Id really appreciate some honesty in regards to the housing debate. We all know the australian economy is held up by the housing bubble. Is the reason they wont change negative gearing because they wont get re-elected? So many people make so much money off the back of renters and tax payers. I feel even if they wanted to help they fear they wont get re elected and in that case they cant do anything. I say man up and represent your electorate and i think you would be surprised how much support (in votes, maybe not money) you will receive.

@wayneparkes1350

13 күн бұрын

The answer is obvious, they are not touching negative gearing because it would badly affect their chances of re election.

@higate_col

11 күн бұрын

Obviously, last time they tried they had incredible backlash. No point in loosing power over a policy that would be overturned within 3 years and become the primary election debate. The conversation is shifting, but the political support needs to shift further before Labor feels comfortable in putting forward negative gearing reform. Want someone to blame? I'd be looking square at Murdock media for creating so much panic on the topic.

@sonjakozman1699

9 күн бұрын

​@@higate_col when you realise both major parties have the same corporate donors, you realise why the public just so happens to lose out so frequently

@crackthesky9891

2 күн бұрын

There are ramifications for keeping and for removing negative gearing. May be we need to see several independent studies and them we can make an informed decision.

Im 58 and government is always talk, talk, talk to ensure votes. Everyone knows the truth that we live daily that the system is set for the wealthy not for the average aussie trying so hard to get into their first home. Too much money spent overseas rather than helping aussies first. Housing crisis has been decades spoken about as has issues with immigration. Talk is just that, talk and im sick of decade old issues still being discussed without change.

2.22 million landlords of which 54% are negatively geared claiming $166.5million in losses. 95% own 1 to 3 investment properties. Claiming an average loss of $5,000. The remainder of landlords make $9bn in rental income. Table 27 Taxation statistics 2019-20 (ATO). As various crossbench members report, Landlords are now costing the Federal Budget $175 billion every 4 years.

@DB-cv9yb

13 күн бұрын

Wow imagine how fewer rental properties there would be without this

@leonie563

13 күн бұрын

​@@DB-cv9ybit's not about the rentals landlords bribe us with to cream $175bn out of taxpayers. It's about getting back control of our housing market and making more taxpayers pay their marginal tax rates, not less than their renters are. We need structural superannuation reform and or bank reforms so superannuation is not counted as income or equity. That leaves the Primary Residence and that needs some thought.

@looke7619

13 күн бұрын

ALP brought changes to negative gearing and capital gains to 2 elections and they got rolled both times.

@bonghead6621

13 күн бұрын

@@DB-cv9yb Explain how negative gearing on pre existing properties helps housing supply.

@DB-cv9yb

13 күн бұрын

@@leonie563 so government causes these problems and you’re reaching for more government to solve them.. strange

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@CsokiBabi

12 күн бұрын

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@PatchettStalls

12 күн бұрын

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@rogercav40

12 күн бұрын

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@BanwarilalKumawat-ij6tp

12 күн бұрын

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@calissou

12 күн бұрын

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Poor Jim. He has no financial qualifications but has somehow managed to become an entire country’s treasurer. He literally isn’t qualified to do your tax return.

@sonjakozman1699

9 күн бұрын

Corruption, my friend It's a corporatocracy we live in.

@dylanrutter6677

8 күн бұрын

BAHAHAHAHAHAHAHAHAHAHA HAHA AHAHAHAHAHAHAHAHAHAHAHAHAHAHAH He's literally more qualified than anybody since Swann.

@sonjakozman1699

8 күн бұрын

@@dylanrutter6677 it's cute how you worship your corrupt overlords

I agree, investors on list of getting house no 14, when people cant get ONE house....that is greed....the ATO needs to rein in property investment tax the investor more, cap them buying investment homes and scale them on how many they can buy. 3 houses then tax them. Its not fair and this Government doesnt do anything about it !

@shrikartummala8055

12 күн бұрын

It's because politicians are the ones with multiple properties. So they don't want to do anything that disadvantages them.

@sonjakozman1699

9 күн бұрын

The government is doing something about it. Foreign investments regulations, insanely low monetary policy pre covid, tampering with the market, grants, and of course fiscal policy that favours investors. The government is doing plenty about it, we keep asking for them to intervene and heat up the market. They work for the donor class, not us, wake up. We don't need the government to keep intervening in a mess THEY MADE

I asked AI how housing in Australia can fixed this is what it said 1. National housing Policy Australian government should urgently create one. Smart spending rather than just throwing more money into housing 2. Setting boundaries Instead of building more housing only explore ways to retain current housing stock residential use. Too many businesses running from houses.. Setting limits on number of properties any one person can own will reduce inequality. 3. Tax reforms The federal government could reduce capital gains tax discount and abolish negative gearing. This will significantly benefit home ownership by favouring first time buyers over investors Finally the suggestion is to have more industries and businesses in regional areas and proper infrastructure because Australia is a vast land mass more cities is essential. Hence all government failures that got Australians into this mess.

housing is never going to be fix, as it means that house price would need to be lowered. no government going to let that happen

@williamcrossan9333

10 күн бұрын

Indeed, all governments seem to want to improve housing affordability, without having the prices of housing drop...

