#propertyrort — Public Fediverse posts

@Old_IT_geek Respect for voting for Shorten's reforms even though you'd cop a hit — that's rare integrity in this game.
Totally agree: ditch the 50% CGT discount on investment properties (speculative hoarding, not productive), and scale back franking credits that let companies dodge tax while starving reinvestment.
But let's be real: very little chance the property-rich pollies in Canberra will actually change anything meaningful. Over half of federal MPs own multiple properties (some 5–7+ investments), averaging ~2 per person — way above the average Aussie household. They're literally legislating their own tax perks.
No wonder the rort survives. We need outsiders pushing harder.

#AusPol #HousingCrisis #TaxTheRich #PropertyRort #NegativeGearing