ManlyBacker
Winging it
More garbage from me on the garbage presented to the Australian people. This has to be the worst election of pork barreling I have ever witnessed. In the most blatant effort to cling on to power Howard and team have shown that any form of fiscal responsibility has gone right out the window. Personally I find so little between the two main parties, but today I am going to say Johnnie has lost the plot.
This latest move includes tax free savings accounts for children from birth, tax deductable contributions from relies to this account, and Capital Gains Tax exemption to those parents and grandparents who chip in when the property is sold. This will only result in the children of the richest members of our society bidding for more million dollar + properties as the old folks attempt to rearrange their finances to capitalise on a totally stupid idea.
The $14,000 first home buyers grant did little to help as the prices were almost immediately inflated by that amount as each young couple attempted to outbid the next. Now we could have an 18+ year grace periods where mummy and daddy's investments can be arranged in the most tax effective way. This is about the lowest point I can remember.
This latest move includes tax free savings accounts for children from birth, tax deductable contributions from relies to this account, and Capital Gains Tax exemption to those parents and grandparents who chip in when the property is sold. This will only result in the children of the richest members of our society bidding for more million dollar + properties as the old folks attempt to rearrange their finances to capitalise on a totally stupid idea.
The $14,000 first home buyers grant did little to help as the prices were almost immediately inflated by that amount as each young couple attempted to outbid the next. Now we could have an 18+ year grace periods where mummy and daddy's investments can be arranged in the most tax effective way. This is about the lowest point I can remember.