, irresponsible grants like the FHOG and FHOB.
Monday, December 22, 2003
John Quiggin - Political correctness at the PC
John Quiggin - Political correctness at the PC
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment