Obviously this is a hypothetical, but considering if Latham became PM, do you think he could surprise us like Bob Carr did with extra tax etc. on investing?
Could the ALP intefere to help 1st home owners (for instance) and as an outcome affect property investing?
Have you thought about what might happen if this was the case and does anyone have any thoughts on how the political climate might affect or change the investing climate?G7
>>Latham has not put forward any sustainable policy that would not require massive tax increases somewhere along the line.<<
And property investors seem to be an easy mark at the moment. Recent actions lead me to believe that there may be an attempt to cool the property market via taxation rather than interest rates.
Bahamas looking good Advisor!
Financially we would be screwed (we as in the whole country not just property investors) if Latham got in. Labor fundamentally as originally the voice of the workforce had good policy. Unfortunately they turned it into a popularity contest (Hawke was popular but generally didn’t help many with policy).
In the past Labor governments whether they be state or federal fail in basic budgeting. currently you have Labor state governments receiving mammothly larger payments than in the past yet still cannot get it back into the +ves.
We will end up under Latham spending billions upon billions of dollars to changing from Federation to Republic with very little constitutional change, so why waste the resources doing it? Popularity contests….
So do we remain with a economically upbeat conservative government that is morally corrupt or a wishy-washy spurr of the moment Labor government that will put us well into debt again? Tough choice really, certainly wouldn’t want to completely waste my vote on Democrat or Greens considering ‘morally corrupt’ would be a nice thing to say about them these days [grrr]
Originally posted by sizzling_duck:Financially we would be screwed (we as in the whole country not just property investors) if Latham got in. Labor fundamentally as originally the voice of the workforce had good policy. Unfortunately they turned it into a popularity contest (Hawke was popular but generally didn’t help many with policy).
In the past Labor governments whether they be state or federal fail in basic budgeting. currently you have Labor state governments receiving mammothly larger payments than in the past yet still cannot get it back into the +ves.
We will end up under Latham spending billions upon billions of dollars to changing from Federation to Republic with very little constitutional change, so why waste the resources doing it? Popularity contests….
So do we remain with a economically upbeat conservative government that is morally corrupt or a wishy-washy spurr of the moment Labor government that will put us well into debt again? Tough choice really, certainly wouldn’t want to completely waste my vote on Democrat or Greens considering ‘morally corrupt’ would be a nice thing to say about them these days [grrr]
I totally agree, we are enjoying the lowest interest rates seen for many years, the economy is purring along nicely, unemployment is down, why would you want to vote against all this for an uncertain future with Latham, Garret etc.
FostonLife is a series of new beginnings
Didn’t Garrett do a backflip on Pine Gap???It looked more like a inverted two and a half somersault from the pike position to me with a full twist [lmao] How can the people look at any politician no matter how proud and honourable and think they will truly stick to their guns these days?
Apart from not voting for the last ten years, not being enrolled to vote and not even living in the area he is supposed to now represent, he stated that he supports ‘ALL’ the policies of the Labout Party. I was unaware that Latham even knew himself what those policies were as they seem to keep changing. Garret has been against Labour for years. I might have to move now!!!I’m sure he has been brainwashed by some evil organisation to throw the political process into chaos. It would be easy enough to blame it on ‘faction fighting’ if Labor do grab power….
Ultimately though I think property investing will gain nothing by Latham and Garrett getting into power. When the budget falls on its face, just like in NSW, they will turn to easy markets such as property investing to grab a buck…. then it will be a ‘tax we will have to have’.
Pity that we have such lousy choices…..
Is it going to be another term of the Devil you know, versus the devil we dont ???
Originally posted by Pelicaninvestments:Pity that we have such lousy choices…..
Is it going to be another term of the Devil you know, versus the devil we dont ???
It’s the devil you know for me[satan]
Life is a series of new beginnings
I totally agree, we are enjoying the lowest interest rates seen for many years, the economy is purring along nicely, unemployment is down, why would you want to vote against all this for an uncertain future with Latham, Garret etc.
FostonLife is a series of new beginnings Posted by FOSTON..
I was watching an American Investment Show and they described the current situation as “The Goldilocks Economy”..Not to Hot, Not to Cold, Not to Fast nor to Slow…Just right
Re: Peter Garrett..Maybe just Clever Marketing and a ‘talking point’ by Latham..keeps them in the news at the very least [wink2]
REDWING
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorWhen push comes to shove aussies can be conservative and resist change eg the last fed election post gst intro ( with added border protection issues)
What a good outcome could be in the short term is having an effective opposition to keep the incumbents (spelling) on there toes
This is starting to work well in NSW where the Carr gov is under the hammer at the moment and will have to lift it’s game to stay in power
Cheers
Geoff
“When you can walk on water…take the boat”
Re: Peter Garrett..Maybe just Clever Marketing and a ‘talking point’ by Latham..keeps them in the news at the very leastRedwing,
This has the feel of a slick production in action for several weeks/months. They timed it to try to weaken the recent coalition gains. It may have been brought ahead since Bush’s unplanned assault on Latham as well. They have to put so much planning into everything Latham does or says since his brain goes on automatic pilot at times while the mouth keeps going.
How much worse can it get under a labour Government????Rob,
Crean’s the treasurer right? I think that answers everything.
