Lid posted:

Greens Splits, no longer just for NSW

JBP posted:

I wouldn't worry about this small group of idealistic young people getting in the way, the greens will be the neoliberal party du jour with the inner city rich folks that don't like dirty industry soon enough.

Quantum Mechanic posted:

You can think talking about smashing capitalism is ineffective (it's not that ineffective in my local area, people are way less attached to capitalism than the Liberals would have you believe) but the Greens need to reorient to some radical and visionary policy. Free education, basic income, re-nationalise the job service, direct Federal investment into publicly-owned renewable energy. Stop privatisation, fund public housing, etc. This small-target bullshit on market mechanisms for climate, tune the levers on taxation a bit and oh introduce a sugar tax is just simply not working and we're going to keep slowly bleeding away.

gay picnic defence posted:

There was a column on the ABC that pointed out that because such a significant proportion of property owners are investors now the traditional ideas about what might cause a crash may not apply. For example, investors don't consider an investment property a home that you try and hold onto until you can't afford to pay the mortgage, for them it's about the same as a bunch of shares and if they think it isn't going to increase in value any more they sell and put their money elsewhere. If they see a scheme that grandfathers NG, and think it will cause house prices to stagnate and then slowly fall, they'll try to get in ahead and sell before they have to sit through 3 years of their asset not growing.

Which is why I wonder if the bigger, institutional investors might be quietly moving their property on. We came within a whisker of having a Labor government who promised to grandfather NG in power, the polls are even worse now and blind freddy can see that negative gearing/CGTD is blowing up into a huge political issue which may not survive past the next election. Private investors may have drank too deeply from the koolaid for all this to register but maybe some of the bigger investors are taking a more objective view of it (or will soon). It's one thing to ignore APRA's and the RBA's warnings but once the ratings agencies and international banks start weighing in it might start to sink in that there is a bit of a problem brewing.

Nibbles! posted:

The difference with standard bubbles and our property market is that it isn't the inflated market itself people are trying to cash in on, it's the tax implications that are driving them to do it.

Ours started out with the public cashing in, it was anyone with equity and tax to minimise that benefited from negative gearing.

For the market to crash you need, for whatever reason, more people desperate to sell than there are buyers. At best negative gearing will be grandfathered meaning there's no reason to sell, investers will leave the market and all the desperate homebuyers will keep buying at whatever prices are.

quote:

Australia's biggest lender, the Commonwealth Bank, has raised home loans again, for the second time in less than a month.

The new rates affect a variety of fixed-rate mortgages — both for owner occupier and investors — with some of the rises of 0.5 percentage points, double the standard move from the Reserve Bank.

Solemn Sloth posted:

lol the Feds housing affordability policy is going to be releasing commonwealth land for residential development and exempting boomers from their house sales affecting pensions or super

Solemn Sloth posted:

yeah, the 120 ha one they talked about is an old munitions factory so god loving knows the state of the soil there.

Comstar posted:

I am so very happy that we have men of this talent running our country.

quote:

The Australian Tax Office (ATO) has declared there is little evidence of multinational tax evasion, despite several major international cases.

Technology giant Oracle and Credit Suisse are among the major companies that have been fined for breaking overseas tax laws.

But in Australia, the ATO thinks there is little proof multinational corporations are evading their tax obligations, according to a freedom of information (FOI) investigation.

"We have not seen significant evidence of large multinationals involved in tax evasion," the agency wrote in a letter to the ABC.

In the past year, it has not conducted any reviews or reports into the issue and is not considering any measures or policies to deal with tax evasion, according to the letter.

Bogan King posted:

Tokamak posted:

Bad debt is spending money to make sure people aren't starving or dying. I can't imagine what good debt is.

DancingShade posted:

If you aren't learning then you're earning.

*looks at small child too young for school, clearly mooching off it's primary provider (parent)*

Hmm hey kid. You look like you're ready to work a metal press. You like buttons right? It's got lots of buttons.

racing identity posted:

Essendon was an outer suburbs when these dipshits were buying their first house