Im so disenfranchised by our Government, I cant even stand to have the conversation anymore. Im done.

@pacomarveeny9640

11 күн бұрын

@@InfinityIsland2203 USA has experienced significant inflation and recession since 2021… poverty in the US has gotten far worse also.

@ewtwetrwerwteet

10 күн бұрын

I totally agree. Clare o Neil. Julie Collins and Andrew Giles all want us living in tents. I am convinced they have shares in Rays Outdoors.

@sonjakozman1699

9 күн бұрын

They work for their donors, not us. We need to get corporate money out of politics

@keepitreal2902

8 күн бұрын

​@@sonjakozman1699Absolutely 💯 true

Some terrific questions for once! I often find QandA a bit ordinary. I think many want one heck of an explanation on this 1.2 million extra homes. In YEAR 1, net dwelling completions (builds minus demolitions) will barely exceed 140,000. 1.2 million over 5 years? Please. That's just not going to happen.

What about if wealthy migrants or foren investers are required to build new residents only.

@sonjakozman1699

9 күн бұрын

They already have programs like this. Ultimately the government lib or lab just do what their big corporate donors want.

It’s not good for a child to grow up without siblings. It really is a problem in later life when parents have passed away and not having any living family members for that child to have the benefits of aunts uncles and cousins

With every answer I become more certain I will not vote labor for the first time in my life next election

Build many more homes for the investors to scoop up and rent out to others that can hardly afford it and will never be able to build their own homes

I wish politicians will give us solutions going forward without giving us what their predecessors did. It gives me no confidence they have confidence in their policies other than using the past to justify the future.

How many investment properties does Chalmers have I wonder? .... and all the other politicians 🙄

@williamcrossan9333

12 күн бұрын

That's been debunked plenty of times. Only around 1.4% of homes don't have electricity or water usage. Many studies have been done on this. The 10% of houses empty on census night, doesn't make them unoccupied. I reckon almost every night of the week, 10% of homes have everyone out of the house.

13:40 👏 bravo young man!! We need men like this in government. See how they quickly they changed the topic to the power rebate? That young man hit the nail on the head! The host and treasurer got nervous there.

@raifefoster2626

13 күн бұрын

Cheers mate, definitely stung to see it swerved in that manner

@andrewbritton5984

13 күн бұрын

@@raifefoster2626I was interested in hearing Jim Chalmers flesh this out rather than parroting the “more supply” solution. Curious on your thoughts - what would happen to the existing rental supply if property investment was disincentivised? Of the 1.2mil Australians with negatively geared investment property, around 800k of them have a taxable income of less than $80k. While removing incentives like negative gearing would provide slight reprieve to prospective home buyers, it would decimate an already struggling rental market that’s seeing nationwide vacancy rates of sub-1%. The net result would be catastrophic…

@ibendover4817

11 күн бұрын

Man dodged questions for 1 hour like it was a superpower. This was the only good part of this entire waste of time interview. The only thing that would have made it better was if someone straight up asked him if his own investment properties are a conflict of interest when it comes to fixing the housing crisis sooner?

No one understands the dread and stress of living ruff until you experience it firsthand. Simply put, Australians no longer have the ability of a basic standard of living under their own means like previous generations enjoyed. All other concerns are mute and meaningless. Its time Australians forced those we elect to focus charity at home first.

@streetlight3860

13 күн бұрын

@@InfinityIsland2203 despite people do despite things and the Australian Government will know firsthand the will of despite people. We have children sleeping in tents of freeways tonight with little or no food for dinner. Parents will act and their action will be justified.

What about the estimated 1,000,000 empty homes we have, according to last census data?

@villasquad8712

13 күн бұрын

Throw property rights away and let those who own property have their property taken away.

@KK-mc9qw

12 күн бұрын

@@villasquad8712 If they are a corporation or foreign investor, seems reasonable to me.

@Salaryman_

11 күн бұрын

Yeah also we should not promote people storing wealth in houses, when we have a homeless crisis. Sell your property and buy stocks/bonds or start a business like an actual productive investor.

