This is disgraceful!!! If parents are coerced by Bankers and cronies to borrow against their homes, then within five years as planned by Bankers, they will lose their home. How does that help the kids if bang goes the inheritance into a banker's Greedy pockets? The Prime Minister should be ashamed of himself!!! Should be a Royal Commission into MALCOLM.
I will send a copy to Robert a that is precisely what happened to him and others! I feel dear Malcolm letter coming on....................SHARE this with everyone you know on facebook and family and friends.
Multi-millionaire PM Malcolm Turnbull labelled 'out-of-touch' for saying parents should 'shell out' to help their children buy a house... but is it wrong for families to help each other?
- Prime Minister Malcolm Turnbull has been labelled 'out-of-touch'
- Mr Turnbull suggested parents 'shell out' to help children buy first home
- Opposition Leader Bill Shorten fired back at Mr Turnbull about comments
- He said: 'Is that really the prime minister's advice... to have rich parents?'
'Are your kids locked out of the housing market?' Mr Turnbull asked.
To which Faine responded with a 'yes'.
'Well you should shell out for them. You should support them, a wealthy man like you,' Mr Turnbull quipped, triggering a laugh from the radio presenter.
'That's what they say,' Faine said.
Mr Turnbull added: 'Yeah exactly, see you've got the solution in your own hand, you can provide a bit of intergenerational equity in the Faine family.'
His comments sparked a verbal lashing from Opposition Leader Bill Shorten during Wednesday's Question Time.
Mr Turnbull made the comments to ABC Radio's Jon Faine on Wednesday morning as the host questioned the Prime Minister over his negative gearing policy
Is that really the prime minister's advice for young Australians struggling to buy their first home - have rich parents?' Mr Shorten asked.
'Just how out-of-touch are you?'
But the Prime Minister did not back down.
Mr Turnbull said Labor was 'sneering at hard-working Australians who seek to make something for their children'.
'This is a political war they want to commence against aspiration, against ambition, against enterprise,' he said.
'We are for enterprise. We are for our children and our grandchildren and their future in a 21st century economy.'
Read more: http://www.dailymail.co.uk/news/article-3574057/Malcolm-Turnbull-touch-suggesting-parents-help-kids-buy-home.html#ixzz47lFw1bAa
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