In light of reports the Albanese government may curb negative gearing and capital gains tax concessions, it’s worth reflecting on the problem we are trying to solve. This is especially true given negative gearing is among the most misunderstood features of our tax system. It is widely perceived as a tax rort that has blown up our housing market. The objective truth is it is nothing of the sort.

So what is the problem?

Negative gearing can be a gambleCredit: Simon Letch

In addition to taxing wages, governments also tax........

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