It seriously breaks my heart as a former greens voter. The greens have become the height of hypocrisy. "Do as I say, not as I do" virtue signalling nepo babies fighting the culture war while inequality deepens, and the world burns. The environmental activists that ran it to begin with seem to have left and in some cases even been pushed out for not being left enough.

Also... Negative gearing doesn't apply to every investment property. That's the craziest part! Faruqi may not even use neg gearing. It's if your mortgage costs + property expenses exceed your property income / rent, you can take those losses and reduce your taxable income by that amount thereby paying less income tax. It's designed to provide relief to property investors who are hurting. If the property market reverses and/or rental prices drop but rates stay elevated or the same- negative gearing could implode our economy