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You know you’ve failed to address intergenerational inequality when the Vampire Squid condemns your policy changes. Goldman:
The flagship policy of the Budget is tax reform in the housing sector – specifically, changes to reduce the favourable tax treatment of capital gains and to limit ‘negative gearing’.
The changes are intended to reduce the attractiveness of investing in established housing and improve housing affordability.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.