@villasquad8712

8 күн бұрын

@@Salaryman_ can you let us know where that exist anywhere in the world where property is not wealth ??

End the incentives for housing to be investments. Housing is homes and everyone has a right to a home. This country needs to make money through education, training, innovation, and business-building.

How is Australia not screaming from their rooftops to let the government release the economy for a recession we desperately need?? We cannot live in this ever-inflating economy for much longer and the only answer is a reset - a recession. If we keep going the way we’re going we are going to have a very very dark next few decades.

@ewtwetrwerwteet

13 күн бұрын

They're prepared to do anything to keep the ponzi scheme going. Inflation will continue to rip right through until 2030 the way they are going. Gold will quadrouple again it already has. Sad

@pacomarveeny9640

13 күн бұрын

@@InfinityIsland2203 I think so too.

@Xylos101

13 күн бұрын

We are in a recession which is why the government is pumping immigration to hold some semblance of growth

@pkd6369

13 күн бұрын

while ALBO -REGIONAL goes into his flying lieing circus with the new to be acomplace in his DEEDS

@dancepro67

12 күн бұрын

Recession? No thanks!

Chalmers is trying to gaslight us with his claim that only more houses will make them cheaper. I am shocked at his basic dishonesty about all of this. He is a flat-out liar.

@Huey972

12 күн бұрын

Houses won’t come down any serious amount in our lifetime

@rudolfivonhabsburgkingofth601

11 күн бұрын

It will, but if they keep inflating the demand through mass immigration, it won't mean all that much. In Japan, although they have their own problems, housing is incrediblly cheap because they have a falling population. I'm not saying that a dying population is good, but with all other things remaining constant, less demand will reduce the price.

@JamielDeAbrew

11 күн бұрын

@@Huey972Australia is a democracy. If over 50% of the population own property, of course values won’t go down.

@hexx1713

11 күн бұрын

In Britain they have had the same problems that we are now having, except they are much farther down the road than us, and I can see Aus making the same mistakes. Britain has had massive immigration intakes, they said/thought that this would increase the amount of taxes the government would receive (more people, more tax), and help with skill shortages, but the problem is that most of these immigrants have next to no education and skills and they have ended up on welfare payments, costing the British government and British taxpayers massive amounts of money. If Labor continues on the same trajectory, Australia will become a basket case just like Britain.

@williamcrossan9333

11 күн бұрын

He's right. However Australia doesn't have the productive capacity to match population growth. Around 80% of the population growth is actually due to immigration. Hence why prices rise! So, that leaves the only other logical solution. Trim population growth.

Remove incentive to own multiple homes. Get rid of negative gearing or we will vote greens.

@looke7619

13 күн бұрын

They tried. Twice.

@villasquad8712

13 күн бұрын

You understand there are many countries without negative gearing where property is valued much more than Australia??? Other wise point us to the utopia you want thanks

Why can’t qanda ever timestamp its questions on KZread?

@Robert-xs2mv

11 күн бұрын

Feel free to do so yourself. I am confident others would appreciate this. In fact on many forums I notice commenters do, even getting thanks and compliments from the original poster. After all producing a substantial post takes a lot of time and energy, and the last thing one might want to consider is producing timestamps!

Supply supply supply lalalalalalalalala!!! Its almost sickening

When that woman`s rent goes up by $130. a week, we the taxpayers have to meet that expense through rental assistance (which also incurs added public expense through the administration costs). The only winner once again is the investment property owner because he gets his rental demands funded by every taxpayer in this country. End the investment property game!

@williamcrossan9333

11 күн бұрын

Yes, this is something noticed, and I'm deeply uncomfortable with this.

The Labor ABC Don’t worry Jim you are in Labor territory with Q& A they will go easy on you

@suad01

12 күн бұрын

Absolutely. From the controlled pre vetted questions and softball questioning, its fairly obvious where the bias is

Why did he even show up? He's just repeating peoples questions back at them to eat up time and regurgitating the same rehearsed talking points instead of actually addressing concerns. This robotic appearance just hurt labor than do any good...at a time when people are looking to leaders for confidence.

The evil of tax is the same as the evil of interest on debt. It’s % based

What if their rich migrants who don’t need government assistance? They should be allowed in the country.. better for the economy and their not a burden on housing.

@suad01

13 күн бұрын

Rich migrants should stay in their own country. When they move, it depletes their nations national resources.