Originally posted by Pelicaninvestments:Pity that we have such lousy choices…..
Is it going to be another term of the Devil you know, versus the devil we dont ???
ha.. this Mark Latham is too much of socialist, if he gets into power.. this property game is over…
Cheers,
sishttps://www.propertyinvesting.com/forum/topic/8278.html?SearchTerms=ALP
Been done, but good time for renewal with an election soonish!Anyway heres my post on this matter:
===
Labour governments tend to have big social agendas that require large expenditure, which in turn means increase in taxes. An because the unions want to be seen doing something for their members this means this tax burden tends to be shifted on to entrepreneurs, business owners and investors (the people who create the jobs in the first place… but anyway along with the real debate – what will this mean to us!).I think I could confidentially say that a Labour Gov wouldn’t change current structures fundamentally. Saying that things like taxation would probably change, perhaps trusts wouldn’t get the 50% CGT discount, certain trust loopholes would be changed/closed (when Latham promises no CGT changes, he means for the everyday worker not us investors – it’s called politicians speak), perhaps larger payroll taxes.
He won’t have a lot of room to move however as many dollar commitments the Howard Gov have made is through contracts and these can’t be torn up (thanks to the courts!).
As for his $5 billion in government waste that would be used to fund some of its spending commitments, I think that is very much up in the air, and I know it won’t be used to reduce public service numbers, etc
He states that taxes won’t rise more than GDP, but that is assuming that there is still high growth rates… what if there isn’t????
All politicians lie, it’s kind of like a get out of jail card…. Saying that I would prefer a Howard Gov because I know nothing much is going to change for the entrepreneurs, business owners and investors. In fact I feel there is a higher chance our interests will be protected. With the Labour I don’t see any words to suggest Latham will protect us. Better to go with the Devil you know.
Anything Labour puts up we will get around, but it will increase costs and hassels along the way (and in the end they will just put up hidden taxes which cna be either passed on to the rent or worker, somehow).
As for Negative gearing being outlawed – I don’t think it will happen for quite a while, mainly because the state Gov’s are now relying on stamp duty more and more. Either the Federal Gov will have to increase there contriutions to the States or raise GST (which will mean increases to the States), I don’t beleive either will happen. When negative gearing does disappear – I will be prepared to jump on some fantastic deals!!!
===Everything seems not to of changed… Theres a massve surprise.
L0L @ Sizzle: “Crean’s the treasurer right? I think that answers everything.”
Rgds.
Lucifer_auTime to start packing your bags for the Bahamas.
Labor will win the election.
What will change? No much.
All that will happen is that we will have swapped one group of lawyers for another group of lawyers.
As for Peter Garrett, the last high profile recruit that came to the Labor Party was Cheryl Kernot…..and she was a real bonus!! (well at least for Gareth Evans)
James
Reds = high taxes = less freedom of choice = government wasting MY money = higher interest rates = higher inflation, etc etc.
Only a fool (or a Red) would vote for the Reds.
reds = communists = socialists = ALP
U9026a said:
“Only a fool (or a Red) would vote for the Reds.”
So vote for the Greens!! [biggrin]
kay henry
Greens!?!
I have green leanings myself, BUT…an examination of the Greens non enviroment related policy reveals them to be redder than the Reds.[baaa]
[comp]
All u red haters seem to be overlooking the fact that Howard said Latham is no good. Howard said some boat people chucked their kids off a boat about thirty seconds after he heard the story but it took him about a year to fess up that that was election campaigning rubbish. Then of course we illegally invaded another country because of non existent WMD’s and of course because they illegally invaded another country and we cant tolerate that kind of behaviour! Apparently it turns out that lying to us about WMD’s and abusing anyone who had the courage to say it was rubbish is okay because SADDAM HUSSGOTOIL isn’t a nice man. God I hope George W hasn’t met Peter Costello or they’ll be here next if that is the only justification for invasion. If uncle sam finds out we mine a bit of oil as well none of our investments will be safe. You never know it just might turn out that Howard is the kind of despot all us labour voters believe him to be and the ol US will rid the world of the tyrant. Anyway my original point was Latham could have no greater vote of approval than by Howard saying he is no good.
Cheers Deano
Originally posted by drhappy:[comp]
All u red haters seem to be overlooking the fact that Howard said Latham is no good. Howard said some boat people chucked their kids off a boat about thirty seconds after he heard the story but it took him about a year to fess up that that was election campaigning rubbish. Then of course we illegally invaded another country because of non existent WMD’s and of course because they illegally invaded another country and we cant tolerate that kind of behaviour! Apparently it turns out that lying to us about WMD’s and abusing anyone who had the courage to say it was rubbish is okay because SADDAM HUSSGOTOIL isn’t a nice man. God I hope George W hasn’t met Peter Costello or they’ll be here next if that is the only justification for invasion. If uncle sam finds out we mine a bit of oil as well none of our investments will be safe. You never know it just might turn out that Howard is the kind of despot all us labour voters believe him to be and the ol US will rid the world of the tyrant. Anyway my original point was Latham could have no greater vote of approval than by Howard saying he is no good.
Cheers Deano
Voting Green or Socialist Alliance Deano?
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