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Labor must decisively reject austerity in its policy outlook : Comments
By Tristan Ewins, published 18/2/2016The announcements on negative gearing and capital gains tax concessions will save tens of billions over the course of a decade, and will go some way towards redressing the Federal deficit.
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Surely if a burger flipper or a cleaner are worth $25 per hour, police are worth twice that, given the risks they take, yet they don't get paid twice. If we increase the low end wages, who's going to do the middle to high end jobs when the rewards are deemed as not worth it.
As for Tristian's comment about creating infrastructure jobs, are, you're about ten years too late Tristian because to do such requires money, and we don't have that.
I also note that Tristian has not addressed my point about multiple housing complexes, whereby negative gearing plays a huge part in this much needed practice and, given this is effectively being placed at risk, I would have thought he would have an answer, or at least accept its a potential huge flaw in labor's proposal.
As for tax dodging, we can introduce a law that sees all companies who generate incomes here pay the corporate tax rate, no exceptions.
What we can't do is guarantee these huge multinationals continue to do business in this hugely over priced nation which means the taxes they generate, GST, payroll, stamp duty, PAGY, the list goes on would leave along with them. Can we really afford to take such a risk?
There are some serious flaws in what Tristian is suggesting especially given that huge companies trade here because they choose to, not because they have to.
His support of labors negative gearing policy is also a dangerous position to hold because this policy has the potential to plunge us into homelessness for many and a deep deep recession.
He forgets that businesses and investors are not charities