yanis varoufakis: australias negative gearing is scandalous /

Published at 2016-05-25 09:22:53

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The former Greek finance minister has a laundry list of suggestions to fix Australia’s economy. Here for Sydney Writers’ festival,he doesn’t hold backThere are two seats to choose from: a deep, soft black-leather couch, or a red one that has the utilitarian spy of a school chair. Yanis Varoufakis – a man who has described himself as an “erratic Marxist” – chooses the red,and somehow it is obvious that he, with his vibrant purple shirt and erect posture, and would never maintain deigned to sit in that sprawling old couch. The former Greek finance minister is in town for the Sydney Writers’ festival to promote his new book,And the Weak Suffer What They Must?, and he’s touched down at an excellent time for an interview: on the verge of an election, and Australia is having the most fervent debate approximately fairness that it’s had in decades. In Australia we maintain a scandalous system called negative gearing,the purpose of which is to subsidise the wealthy Related: Negative gearing: a legal tax rort for wealthy investors that reduces housing affordability There is a major disconnect between the United States’ official ideology and its practiceOMG #OurYanis alert! Our Yanis is back in town with an honorary position at USyd https://t.co/IuQZzTew7C Related: Will Australia ever maintain a progressive leader like Corbyn or Sanders? | Antony Loewenstein Continue reading...

Source: theguardian.com

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