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The Forum > General Discussion > Negative gearing, can we really do without it.

Negative gearing, can we really do without it.

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Negative gearing as is speculation investment are just two of the many cancers in economy.
The banks are the AIDS of economy. The Public Service is the Flu of economy.
Posted by individual, Wednesday, 19 October 2011 6:41:23 AM
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Thanks for your concern Hasbeen. I built my own house and paid for it as I went. All paid for long ago.

'Taking risks' is not so very risk taking when the state constantly pays out failed capitalists, subsidises them with tax rorts and an almost complete failure to police the most obvious rorters, while also paying all those costs that producers fail to build into their product costs, so passing them on to the public.

As for the ambulance cover going from power bills, about time. Where does the money for the police force come from? Or our totally failed armed forces, who cost us all billions every year in failed equipment purchases?

No doubt rehctub, you dream whistfully of the days of Ambo Boards, where old ducks sold raffle tickets and Lammingtons to fund the new Dennis/F250 ambo, and the ambulance driver was just that, a driver?

Expectations of skilled staff required 'funding', and it does not come from 'old ducks'.

As for the home-being-super, where will you live when you cash in your super? Capital gains, death duties, land taxes, these are not unusual, even Thatcher kept death duties and so is Cameron.

Of course, if the wealthy paid taxes, then we could all pay less, or pay for those services we all benefit from as a community.
Posted by The Blue Cross, Wednesday, 19 October 2011 9:00:56 AM
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Blue, I was an ambulance subscriber all my life.

My beef has always been in the way some of us are charged twice, or more.

I pay for my own home, a unit and two businesses, Why?

As for the wealthy paying tax, I'm with you.

A transaction tax is what I feel needs consideration as nobody can be over charged or, escape paying tax at all, unless of cause they live unde a rock and are totally self sufficient who, don't matter anyway.
Posted by rehctub, Wednesday, 19 October 2011 7:32:35 PM
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