Well folks its going to be a long election campaign and the Coalition are going to great lengths to protect the money men with whom they are so closely embedded.
This morning that vile snake of a man Scott Morrison quoted the exact number of teachers, police, nurses and people around the $80,000 bracket who are negative gearing and he kept emphasizing the mum and dad investors will lose out.
Not once did he mention politicians and all these people who have large property portfolio's who profit greatly from the huge tax benefits from doing so. He is running a calculated fear campaign and not once did he state that Labor's policy doesn't include existing properties and won't come into force until 2017.
All of us who have lost to predatory lending practices were classified as unsophisticated investors and borrowers but now Scott the Snake Oil Man says we are intelligent and to put any restrictions on negative gearing, we will all see through it. The only thing I am seeing is desperation tactics from a Coalition party who are trying to keep their bankster mates, who are a big part of LIB happiness, but at what cost?
Saying NO to a Royal Commission into banks is raising more questions as to what are they afraid of? The majority of the Australian population want it. Trying to protect the millionaires with lots of property from paying more tax by stating mum and dad investors will lose out is just a con to protect the wealthy.
There are a number of experts who have more credibility than Scott Morrison have stated they are in favour of a RC, changes to negative gearing and claiming against Super payments and other options but this Coalition refuse to budge and compromise and only have tunnel vision as to what needs to be done.
It seems most Coalition policy is being made in response to Labor proposals and within days they are coming out with their own versions. According to the Prime Minister Malcolm Turnbull, (Malcolm in a Muddle) we are now in the age of innovation and to go forward we are going to need private enterprise to fund it so I assume whatever is left that we own in Australia, will be sold off to the highest bidder and the banksters will be in there for their cut of the shrinking pie.