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Originally Posted by Big Trev
We should be supporting those who can't help themselves - really simple philosophy
Maybe as I am closer to that retirement age than you, but fortunately the family home is exempt from the assets investigation when you apply for the age pension HOWEVER, your furniture, your car, maybe a caravan, all other assets EXCEPT the physical house. You must also remember that most 'old' people bought or built their homes LONG before there was a housing boom, so why should they be punished because housing prices went through the roof - you thinking is flawed
I am a fan of getting rid of negative gearing for existing houses, however they should keep it in place for new homes. Do you actually understand how it works? You can 'negative gear' shares as well, did you know that?
Building is a huge boost for the economy the flow-on effect is huge, swapping existing houses between investors does nothing for the economy but a lot for the investors
what is the point of that argument, it is pointless
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You should take more of a world view of things. We’re not an isolated island at the bottom of the world anymore. We compete with every other nation on the planet. The more people we have working to support our countries growth the better. Sweden, Denmark, Canada, France and Germany all have higher workforce participation than us for women with dependent children. And all of those countries subsidise their childcare industry.