@karenpowell3800

12 күн бұрын

@@InfinityIsland2203 there’s plenty of homes already built that wealthy people can buy? Isn’t he talking about poor migrants who need community housing? How is their a housing shortage of expensive homes? There’s a crisis on housing cause people can’t afford homes, rent ect. People working as taxi drivers and underemployed or underpaid employed people live in commission housing. I walked past commission houses in Flemington and there’s heaps of parked taxis there’s, so it’s not just a bunch of lazy, drunk, junkies in commission homes it’s the working poor and or disabled or injured. There’s heaps of homes just no one can afford them. So let the rich people come and buy the houses. We don’t need no more poor people.

@karenpowell3800

12 күн бұрын

@@InfinityIsland2203 because they make money…. You don’t. You want tax cuts, they bring in $$$$. You want to increase profits… live within your means honey…

@karenpowell3800

12 күн бұрын

@@InfinityIsland2203 how is that embarrassing? This country is embarrassing.

@noramaddy4409

9 күн бұрын

Do remember the investment properties they collect and leave standing empty as long-term invests.

Yes rent has increased 20% over the last two years and is likely to rise again that much next year. What does a 10% rise in rental assistance mean for us? Not even the base pension has kept up with inflation and Is backdated by 6 month at least. How about making pensions a decent percentage of the median income or at least on par with the minimum wage. After 40/50 years of work that is the least pensioners deserve. It is a false believe most pensioners have million dollar retirement accounts, but reality says otherwise with the current average retirement account being about $140k.

Really ABC, you are such cowards when it comes to sticking up for Aussies

Word salads is all i got. Not sure he really answered any questions properly🤔

Here's a solution to the housing crisis. The Government should buy and develop land then sell parcels of land say 450sq for 50,000. From there buyers can buy a lot and build a house for under 500k. Lots should be limited to owner occupied, Gen Y or younger, Australian Citizens etc. This would allow our young adults to buy property while allowing them to afford to have a family etc. Right now you can hand out money and you can build more but what good is it when land alone is 500k plus and a completed home is 800k to more than 1 million. What good is building homes when people are competing with inverstors and immigrants? Do something that is specifically designed to shiftt wealth to younger Australians. From there people may actually start having families and will be more invested in the country.

@adamsmith8765

13 күн бұрын

@@InfinityIsland2203 there are plenty of places outside major cities. They're usually developed by developers who want to maximise profit. Maybe the government could start developing as well. The point is land prices are the big issue and land can be sold for a lot less but no developer is going to sell land that cheap.

@williamcrossan9333

12 күн бұрын

No reason for Gen Y or younger. That's flat out age discrimination. There's lots of older people without homes also.

@adamsmith8765

12 күн бұрын

@@williamcrossan9333 the youth are needed to have kids. Older folks had their chance. Often times a solution will leave people out. That's just how it is. 🤷

@FriendlyJim

10 күн бұрын

​@@adamsmith8765 I am a little confused. (I am Gen Z) You sound like you're someone who stands up for people's rights. But, at the same time you're discriminating against a large portion of the population. The absolute hypocrisy in the comments you've made is disgraceful. Why couldn't the same comment about how the solution will leave people out not be applied to our age group(s) by the same old people who have had their time? Age discrimination is a silent cancer in society. And guess what, we all get old some day. Get back on your bike. You can't just force people to conform to your ideas. This is a democracy.

@adamsmith8765

10 күн бұрын

@@FriendlyJim so then you would say anything that benefits aboriginals and aboriginals only is discrimination against those who are not aboriginal? As an Aboriginal i can access IBA and that gives me a significanttly lower interest rate than a non-aboriginal. It's the same thing; it's looking at weaknesses in our society and creating a path for them to move forward.

670 000 for a property lol. Sydney says hold my beer, where 1.67 million is the norm

@williamcrossan9333

12 күн бұрын

This is Woodridge. Mount Druitt equivalent. Having said that, plenty of homes going for over 1 mill in the druitt.

I turned it off a waste of time. He never really answered anything. Typical politician.

Look after Australians first. Australian jobs and houses for Australian people. Create a skilled workforce, train Australians that will support our economy not bleed it dry sending money overseas. Its a very simple solution and these politicians try to tell us its complicated to justify their incompetence. The Treasurer cant even count, 1.2M houses in 5 years for 2.5M in immigration, not for us Australians.

@Robert-xs2mv

11 күн бұрын

Howard made such comments 30 years ago. Whatever happened? I have seen statistics that Australia has an actually high level of building and construction workers per 1000, compared to other nations

@endofall903

11 күн бұрын

Our politicians have been too concerned with being liked internationally even though they are mostly despised nationally

This abc host is bias and out of touch how much is his wage all politicians should be made to see how hard it is on job seeker for seniors over 60

What is the purpose of asking the treasure on a foreign issue outside Australias control? Australians are concerned about their own issues at home, not what some entitled few think about what should and shouldnt be done in a place like Palestine.

