High-spending Labor Government is really into investment properties. By Rowan Dean in The Spectator.
The truth is the government is spending like a drunken sailor on everything, from rorting NDIS suppliers to the billionaire renewables grifters who are decimating the countryside and driving up our electricity bills.
Worse, as Robert Gottliebsen revealed in The Australian, and I quote: ‘The 2026 Budget shocked the nation with its $1 trillion debt forecasts. But it also concealed a second trillion dollars of government liability. The missing trillion in the budget is Australia’s greatest government financial concealment scandal…’ Which, as Gottliebsen explains, is the insane cost, much of it driven by the unions, Snowy 2.0, and all the ongoing renewables contracts.
The bottom line is…
The government has lost control of our money and so has decided it is way easier to just raise taxes. In essence, Labor is lying to cover its own recklessness and poor management and then thieving from property investors to cover its own economic and ideological stupidity. …
Most members of the Labor Cabinet have more than two investment properties:
According to the Australian:
‘At least 20 out of 23 members in the Labor Cabinet have declared they own more than two properties and will still be able to offset rental losses against their six-figure parliamentary incomes…’
Albanese, of course, has his infamous Copacabana beach house among other property investments. The article goes on.
‘Nearly 75 per cent of Albanese’s ministry of 41 MPs and Senators own more than one property, increasing the likelihood that they negatively gear their investments. Tony Burke owns the most properties in the Labor ministry with six properties under his belt, according to the latest Register of Interests, where parliamentarians are required to declare their real estate, shareholdings, and assets.’
Albanese’s own property portfolio is said to be being negatively geared while he lives rent-free at the Lodge and on the shores of Sydney Harbour at Kirribilli.
This is a government replete with grifters, liars, and hypocrites. …
Stopped learning at age 21:
The mask has well and truly slipped, and we now know this is a government of hard left socialists who have never escaped the mental confines of their hard left undergraduate and union backgrounds. They are fighting the class wars of the past. They don’t only hate Tories, they hate all the conservative values of aspiration, opportunity and individual success and enterprise.
As of now, only the most gullible and naive of Australians would believe that this government will not be introducing death taxes and taxing the family home in line with basic modern left-wing ideology.
All so predictable. The unpredictable part was that it took five years and over a million new immigrants before they dared move on tax.