How does the welfare system work

[Trump]

Originally Posted by 2011G6E

Probably be summed up with one sentence:
"It's not a lifestyle choice, it's not there to support your choice not to work."

There's not an endless pool of money. It's got to come from those who do work.

Negative gearing is a good one...too many idiots saying it's "those rich ******" taking advantage of it.
Really?
I know quite a few people with units/houses which they own and rent out, some of them have a few houses. They do this purely for the tax advantages, nothing more...not for a charity, not out of some social need to provide homes for people...they do it for the tax breaks, full stop. And nearly every single one of them says the same thing every time a government talks about changing/doing away with negative gearing..."I'll just sell them all off and to hell with the hassle". That, or alternatively they say they might just stop renting it out and keep it vacant for themselves as a holiday home if it's an apartment or a small house in a popular coastal or city area.

Governments ought to be very very careful about changing negative gearing...the results would be a crash in house prices as thousands of homes suddenly came on the market, and people being thrown out on the streets because the landlord has stopped renting his house.

Go back to the old days of unemployment benefits...you only had so long to find a job, and if you ever were found to have turned down even one job offer of any sort, bang, no more benefits. You don't get to choose, you don't get to wait around for your dream job. You're living off hard working taxpayers money, and they demand that only lasts long enough to get you into some sort of employment, any sort.

The price of housing needs to come down substantially, a crash in prices would only be a bad thing if it is triggered by mass unemployment (and the consequential cessation of mortgage repayments).

If they did crash as a result of the removal of negative gearing, it would allow many former tenants to get in as owners.