Yes, Yabby..."Fair enough Poirot. As long as its on twitter or in a cartoon, you will know about it :)"

Of course, you'd never understand that political discussion and article sharing on twitter is far more incisive than anything that's waffled on OLO.

Poirot,

Your namesake was "killed off" some time ago on TV. If you really think that Turnbull, universally thought of as the most left-wing leader of the Coalition, has any connection at all with the right of politics, it's time for you to retire and stop displaying your ignorance. There's not a cigarette paper between Turnbull and Shorten - that's why true rightists are looking for other options. Duh! I've always marvelled at the gall you have, taking the name of a super-smart detective; the only thing you have in common with him is a fiction

A discount is a discount, and in a low inflation environment, with a medium term outlook, it has been an enormous incentive to invest in a market that can only rise through lack of supply, as in Sydney and Melbourne housing.

Marry that to low interest rates, the ability to pay interest only, and the lever of NG into increased holdings, and you have a recipe for acceleration of a market into a bubble, which must correct.

Removing NG is removing the pimple on the arse of the problem. Also, NG is not a "concession" can fund gov't expenditure by its removal. This is because reducing taxation by applying losses must still be embodied as a basic principle of a fair tax system (by company structures or new provisions for individuals to carry losses forward). This means nothing is gained by the taxman, in the end, by removing NG.

In its class war mantra, Labor is cutting corners with the truth. If it's looking for ways to fund its dreams in the current financial circumstances, conjuring up savings from the NG tax "concession" is a mirage. Either Labor is stupid or it believes voters are.

ttbn,

"...If you really think that Turnbull, universally thought of as the most left-wing leader of the Coalition, has any connection at all with the right of politics, it's time for you to retire and stop displaying your ignorance..."

Lol!

Mr Turnbull has sold his soul for the top job.

There he is attempting to continue the delivery of all the IPA's key points...he's not doing it very well though.

Apart from ditching the plethora of flags and cancelling Abbott's chest beating on the world stage, can you name me anything Mal has done that isn't hard right-wing?

Luciferase, "In its class war mantra, Labor is cutting corners with the truth. If it's looking for ways to fund its dreams in the current financial circumstances, conjuring up savings from the NG tax "concession" is a mirage. Either Labor is stupid or it believes voters are"

The socialists don't want those 'wealthy'(sic) landlords to indulge in positive gearing either.

One wonders where all of the social housing is to come from. Because government says it has no money to develop new property and government shies away from being continually burned by welfare tenants.

I suspect that both parties believe that they can keep everything
ticking along by means of the magic pudding just about forever.
I wonder if they really believe this or just hope that it all hangs
together until they are political history.

I think that they might just get away with it provided they make sure
they have left the scene by the early 2020s.
However there are opinions that we do not even have that much time.
I think the magic pudding may have gone off !
Have a read of Gail Tverberg's latest article;

http://www.resilience.org/stories-list/79716-energy

How aware do you think Australian politicians are to the situation
described, particularly as far as the average worker is concerned ?

This why I repeatedly say our pollies don't have a clue.