NOTE: Video sponsored by the ACTU
Key points
- It would make house prices increase by more than the maximum amount people could withdraw
- It would cost the government $1 trillion in the long run
- It would leave people with $200k less in retirement savings
- It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
I think we need a video on why it would be a good idea, because I can’t think of one (at least for the general public). I mean it is a good idea from the perspective of people with multiple properties and mortgages even on their own home because it will keep prices high
Spud’s goal isn’t to make life better for the average Australian. All the listed negatives are positives for the LNP - make the rich richer, and the poor poorer. Luckily, he’s thick as shit and the average Australian can see what a terrible idea it is to spend your future.
No,no,no,no! You’ve all got it wrong! You’re all looking at it from entirely the wrong objective!
It’s a GREAT policy for property investors which will boost capital growth and provide excellent short term returns!
Oh wow I haven’t seen this dude in a good few years. He made the new south wales song about new south wales
What
