This is so sad. It is so easy to fix, yet the fake left mind virus is instead fatal:
Millions of Australians will miss out on home ownership as the nation heads towards a long period of slow growth in household incomes, forcing more people to fall back on the age pension to pay for shelter.
The trend will put growing pressure on the federal budget, as younger people struggle to get into the housing market, according to a new federal report that says income growth will halve over the next four decades.
…“The decline in home ownership is most significant for younger age groups,” the report says.
…Greens housing spokesman Max Chandler-Mather called on the government to abolish tax breaks for property investors so other buyers could get into the market, citing a costing by the Parliamentary Budget Office that negative gearing and capital gains tax concessions would sacrifice $157 billion in federal revenue over the next decade.
Chandler-Mather called for stricter rent controls and a mass building of public housing, as well as the end to negative gearing. “Those are three policy settings that existed in Australia for large parts of the 20th century after World War II,” he said. “And those were the policy settings that created high rates of home ownership and much lower levels of housing stress.”
None of these measures will make housing more affordable to rent or own:
- New Zealand scrapped negative gearing and it did nothing.
- Rent caps will deter investment and increase rents.
- There is no way Australia can build enough houses to keep pace with mass immigration. We don’t have the money, resources or brains.
Making matters worse, building accounts for 25% of Australia’s carbon emissions. We should be looking to reduce construction, not expand it.
There is a fix for all of it with the stroke of a pen. Cut immigration. Then rents, house prices, and carbon output will all fall. Not to mention preserving the hard environment.
There is no downside to cutting the intake to 70k per annum and reorienting towards refugees. It will boost Greens’ voter’s incomes, reduce their costs, give them homes and get Australia to net zero ten years earlier.
It will do absolutely no harm to the global effort against climate change, which is going to be managed via states, not some fantasy one-world government.
Nor is it unethical. 70k is still a large intake. Refugees deserve it a lot more than ersatz students.
Yet The Greens are infected with the fake left mind virus and want to boost the intake, rendering their voters homeless and planetless forever.
I am very sorry for young people duped by this phony party.
