
Why Negative Gearing is a community service
Dr Tony Hayek2 Comments on Why Negative Gearing is a community service
So we all know that Property Investment and Negative Gearing are popular topics among Australians. The removal of Negative Gearing was a major policy discussion in the recent federal election and it came under heavy scrutiny. For Labor, it was the lead runner on the path to change. History now tells us that it backfired as a strategy to win the votes of the Australian people. According to Labor, Negative Gearing was exclusively used by a ‘wealthy’ class of Aussie and that it was in the best interests of the majority of Australians for it to be removed. Turns out the Australian people didn’t feel the same way.