Australia - you're standing in it
GuySmiley wrote:Good ole @info gotta hand it to you, all in on defending the unflushable turd, nothing wrong with your loyalty although a reading of those cabinet papers yesterday tells us that Sydney house prices went up 43% in the 2 years following Howard’s 1/2 CGT and negative gearing decisions and he was warned by Treasury that those increases would continue, as they have, if he didn’t reverse his decisions … but the cabinet papers go on to say that he was worried about the political fallout if he did … better economic vandals, hahaha
Thanks GS,
There's plenty more too, but I'll go and enjoy this glorious day.
Cheers
It's clear to me that having had a genuinely conservative government for all those years has been a blessing, possibly in disguise for many who seem reluctant to admit it. Unlike the so-called conservative parties elsewhere, such as the UK's Tories, which have often strayed from traditional conservative principles, The Howard-Costello government stayed true to its roots.
We all benefited, and still do to this very day.
When I observe the myriad issues plaguing other nations, I feel a profound sense of gratitude. We've managed to sidestep so many of the pitfalls that these countries are currently entangled in. Our social and cultural fabrics, our economy, our peace and stability – all these aspects are remarkably intact, almost unscathed in comparison.
It's like we've dodged a bullet, and for that, I am truly thankful to the Howard-Costello government .
^^ oh yeah ,with even working families living in tents with their kids.
Chelsea L wrote:It's clear to me that having had a genuinely conservative government for all those years has been a blessing, possibly in disguise for many who seem reluctant to admit it. Unlike the so-called conservative parties elsewhere, such as the UK's Tories, which have often strayed from traditional conservative principles, The Howard-Costello government stayed true to its roots.
We all benefited, and still do to this very day.
When I observe the myriad issues plaguing other nations, I feel a profound sense of gratitude. We've managed to sidestep so many of the pitfalls that these countries are currently entangled in. Our social and cultural fabrics, our economy, our peace and stability – all these aspects are remarkably intact, almost unscathed in comparison.
It's like we've dodged a bullet, and for that, I am truly thankful to the Howard-Costello government .
Comedy Gold!!!
GuySmiley wrote:Good ole @info gotta hand it to you, all in on defending the unflushable turd, nothing wrong with your loyalty although a reading of those cabinet papers yesterday tells us that Sydney house prices went up 43% in the 2 years following Howard’s 1/2 CGT and negative gearing decisions and he was warned by Treasury that those increases would continue, as they have, if he didn’t reverse his decisions … but the cabinet papers go on to say that he was worried about the political fallout if he did … better economic vandals, hahaha
“…. Between March 2002 and March 2004, Sydney’s median price for an established home jumped by 43 per cent, from $365,000 to $523,000. Melbourne’s median price rose by 27 per cent to $305,000, while in Brisbane it jumped 64 per cent...”
“ … But the commission also called for a review of the tax system, particularly the Howard government’s 1999 change to capital gains tax, as soon as possible.
In a joint submission to the cabinet, Howard and Costello argued that most of the commission’s proposals were aimed at the states and territories.
In a sign of the political and economic issues involved, under a section entitled “sensitivities”, the two men noted that given the then “delicate stage” of “excess demand” for housing, the timing of any changes could influence property prices in the near term.
“That is, policy announcements that increase housing demand may provide a disproportionate boost to overall housing demand and prices, resulting in further declines in affordability,” they noted.
“In contrast, policies directed at curbing investor demand may result in a disproportionate decline in house prices in a short amount of time (investors fleeing the market), resulting in significant costs to household balance sheets and potentially serious impacts on the economy.
The 1999 capital gains tax change had come from a business taxation review that argued it would encourage investors to sink money into the Australian sharemarket.
Instead, it was already apparent by 2004 that property investors were using the concession.
At the time, the Reserve Bank raised concerns about the combined impact of negative gearing and the capital gains tax concession.
The Productivity Commission noted negative gearing and the concession had “combined to magnify the attractiveness of investing in residential property during the recent upswing in house prices, thereby adding to price pressures”.
