#AustraliaInstitute #auspol Bad advice – which hasn’t aged well Read more…https://australiainstitute.org.au/post/bad-advice-which-hasnt-aged-well/?utm_source=rss&utm_medium=rss&utm_campaign=bad-advice-which-hasnt-aged-well
The Australia Institute · Bad advice – which hasn’t aged wellTen years after former Treasurer Joe Hockey advised Australians to get “a good job that pays good money” to buy a house, new analysis by The Australia Institute reveals just how bad that advice actually was.
@ridicol@mastodon.social"25 years of the tax system incentivising housing speculation through the 50% capital gains discount combined with negative gearing has left Australia with a housing affordability crisis.
“The 50% discount and negative gearing now cost around $12bn a year with $7.2bn going to the richest 10%."
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