>Adam Bandt's demand he ditch negative gearing and the proposed doubling of Capital Gains Tax

Well, thats an excellent idea, just reinforces why I vote Green.

>Negative gearing actually provides for more housing by helping investors to borrow more

That forces hose prices up, it doesn't encourage more housing. If you're going to blantantly lie and not argue in good faith then what's the point ? The one experiment we did back with Keating showed that up for the lie it us. Negative gearing for housing is just a giant tax subsidy for the grifter class.

https://www.smh.com.au/business/the-economy/pollies-tell-fibs-about-negative-gearing-20030825-gdhaaf.html

Welcome to California, Australia Lite.

This article is anti-social diatribe: The plight of those left behind by an experiment in wealth accumulation from the scorched housing market is totally sidelined, dominated by the greed factor as good!

It’s important to keep up the pressure on the homeless camps though, keeping them out of sight and most importantly, out of mind, as an annoying persistent, and to some, a painful sign of failure of the over pampered property owner, unable to acknowledge his greed as the cause of pain to others, to be singled out for special privileges by timid Politicians lacking any empathy at all towards the calamity that the housing market has gravitated into: A black hole of misery for the increasing many.

California made this mistake by kicking the can down the road with Ad Hoc remedies, until the encampments encroached uncomfortable into the lives of the good people of town.

NGO’ assigned to deal with the problem of nowhere to live for the lesser people of society, failed in their attempts to deal with such side effects as deification on footpaths, requiring phone apps to navigate a path for the good folk, attempting to pass entrenched encampments of the fall out of greed.

Only when the entrances to office buildings were overcrowded with desperate campers, restricting access by their intimidating reality, did the Governor act, (against the encampments).

I well remember a time when only the blacks lived like this in Australia, mostly along the banks of rivers and creeks.

The only change I’ve noticed recently, is the change in skin colour from black to white!

Does not one pay the full capital gains tax of the sale of shares?

The After Burner.

What we desperately need in order for the housing market to revert to its original intention viz, housing “all “ members of society, is a “reversal” of house prices.
This can be achieved by “ penalising “ property investors, sending them and their money in other directions.

For the social good of society, empty houses available to everybody in society that needs a place to live for themselves and their family “out of the elements”, is not only desirable, but essential.

With a property market in reverse, at that point compensating genuine loss from asset depreciation is marginally more realistic; but even then, not entirely either. Rewarding speculators for their losses is a gross insult to taxpayers.