Malcolm Turnbull warns homeowners absorb ‘a lot to fear’ from Labor. But the scary thing is the apparent problem with the treasurer’s grasp of basic economicsIf nothing else,the release of Labor’s negative gearing policy final week has seriously spooked the government.
Gone is any sense of a rational adult debate of ideas. It took the prime minister less than a week to flick the hyperbole switch and declare the ALP draw will be virtual Armageddon for the housing market. Malcolm Turnbull didn’t fairly suggest that the residential housing market would be wiped off the map à la the fate predicted for Whyalla under a carbon tax, but he went close.
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Source: theguardian.com