“… By the first full year of the capital gains change, landlords reported a net $1 billion of losses. In 2003-04, they had reached $2 billion before doubling the following year to $4 billion. Net rental losses would reach a record $10.5 billion in 2008-09.
In a draft media release put to the cabinet, Howard and Costello stood by the capital gains tax changes, saying “they had improved incentives to save and invest by introducing an internationally competitive capital gains tax regime”.
Im not sure why this is aimed at me?, i was just agreeing with Chelsea who summed up things very well.
But yes 100% Howard did cause housing prices to rise because he got Australia out of Labor's recession, people had job's again, interest rates went down and people had confidence in the economy and future, more people could buy houses again, creating competition increasing prices.
The complete opposite of the Labor years and their recession we had to have, where interest rates went sky high, unemployment rates went sky high and the housing market crashed.
People were pretty much giving away blocks down here because they couldn't afford the rates on top of their home repayments up town,.
But hey housing was cheap you say.
Chelsea L wrote:It's clear to me that having had a genuinely conservative government for all those years has been a blessing, possibly in disguise for many who seem reluctant to admit it. Unlike the so-called conservative parties elsewhere, such as the UK's Tories, which have often strayed from traditional conservative principles, The Howard-Costello government stayed true to its roots.
We all benefited, and still do to this very day.
When I observe the myriad issues plaguing other nations, I feel a profound sense of gratitude. We've managed to sidestep so many of the pitfalls that these countries are currently entangled in. Our social and cultural fabrics, our economy, our peace and stability – all these aspects are remarkably intact, almost unscathed in comparison.
It's like we've dodged a bullet, and for that, I am truly thankful to the Howard-Costello government .
Yep, just look at the USA & Europe and huge problems that are having with illegal immigration, it's now not even an issue in Australia because we tackled it head on.
You’ve been sucked in well and truly Indo.
Seeking asylum isn’t Illegal.
That’s the hysterical label that has been bandied around for far too long.
Ha ha....the old school Sweellneters are right now yelling...No seeds nooo....dont get him started on that topic again.
Im just going to roll my eyes to your comment.
Yes as expected, ignore the premise.
indo-dreaming immigration is one of the issues I was hinting at, but not the only one.
seeds, look no further than the EU, the UK, and Canada to see the results of this so-called asylum seeking. Have you been to London recently? What about Paris? Montreal perhaps? There's an anecdote circulating right now about these "asylum seekers" who supposedly couldn't return to their home countries yet manage to go back for holidays. It's quite telling, isn't it? Our tight border policies (at least until recently) have been a godsend and I would never have had it any other way.
Now, I'm not suggesting that Australia is without flaws - far from it. However, when you compare our situation to those countries I mentioned, our problems - including homelessness - are on a vastly smaller scale and less pervasive. One reason I credit much of our recent prosperity to the Howard-Costello government is because, in my view, we haven't seen genuine, effective political leadership in Australia since their time.
Chelsea L
Look no further than International Law.
Confusing right wing self righteousness with decency is you fuck tards biggest problem.
seeds
If you're looking for a deeper understanding of the current trends you've clearly misread, I'd highly recommend turning your attention to the work of the esteemed evolutionary behavioural scientist, Gad Saad, particularly his upcoming book, 'Suicidal Empathy'.
It might just provide the clarity you appear to need on these complex issues.
My clarity is just fine. Dipshit!
Thanks for the arvo laugh seeds
;)
Different topic but I just realised that ASX only returned 7.5% in 2024. That tells me everything about how shit the Australian economy truly is. And edit: AUD is a worthless piece of paper that will even get worse as interest rates start dropping. Not a great situation for a country that imports everything.
Yeah baby, let’s go. These are still peanuts but if the trend continues someone might actually take notice.
https://www.afr.com/markets/equity-markets/australians-pour-record-5b-in...
The "I can't believe it's not politics" thread.