There isnt enough assistance via crisis accomodation.

Jim is absolutely right here and it’s so annoying to see young Australians like myself who have no life experience try and tell him what the answer is. I’m young, I too want to buy a property, however, I know that landlords are essential because there are a lot of renters out there and abolishing negative gearing (even though it sounds nice) is not the answer. If we increase the supply the demand will naturally decrease and it will level out to pre-2014 times.

I like Jim Chalmers and he's better than the greedy coalition BUT something has to be done to reign in these greedy landlords and property investors who team up with real estate agents to push up rentals and purchase prices which completely crush the average person out of the market.

His comments on AUCKUS re-employment are utter rubbish

The idea that foreign students are taking up housing is hilarious to me. So many of them live 10 in a 2 bedroom apt in Sydney that noone could afford to live in otherwise.

Why would anyone wan’t to get tax down when it’s better to make earnings more. Less tax is less government revenue? Less human resource and or human capital production and less consumption expenditure! Unless the tax reductions don’t affect earnings? On both sides?

Perun - had an interesting subject the other day about submarines. The Future of the Submarine - Emerging Threats, Sensors & Transparent Oceans

What’s with her eyebrows ..A little Ronald McDonald maybe 🤭

Every time she starts with land acknowledgments, I roll my eyes. Give it back, or stfu. Give your indigenous peoples land and treaty. Don't give them words.

Have tax system that have less tax according to number of dependants in the family.

@williamcrossan9333

11 күн бұрын

The tax system already does this. FTB A and B. Perhaps not to the degree you would like of course.

Do the governments know how to fix the housing affordability and the ratio of unaffordable people and or personal that are not in houses?

SCRAP AUCKUS AND INCREASE JS ABOVE THE POVERTY LINE, you are a liar

His response on the Israeli government and Gaza is disgusting

so how old is this vastly Experienced Treasurer!

This nonsense of making people vulnerable through bad policies and then claiming you are strengthening your social services is infuriating. Go to China and learn how to provide opportunities for people not make them vulnerable.

Jim, you're no idiot. You know this country has never produced more than 80k new dwellings pa. Not in the nation's history have we ever acheived this level. and yet you have a 'policy' of 1.2 million homes in 5 years. You are lying to people who don't know the numbers...this has never been achieved when we habe had excess resources in construction, and now we have a skills shortage.

Listen up, people, you can't and won't fix the housing issues, period, that train left years and years ago.

The coaltion deliberately created an artificial scarcity in the housing market, and now we are living with the consequences, exacerbated by high interest rates, mental tax concessions causing people to over leverage, and unsustainable net migration. Australia is fast becoming an unequal two teir economy the likes of which has become the norm in Brazil, and Latin America more generally.

They “governments” must just be careful about creating more demand for housing by making housing too easily accessible to non skilled and or unskilled unqualified people and or personal makes the housing crises worse. Because it starts deferring to banking, education and finance but won’t plug in saving and or housing bonds, investment bonds until that job market job title salary binds to internal banking, however the immigration lawyers seem to be in the way requesting fees which then further refers to recruitment brands internationally and financial services providers pending recruitment services providers on that mixed directional channel pending period/waiting period/ applications periods/ research periods. Then there’s like a time delay and a 1 to many disbursed and or concentrated crowds aggregator.

What about the rich with many investments being able to Wrap these together and only pay tax on the nett amount after writing of losses. Why can’t I only pay taxes on the money I have left after paying for everything

Less financial pressure on couples will reduce dv

Governed by self important fools

Many countries have the capacity to invade Australia and there be sea we could about that. Our only hope is that the other nations stop the one that did tried to take Australia.

Can’t Australia build a new futuristic city rather than the cookie cutter type cities it have build copying from everywhere else. What about an Australian flavoured city the investors can buy there instead of the current city’s markets being overheated with investors.

What is a dud quantum computer investment?

He is so clearly out of touch with Australians, and he couldn't care less, politicians, especially professionals need outlawing, along with their parties

@Robert-xs2mv

11 күн бұрын

Why do we still have representatives politicians? We have the technology available to make our own input on policy issues for consideration. Yes that does mean taking some time out of our busy schedule to inform ourself and consider a decision.

If there, I’d ask Dr Chalmers how much is his tax cut worth and his pay rise in July ? Why do politicians deserve both when pensioners and jobseekers got nothing in comparison.

