Australian Politics Forum - Australia Takes From The Poor To Give To The Rich

rhino

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Re: Australia Takes From The Poor To Give To The Rich
Reply #15 - Apr 11^th, 2018 at 12:00pm

Sir lastnail wrote on Apr 10^th, 2018 at 7:06pm:

rhino wrote on Apr 10^th, 2018 at 3:21pm:

Capital gains exemption factored in which can only be realised when and if property is sold for a profit. The other point to make is that negative gearing only works if you make a loss on the property, this effectively means they are subsidising the renters on these properties.

then get rid of it. What's the problem ??

Im pointing out that factoring in an unrealised, unknown capital gains exemption makes the article a sham.

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rhino

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Re: Australia Takes From The Poor To Give To The Rich
Reply #16 - Apr 11^th, 2018 at 12:02pm

Sir Grappler Truth Teller OAM wrote on Apr 10^th, 2018 at 7:47pm:

rhino wrote on Apr 10^th, 2018 at 3:21pm:

Capital gains exemption factored in which can only be realised when and if property is sold for a profit. The other point to make is that negative gearing only works if you make a loss on the property, this effectively means they are subsidising the renters on these properties.

No - they are subsidising their investment, and getting a tax concession for doing so.

The tax concession only exists if they lose money. You cant have it both ways, either they are getting rich and making money = getting no concessions or if they are getting concessions they are losing money.

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Sir Grappler Truth Teller OAM

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Re: Australia Takes From The Poor To Give To The Rich
Reply #17 - Apr 11^th, 2018 at 3:05pm

rhino wrote on Apr 11^th, 2018 at 12:00pm:

Sir lastnail wrote on Apr 10^th, 2018 at 7:06pm:

rhino wrote on Apr 10^th, 2018 at 3:21pm:

Capital gains exemption factored in which can only be realised when and if property is sold for a profit. The other point to make is that negative gearing only works if you make a loss on the property, this effectively means they are subsidising the renters on these properties.

then get rid of it. What's the problem ??

Im pointing out that factoring in an unrealised, unknown capital gains exemption makes the article a sham.

Yes, but the fact that there exists a concessional capital gains tax does affect the market... the issue is socialism for specified segments of capitalist activity in the West, which is a wide spread phenomenon - does every business get the same deal?

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Sir Grappler Truth Teller OAM

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Re: Australia Takes From The Poor To Give To The Rich
Reply #18 - Apr 11^th, 2018 at 3:07pm

rhino wrote on Apr 11^th, 2018 at 12:02pm:

Sir Grappler Truth Teller OAM wrote on Apr 10^th, 2018 at 7:47pm:

rhino wrote on Apr 10^th, 2018 at 3:21pm:

Capital gains exemption factored in which can only be realised when and if property is sold for a profit. The other point to make is that negative gearing only works if you make a loss on the property, this effectively means they are subsidising the renters on these properties.

No - they are subsidising their investment, and getting a tax concession for doing so.

The tax concession only exists if they lose money. You cant have it both ways, either they are getting rich and making money = getting no concessions or if they are getting concessions they are losing money.

So you go into a business to lose money, and at the end of the day get a bonus for this poor management decision?

No wonder the national economy is in ruins.... with that kind of thinking driving the engine room of governments.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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