Leading economist Ross Garnaut says life was much easier for young people when he was their age. Here's why
www.abc.net.au
Australia is at risk of "giving up on equity" if governments fail to reform housing and tax policies to improve the economic prospects of younger generations, according to Ross Garnaut, one of the country's most respected economists.
  • No1@aussie.zone
    17·
    6 months ago

    This is the best summary I could come up with:

    • Wealth will continue to concentrate.

    • Young people are fucked.

    As long as 45% of our federal lawmakers are investment property owners WHAT THE FUCK DO WE EXPECT WILL HAPPEN ??

  • Railison@aussie.zoneEnglish
    4·
    6 months ago

    Wait till enough people are mad enough to make destructive change inevitable. The tax concessions, rebates, concessions, discounts will be wound back. Just how hard that landing is will depend on how concentrated wealth will be.

  • Wanderer@lemm.ee
    2·
    6 months ago

    Decreasing the demand on housing and increasing the supply is all that’s needed.

    Australians make a lot of money it’s just all lost to housing.

  • IsThisAnAI@lemmy.world
    1·
    6 months ago

    No it’s not 🤣 More tech, less abuse, and gen z already is ahead of millennials and Gen x on home ownership and wealth.

    Edit: housing might not be true specially in Australia. Not sure y’all deal and the past few years.