Baronvonrort wrote on Aug 3^rd, 2025 at 4:07pm:


Easy fix, don't live in Sydney unless you can afford it.

Greens would support reforms to CGT, negative gearing, and a fossil fuel export levy in the senate   
2025-08-04
greens.org.au
The Australian Greens welcome the ACTU’s calls to urgently address the unfair tax breaks that benefit property investors, as well as their call for a 25 percent levy on coal and gas exports at Treasurer Jim Chalmers’ Economic Roundtable.

The Greens’ have taken policies for changes to the CGT discount and negative gearing to successive elections. In 2025 the Greens’ policy to wind back these generous tax concessions to property investors which supercharge house prices was announced at the National Press Club in April.

Under the Greens election policy, both negative gearing and the CGT discount would be grandfathered to one existing investment property and removed on all second and subsequent properties, ensuring “mum and dad” investors with a single investment property are not negatively impacted, while disincentivising future speculative and unproductive investment in the property market.

The Greens also welcome the ACTU’s demand for a 25 percent tax on coal and gas export revenue. As former Treasury head Ken Henry has argued, fossil fuel exporters reap vast profits while paying minimal tax here and sending those profits offshore.

Lines attributable to Greens Leader and spokesperson on Climate and Energy, Larissa Waters:

“People and nature should be the beneficiaries of the economic roundtable, and the mega profits of big companies should be in the government’s sights.

“We can’t fix the housing crisis unless we scrap massive tax discounts that give property investors a leg up while locking first homebuyers out of the market.

“It’s absolutely imperative that changes to negative gearing and CGT concessions are on the Economic Roundtable agenda. Young Australians shouldn’t be locked out of home ownership while a small cohort of investors get an unfair tax advantage.

“The cost of climate change shouldn’t be left to ordinary Australians. Fossil fuel exporters are mainly foreign companies that pay little to no tax and send their profits offshore along with our gas or coal.

“It’s time these big polluters paid their fair share, including for the damage they are causing to ordinary Australians whose cost of living and livelihoods are being exacerbated by climate change.

“A 25 percent levy on fossil fuel exporters should be on the summit and the government’s agenda.

“Nurses, teachers and community workers already pay more tax than oil and gas companies. That simply isn’t fair, especially when those industries’ emissions are driving more extreme weather events that we all suffer through.

“Australia urgently needs comprehensive economic reform that tackles both the housing crisis and the climate crisis.

“The Greens would be happy to see reforms in all of these areas come to the senate and to work with Labor to pass them.”

Lines attributable to Senator Barbara Pocock, Greens housing spokesperson:

“If the Government genuinely wants to fix the housing crisis, scrapping tax breaks for wealthy property investors - such as the capital gains tax discount and negative gearing - is an essential and long overdue reform.

“Let’s be clear - this is a tax break for wealthy property investors, a tax break which comes at a cost to first home buyers and owner occupiers. This is also a tax break that increases levels of homelessness, which have increased by 10 percent under this government since it was elected in 2022.

“Massive tax breaks for wealthy property investors are cooking our housing system. Instead of everyone having a roof over their head, houses have become an investment asset class - which fuels intergenerational inequality.

“Instead of funding tax breaks for rich property investors, this government could be redirecting funds to building more public and affordable housing.

“Unless the Government makes the necessary reforms to the tax concessions for property investors, we’ll continue to see house prices rise and rents spiral. The Greens stand ready to work with Labor to action this urgent reform."

Who The Falk would permit endless tax concessions to a 'business' that never realises a profit that is taxable as income on paper..... and never realises one cent as income to the person or whatever who 'owns' it and benefits from it daily, but without this ever being considered income.......?

It's a rip-off - pure and simple.

You SHOULD apply that to virtually every 'business venture' in  this country at this time... some of them amassing BILLIONS to Offshore Venturers ... while Australia goes down the gurgler.

WHY are we promoting unearned profits for those who do nothing for this country, and give them tax concessions while they do it??

John Smith wrote on Aug 3^rd, 2025 at 5:33pm:


This is not a communist regime John. Except perhaps for education, you cannot force people to work for a low paying job in inner city Sydney. For everything else, employers will just have to pay more if that is what it costs. We don't even need to suggest it to them. And even the public schools have to compete against the private ones for employees.

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More lies and spin from the unions. But thanks for not starting yet another new thread WK.

The same tax rules apply whether you are investing in property, shares, your own business etc.

FD said I lied when I said feral cats breed so, yeah, I think he is making it up too.

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If they are needed, they will be able to afford it, because they will get paid whatever it takes to get them to turn up to work. Maybe the checkout chicks aren't really needed. They have already been replaced by robots. With the possible exception of teachers, you cannot force them to take a job they don't want. We don't live in a communist regime John. You might not be explicitly stating that we are, but your question pre-supposes and ignorance of capitalism.

This is where minimum wages get a bit silly. People who are unemployable on minimum wages in a place where it is cheap to live may still be employable on minimum wages in a place where no-one else wants to work.

But at the end of the day, you don't have to worry. Sydney is Sydney because so many people want to live there.

They're generous tax concessions and I will admit it having investment property .. long as grandfather it so it doesn't affect me 

John Smith wrote on Aug 6^th, 2025 at 7:36pm:


No it doesn't John. No-one is forcing them to live in Australia's most expensive city.