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Some call him Lord of the landlords, others the banker’s friend and share market king but Peter Dutton is hoping to buy his 27th property. Whilst many Australians are doing it tough in the wake of high inflation the Leader of the Opposition is thriving. One of the sneaky things that the party of the rich, the LNP Coalition, do is to never set limitations on things. So, when they introduce new laws like the discount on capital gains tax, back in John Howard’s day, they ensure that it does not matter how many houses you own or how rich you are you still get that 50% discount.
Dutton Landlording It Over Ordinary Australians
Australia, like many modern economies, does not tax investment earnings in the same manner as they do income from working. Thus, we have the situation where the humble worker pays the lion’s share of tax revenue while the wealthy enjoy their riches from property ownership and investments. Indeed, Peter Dutton is hoping to buy his 27th property very soon to add to his real estate empire. Australian politicians know how to look out for themselves via their legislation and what’s in the fine print of the laws they bring in.
Dutton Champion Of The Wealthy Hiding Millions In Superannuation
It’s the same with superannuation in Australia, as there are few limits currently on what you can stash there. Superannuation was brought in by the Hawke Keating government to fund the retirements of ordinary Australians. However, it has become a low tax bolthole for the wealthy to hide hundreds of millions of dollars in the case of some individuals. Accountants and the very rich have no shame when it comes to manipulating the laws to serve their greed. Politicians become enablers for the billionaires and oligarchs to feather their own nests at the nation’s expense. This money should be taxed to pay for health and education but clever schemes put pay to this.
Australia’s Robodebt Shame & The LNP Coalition
It is understandable that Peter Dutton is just too busy to look out for those Australians doing it tough. His massive property portfolio and share market shenanigans would keep most of us busy. The LNP Coalition don’t like poor people, as Robodebt taught us that if nothing else. An ideological attack on welfare recipients falsely accusing half a million, yes 500, 000, Aussies of cheating Centrelink. Robodebt was illegal but the Coalition government didn’t let that stop them for 6 years. It was the greatest betrayal of ordinary citizens by an Australian government in the history of the nation. People died in despair taking their own lives. A settled class action has cost the tax payers, you and me, $1.8 billion. Billions more in Royal Commissions and inquiries. The NACC are making a meal of it at the moment, as elites shy away from holding other elites accountable. These folk look out for each other at the expense of ordinary folk. In Australia, you can do illegal stuff that costs billions and results in vulnerable people dying and still not be prosecuted. This is the kind of place we live in. The wealthy and powerful look out for themselves with lawyers and accountants.
“I think this story gives us an insight into why it is that Peter Dutton has consistently voted against cost of living relief for average Australians and why he’s now going to an election saying that if he’s elected, he will cut Labor’s $10 billion Housing Australia Future Fund,” he told reporters. “
Peter Dutton is hoping to buy his 27th property, if and when he deems it appropriate to do so. He may have made a share market motza on the back of a few whispers from bankers back in 2009 and invested that wisely in residential property. Indeed, it is people like this who have fuelled unaffordable property price inflation, as first home buyers have to compete with property investors like Dutton. This is the country we live in and the kind of folk wanting to lead the nation.
Robert Sudha Hamilton is the author of America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump.
©MidasWord