@roxannemetcalf628

13 күн бұрын

What about superannuation for disabled pensioners Jim? We all go into our elderly years with absolutely nothing, yet you all quote a mediocre retirement requires approximately $70K per year each. I do not know one disabled pensioner who has this or close to it. Why is the aged pension based on an archaic assumption that we all own our own home at the time of retirement? Isn’t that a bit unfair, as more and more that’s no longer true.

@Robert-xs2mv

11 күн бұрын

@@roxannemetcalf628indeed, many still owe huge amounts, and just sell, pocketing the equity. One be lucky to get a quarter of a million, a tidy sum perhaps but how long will that last on top of the basic pension, with any luck the earnings might support a decent portion of the rental cost. 40 years ago a quarter of million would buy one four houses. In 40 years from now the millions of retirement savings would buy as much as a quarter million buys today, half a house, if that.

Create a private network for children not the World Wide Web

Unbelievably disappointing effort by Jim. It seemed like he was tucking his tail for every answer. What a shame we put these cowards in seats of power! List of words he has been instructed to never say: 1. Negative Gearing 2. CGT 3. Netanyahu 4. Genocide 5. Renter's rights

@bign1667

13 күн бұрын

13:40 was my favourite part when the young man told the treasures it was a poor policy to just build more homes for the rich.

@quinnmach535

13 күн бұрын

It's been like this for way over almost over 15 years now, nothing new really

@leonie563

13 күн бұрын

Both major parties have signed Free Trade Agreements with 2 large continents with China and India. Within those FTAs is a section on Movement of Peoples. After digging around, there's all kind of visas hanging off them like medical tourism, business and State delegations promoting health & education. Really hope we don't see a scenario of bed block and ambulance ramping because our Hospitals are clogged with overseas "medical tourists". I found that really shocking that States could even contemplate that cash cow running the same Uni student models but waaaaay more serious if left to fester for domestic citizens parked on Elective Surgery waitlists or ambulance ramping. It should be an Election Issue.

Jim Chalmers completely ignoring the question about greedy foreign and domestic property investors capitalising on the capital gains tax and negative gearing because he and Albo and co own multiple properties themselves and don’t want to hurt their investments shows you how they are only looking after themselves

@theadventuresofzoomandbettie

12 күн бұрын

you seem to forget they took all those policies to the election with shorten and were absolutely smacked down by voters. They can't make change if they aren't in power. They tried putting big policies forward and the majority of the public decided morrison was the better option. They cannot bring the exact same policies to the table that have already been smacked down at an election. They have to make changes much slower than I would prefer to even get a chance on getting a second term.

I normally don't vote labour at the national level. But Jim Chalmers shows he's thoughtful, strategic, calm and collected in this QnA session. I would vote for him as PM. Sorry but Albanese and Dutton just don't get my vote at the moment for various reasons.

Houses are expensive

He knows how to talk. Not answering. Problem is that I think Australians are sick of this rhetoric. Please explain me why no tax reform to regulate property investment. He just said no..because no. Also so much talk about security and incestment. Little talk abouy peace. Again, when it comes to AUKUS is a 'yep, I respect you but so be it, already done'. This is specially outrageous given that AUKUS was never consulted with the constituents.

Vote Greens to change capital gains tax concessions and negative gearing. They’re not the ideal party, but at least they propose doing what’s necessary. Sure immigration has caused the latest spike in house prices/rent, however we would have arrived here eventually anyway because of labor/liberal housing policies.

@Ferwail

12 күн бұрын

@@InfinityIsland2203 you’re right. Liberals are even worse than labor though. There’s not much we can do 😤

@Ferwail

12 күн бұрын

@@InfinityIsland2203 You are right. Liberals are even worse than labor though, they did most of the damage.

@KK-mc9qw

12 күн бұрын

No, they support immigration at stupid levels. Labor, Liberals and Greens are all owned by the WEF. One Nation will be my vote to stop this BS. (I voted labor last time and gee, nothing changed. Status Quo continues)

@michellefilby

12 күн бұрын

@@InfinityIsland2203 💯

Jim is lying about immigration, with the AI revolution, the last thing we need is more people. Australian’s wealth is derived from exports not from building houses for new immigrants. He is shifting money from poor to rich and he knows it.

@ewtwetrwerwteet

13 күн бұрын

Exactly. They want us all in tents, I am convinced Julie Collins has shares in Rays Outdoors or something.

@mykTmrockss

13 күн бұрын

what percentage of Australian economy is derived from International students?

@_nezmo_

13 күн бұрын

and what about the immigrants who do the work that Australians think is below them. Or the skills that Australians just don't have or want to go to university for.

@windsurferCA55

12 күн бұрын

@@_nezmo_ Aussies will do it, they are just not paying enough, there is no skills shortage, just a wage shortage.

