GForce

Gus, negative gearing does not magically create “tax-free wealth.” It allows investors to deduct genuine losses against income — the same principle businesses use across the entire economy. And most property investors in Australia are not billionaires. ATO data repeatedly shows the overwhelming majority own just 1 investment property and many are middle-income Australians trying to build long-term financial security. More importantly: when you punish investment, you reduce investment. That means: 📉 fewer rentals built 📉 less housing supply 📈 higher rents 📈 more pressure on first home buyers The wealthy usually survive tax changes because they already have established assets, trusts and sophisticated structures. The people who get hurt most are younger Australians trying to: 🏠 rentvest 📈 build ETF portfolios 💼 start small businesses 💰 accumulate modest long-term assets Australia does not have a shortage of envy politics. It has a shortage of housing supply, productivity and investment. Punishing aspiration will not solve that.

But they have never worked a day in the private sector; never started a business; built a new product or service; hired a single soul from their hip pocket; or struggled for years, always at risk of going under… What we are seeing is the lid being lifted on those who have always lived completely taxpayer-funded lives trying to take and tax as much as possible to feather the public sector nest. They have never known what it is like to draw a private wage and/or profit. They think it is a zero sum game: any private income, profit or capital gain needs to be redistributed back to government and its dependents. It is the only way they know how to make money: by taxing private citizens and corporations to fund the public oligarchy and its way of life…