Its sending up the rediculous hysterical reponse to the Labour NG & CG proposals to reduce the perverted incentives to invest in non productive investments.
When the over entitled and privileged property industry get an increasing share of existing wealth without creating new wealth via perverted tax laws that gives them a free hit that reduces economic efficiency through poor allocation of resourse, reduced actual wealth creation, lost government revenue, increased income inequality, and as is happening now national income decline.
As expected the bludger Rent-seekers are now violently trying to protect their RORTS and continue to foist the costs onto the community.
What a disgraceful performance by Steve Chiobo on Q & A last night re NG & CG proposals.
He is another one captured by the property industry as is SCOMO whose only only real job he has had was as a mouth piece for the Property Council of Australia outside of that, and he got a leg for that one he is nothing but a political apparatchik captured by vested interest groups
Watching this performance one can understand the vitriol on this forum
RNT Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