@_nezmo_

12 күн бұрын

@@windsurferCA55 not paid enough? I live in Perth and you wouldn’t know there’s a cost of living crisis here. There’s a housing crisis in WA because lots of eastern states people buying WA property and paying prices no one from WA would pay. It’s still affordable by east coast standards but it means there’s little to no housing for us who want to live in WA. The house prices are soaring. Imagine all those houses that would be left for locals if changes were made to negative gearing.

No one asked Jim why all Australian households are getting the $300 power rebate. Surely households with incomes of $200k + don't need the rebate. Lazy policy. Should be given to only those that need it. I do wonder if the stage three tax cuts are going to increase inflation. That is around ~$25,000,0000,000 extra in the economy to spend/save/reduce debt. I cannot see how ~$2,000,000,000 each month in the economy will not result in people spending more money. Watch out RBA. Might need to put up interest rates again. Stop giving away money Jim.

@robinedwards6322

13 күн бұрын

Means testing is expensive. The program might cost more to deliver less with means testing. The government plans to run a surplus in 2024-25, meaning the combination of tax and spending changes isn't inflationary

@marcoschena99

13 күн бұрын

@@robinedwards6322 I disagree. Link the rebate given to tax returns, call it something else, cost of living rebate, blah blah blah, If taxable income is less than $100k, give the rebate and if higher don't give the rebate. Easy. Let's watch this space around stage 3 tax cuts. I think people, especially those on lower incomes will simply spend their $150 per month in their pay packet, they will not go, let save it. My prediction now, is that inflation will increase again and will start being reported on in around September 2024. The RBA will need to give some serious thought to raising interest rates again towards the end of the year.

@marcoschena99

13 күн бұрын

@@InfinityIsland2203 Come on. Toilet paper is the same price for the low income and high income earners. Yes, Higher income earners spend more, that is because they have more. The $300 is not necessary for the high income earners. Waste of tax payers dollars.

@theadventuresofzoomandbettie

12 күн бұрын

@@marcoschena99 While I agree means testing makes it fairer - I'm fairly sure the fact is the cost that goes into the programs making sure that it's means tested, actually cost more than the savings that they would make by restricting who got the rebate. So in essence, not means testing is costing less.

@marcoschena99

12 күн бұрын

@@theadventuresofzoomandbettie I disagree, I could get a programmer to write code to do the means test for around $10k.

The Ukraine question was so stupid. $1 billion is not a lot of money to give to Ukraine. The Ukrainian people are literally fighting Russia so Australians and every other western countries people wont have to go and fight the orcs how stupid is that Question What a waste of time. The Ukrainian military is they’re literally heroes

