Okay here are a few views:
(If any others come in late I will link them as well.)
I agree with all three and like ross Gittins am pleasantly surprised by the budget.
A couple of points.
- It is about time someone di something about CGT and negative gearing ever since howard and costello gave first home buyers the middle finger. The benefits are highly skewed towards very high income earners See
- A lot of people are missing the productivity improvements. they are somewhat nebulous as the programs have few figures etc but they are substantive.
- The structural deficit improves which means there is mild contraction in fiscal policy and overall a deficit of only 1% of GDP is small just ask the yanks.
- The improvement in fiscal policy relies a lot on NDIS cutbacks. Will the pollies have the backbone for it. however the improvements are more long term rather than short or even medium term
I laughed at Mark Bouris's reaction. Can someone ask him how many negatively eared properties he has please. It is a lot!!!
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