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I note you refer to negative gearing and housing rather than the impact on starting a business, R&D, innovation, renewables, infrastructure, etc etc
And no you don’t need a second house to negative gear. It could be your first.
Further you don’t mention the policy didn’t impact the wealthy, the beneficiary of daddy’s trust fund or an individual that can convert income into dividends.
You also mention someone living off the investments which by the way.......they can fully utilise the credits rather than those on a few hundred or a few grand.
Can you come up with a real legitimate example that labor was trying to stop? Hint......it happened last week. Do you know how it was done?
Surely this policy is absurd rather than my post highlighting the issue
Will you stop your bullshit about negative gearing - I can quote from the policy manual - it’s on houses!!
“A Shorten Labor Government will: Limit negative gearing to new housing from 1 January 2020. All investments made prior to this date will not be affected by the changes and will be fully grandfathered. ... Put negative gearing to work by limiting it to new investment properties to help boost housing supply and jobs.”
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