@Blayzincaucasian

13 күн бұрын

We shouldn’t be giving anything to Ukraine at all, it’s none of our business

@shanthinibala858

13 күн бұрын

Maybe you should stop listening to the 'news' and brush up on your world history and knowledge. See who the aggressors are in this conflict? It is not Russia, but Ukraine and NATO, who have violated the Minsk Agreement again and again. Who is encroaching nearer and nearer to Russia and threatening that nation with nuclear annihilation? We are nearer to WW3 than we are really being told . Moreover when you give a measly increase for Rent Assistance to the Job Seekers and the fact is " "𝐍𝐞𝐚𝐫𝐥𝐲 𝐚 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐚 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝟏𝟎 𝐩𝐞𝐫 𝐜𝐞𝐧𝐭 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐨 𝐦𝐚𝐱𝐢𝐦𝐮𝐦 𝐫𝐚𝐭𝐞𝐬 𝐨𝐟 𝐂𝐨𝐦𝐦𝐨𝐧𝐰𝐞𝐚𝐥𝐭𝐡 𝐑𝐞𝐧𝐭 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐚𝐭 𝐚 𝐜𝐨𝐬𝐭 𝐨𝐟 $𝟏.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐨𝐯𝐞𝐫 𝐟𝐢𝐯𝐞 𝐲𝐞𝐚𝐫𝐬.", $𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐬 𝐚 𝐛𝐢𝐠 𝐚𝐦𝐨𝐮𝐧𝐭, 𝐰𝐡𝐢𝐜𝐡 𝐜𝐨𝐮𝐥𝐝 𝐛𝐞 𝐮𝐬𝐞𝐝 𝐚𝐭 𝐡𝐨𝐦𝐞! The money given to Ukraine seems to be poured into a 'black hole' without a bottom! At the end of the day, the Ukrainian people are being sent to the meat-grinder and soon they are going to sue for peace, only problem is that whether Russia would accept it or not is another question. Russia has stopped trusting Ukraine and the West. Don't get me wrong, I am not a Russophile, but I see both sides impartially. Today's new: ♦Ukraine Acknowledges War Will Conclude with Negotiations, Says Top Security Official-this came out today on MSN. ♦ 𝐒𝐢𝐧𝐜𝐞 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟐, 𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐡𝐚𝐬 𝐫𝐞𝐜𝐞𝐢𝐯𝐞𝐝 𝐚𝐛𝐨𝐮𝐭 $𝟐𝟕𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐚𝐢𝐝, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 $𝟕𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬, 𝐭𝐡𝐨𝐮𝐠𝐡 𝐢𝐭 𝐰𝐚𝐫𝐧𝐬 𝐨𝐟 𝐝𝐨𝐧𝐨𝐫 𝐟𝐚𝐭𝐢𝐠𝐮𝐞. 𝐅𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚𝐢𝐫 𝐬𝐭𝐫𝐢𝐤𝐞𝐬 𝐡𝐚𝐯𝐞 𝐢𝐧𝐟𝐥𝐢𝐜𝐭𝐞𝐝 𝐨𝐯𝐞𝐫 𝟑𝟎,𝟎𝟎𝟎 𝐜𝐢𝐯𝐢𝐥𝐢𝐚𝐧 𝐜𝐚𝐬𝐮𝐚𝐥𝐭𝐢𝐞𝐬, 𝐰𝐡𝐢𝐥𝐞 𝟑.𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐩𝐞𝐨𝐩𝐥𝐞 𝐚𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐥𝐥𝐲 𝐝𝐢𝐬𝐩𝐥𝐚𝐜𝐞𝐝, 𝐚𝐧𝐝 𝟔.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐡𝐚𝐯𝐞 𝐟𝐥𝐞𝐝 𝐔𝐤𝐫𝐚𝐢𝐧𝐞. 𝟏𝟒.𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐩𝐞𝐨𝐩𝐥𝐞 𝐧𝐞𝐞𝐝 𝐡𝐮𝐦𝐚𝐧𝐢𝐭𝐚𝐫𝐢𝐚𝐧 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞-𝐬𝐨𝐮𝐫𝐜𝐞 𝐂𝐅𝐑. All for nothing! Now Russia has gained some of what she gave to Ukraine around the 90's. Russia really doesn't want to take over Ukraine, for Ukraine before the war, was one of the poorest nations in Europe and the most corrupt. They found the satellite nations were weighing them down and cut them off in the 90's. Moreover you should brush up your history-Ukraine had belonged to Russia for a long time.

@thinkforyourself2662

12 күн бұрын

Try editing it 1 more time

@Robert-xs2mv

11 күн бұрын

Wow how delusional are you. Stop watching mainstream media and start watching independent news providers. Your understanding will 100% change 180 degrees, when you discover the mainstream narrative being exposed as blatant lies!

Jim Chalmers Prime Minister material

The kid is not the brightest spark more house means cheaper prices about the only thing I agree with Jim about its basic supply and demand It's sad to see what they teach in schools these days.

@_nezmo_

13 күн бұрын

more houses means the people/firms who already have multiple properties will snap them up because they have the money to do so. Imagine all the investment properties dumped into the market if they make changes to negative gearing to maybe 1 or 2 investment properties only... personally this is a faster way to increase supply than waiting for NEW houses and apartments to be built.

@ChristopherCraven

13 күн бұрын

Mate the kid made an excellent point, Either you own multiple investment properties and that's why you don't want to get rid of negative gearing and capital gains tax concessions, or you don't have investment properties, and are stupid enough to believe the rich people telling you you don't want to get rid of that.

@KK-mc9qw

12 күн бұрын

You are clearly a biased property investor who wants to buy more SUPPLY.

No question on why Chalmers heads overseas for a few weeks prior to each budget. I would like to think Australia's destiny is in Australian hands.

@crystalclear6661

13 күн бұрын

Yeah, he goes to America. Have you noticed we’re turning into America?

@leonie563

13 күн бұрын

We depend on overseas lines of credit. Until we start dealing with the obscene base erosion blowing up inside superannuation, income tax take and triple dipping in retirement we will continue being beholden to EU type policies as they lend us money to keep reimbursing landlords and seniors.

@jefftysoutube

12 күн бұрын

@@crystalclear6661Yes. The insipid left WEF America that even many Americans don't like.

@KK-mc9qw

12 күн бұрын

Labor, Liberals and Greens are owned by WEF. They cannot do anything that goes against WEF agenda.

@Robert-xs2mv

11 күн бұрын

@@crystalclear6661turning into? For all intents and purposes we already are a USA state! Remember Howard being labeled the USA sheriff of Asia?