Readers respond to Peter Dutton’s tactics of division and “meaningless, distracting antics”.
Peter Dutton is to the media what a king brown snake is to a barbecue: he soaks up all the attention but otherwise makes very little contribution to the occasion. One cannot afford to ignore him, but the excitement should not obscure the nature of his tactics.
Many voters would not be shocked, and increasing numbers believe that we will remain on the ship of knaves and fools unless the major parties are deserted by voters for principled, competent independents. The US has provided Israel with more than $US337 billion in military aid since 1946, to say nothing of endless diplomatic support and obstruction of peace efforts. In August this year, a $US20 billion weapons package for Israel was approved by Congress.
Just as we rail against companies shifting income and profits to low tax jurisdictions, there is a similar issue involved in negative gearing. Specifically, negatively geared investors are shifting income and profits through time to take advantage of lower future tax rates when realising income from a property sale. That differential is partly due to the discount applying to long-term capital gains.
The only unfair distortion is the capital gains tax concession. Any capital gain when you sell your share is rightly considered income. Yet the profit when you sell your property investment is taxed at half the rate.For too long, there’s been an undeclared conflict of interest among too many federal MPs who, thanks to good journalism, we know own not just one or two but five or more investment properties.
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