Sensible people have been suggesting that investing in real estate needs to be less attractive for decades. F***ing Paul Keeting tried to end negative gearing in the 80s. Millionaires didn’t like it to the degree that it might’ve swung a couple of marginal seats and it probably didn’t help that Hawke had a few investment properties himself.
When the only people with political power would lose out from sensible policy then it doesn’t happen.
Let’s all agree to stop calling our system a democracy.
Sensible people have been suggesting that investing in real estate needs to be less attractive for decades. F***ing Paul Keeting tried to end negative gearing in the 80s. Millionaires didn’t like it to the degree that it might’ve swung a couple of marginal seats and it probably didn’t help that Hawke had a few investment properties himself.
When the only people with political power would lose out from sensible policy then it doesn’t happen.
Let’s all agree to stop calling our system a democracy.