Governments running and ruining your life
9th August 2023. The financial illiteracy of our youth is appalling. An indictment of an education system with priorities in the wrong direction. Any kid leaving high school without a knowledge of basic accounting, investment, tax etc are setting themselves up for failure. ‘ Debt is one person’s liability, but another person’s asset’.
3rd July 2023. Massive distortions in the property market in Australia have left thousands without adequate accommodation. The solutions probably are tied up with reduction in investor tax benefits, reduction in overseas investors in Australian Property, reduction in immigration, tax penalties for vacant properties, tax review of AirBnB, and a cap on rents. ‘Buy land – they are not making it anymore’
28th April 2003. I see Singapore is levying super taxes in the way of stamp duties to 60% to curb overseas buyers ( mainly Chinese) from distorting its property market. It is about time some politicians in OZ did the same so our young people have a place to live. ‘Landlords grow rich in their sleep’