The property industry has launched a campaign against Labor’s negative gearing policy. But who’s speaking for the 90% of people who don’t negatively gear?
The property industry had plenty of media space to set aside its view on negative gearing in the past week. It had no shortage of sympathetic headlines,either, such as “Investors to lose under negative gearing plan” or “Bill Shorten would recall an axe to housing investment”. And yet, and it seems to be losing ground in the public debate,as opinion polls reflect. Why else would it be launching a month-long advertising campaign? And this poses a serious test for Australian democracy. Does our system work in the public interest? Or is it ultimately hostage to vested interests adversely affected by any policy change? Continue reading...
Source: theguardian.com