BREAKING NEWS
SMH Publishes Three Articles Praising Negative Gearing, Igniting Controversy
[Sydney, Australia] – In a surprise move, today’s edition of the Sydney Morning Herald features three opinion pieces extolling the virtues of negative gearing, a policy heavily criticized by economists and financial experts. The articles, penned by prominent columnists, have sparked widespread outrage and debate on social media.
The first article, titled "Negative Gearing: The Unsung Hero of Australian Real Estate" by Michael Shillito, argues that the policy has been instrumental in boosting the country’s property market. Shillito contends that negative gearing has enabled investors to take on risk and stimulate economic growth, ultimately benefiting the broader community.
The second piece, "Gearing Up for Success: How Negative Gearing is Revitalizing Australian Cities" by Janet Albrechtsen, focuses on the policy’s role in urban renewal and regeneration. Albrechtsen claims that negative gearing has encouraged investors to breathe new life into neglected neighborhoods, creating jobs and opportunities for local residents.
The third article, "Time to Reappraise Negative Gearing: Why the Policy is Still Crucial for Australia’s Future" by Paul Kelly, takes a more nuanced approach, acknowledging some of the policy’s limitations while arguing that it remains a vital tool for promoting economic growth and stability. Kelly contends that negative gearing has been unfairly maligned and that its benefits outweigh its drawbacks.
The publication of these articles has triggered a flurry of reactions on social media, with many readers expressing outrage and disappointment at the SMH’s decision to publish such a one-sided view of negative gearing.
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RELATED ARTICLES
- "Negative Gearing: The Dark Side of Australian Real Estate" [The Guardian]
- "The Great Negative Gearing Debate: A Guide to the Arguments" [ABC News]
- "The Impact of Negative Gearing on Australian Property Prices" [The Conversation]
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There's a news piece, an economist spruiking it and an op-ed.
Nothing of course to do with their ownership of Domain and one of their few remaining cash cows.
I wonder why they didn't bring Ross Gittins in for this one?
http://www.rossgittins.com/2024/02/why-fixing-negative-gearing-would-be.html?m=1
Independent. Always. Though.
And this is exactly why Labor are hesitant to even think about NG changes. The MSM go fucking rabid at even a suggestion that NG is being looked at.
Labor are disappointing in a lot of areas, but this isn’t one of them.