Albo The Zombie Neoliberal PM

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Anthony Albanese and his Labor government have not addressed the housing crisis. Too afraid to offend anyone; they are hoping to shift the neoliberal economic levers to relieve the situation. Hoping to increase housing stock and have supply reduce the high price of demand. This is not working, however, as there are too many roadblocks in the way in Australia. Not enough tradies to build the needed homes and recalcitrant councils holding up planning and building approvals are just some of the intransigent problems. How many years are poor renters going to have to suffer exorbitant rents on homes? Meanwhile, the price of residential property in Australian cities continues to surge. Albo the zombie neoliberal PM.Continue Reading

assorted color wall paint house photo

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In: economics, featured, Government, latest post, politics

Of course, negative gearing needs to have limits imposed upon it, as does the capital gains tax offset. It has only been political expediency, which has maintained these inequitable economic policies for so long in Australia. Yes, there will be howls of protest coming from those benefitting directly and indirectly from these policies. The real estate sector will be up in arms and crying that the sky will fall down upon us all if these changes are made. The aspirational voter (those who see property investment as their pathway to riches) will be dead set against any changes to either negative gearing or the capital gains tax offset.Continue Reading