Scott Morrison has gained the political fight he wanted by promising a housing policy that the superannuation industry, the union movement and Labor cannot abide.
Morrison knows how to run hard on a dramatic policy idea in the final stretch of an election contest because he did this with the First Home Loan Deposit Scheme during the 2019 campaign, promising a government guarantee over 15 per cent of a mortgage. Will it work? The benefits of the policy depend entirely on assumptions about property values, super fund balances and compound rates of return. Australians are certainly better off if they can own their own home in their retirement. The uncertainty in the policy is the cost of achieving that goal by shrinking their super fund nest eggs.The advantage for Morrison is that he is promising younger voters the freedom to choose what they want to do with their savings.
CroweDM This shows the kind of psycho we are dealing with. No empathy, don’t give a damn attitude. Exactly how many young Aussie in the 20-35 age group can withdraw $50000 from his/her super? Does he know? I would say less than 1%. What a conman this guy. Get rid of him
CroweDM Whether its Morrison V1 or V2 or V3 he is always, always always igniting a 'war' on something....
CroweDM Respected Economist Saul Eslake described the Coalition’s announcement as the title of WORST housing policy in the last 25 years.”
CroweDM Bit superficial CroweDM - what are the consequences of the proposal to erode the concept of quarantined retirement wealth for what could be short-term disaster - young in insecure work facing mortgage default with falling value and increasing interest rates?
CroweDM So ignited..
CroweDM who is writing his script.........strange stuff
CroweDM This is like the 3 little pigs. Some people out there sacrificed holidays, fun, working hard and working difficult jobs to save for a house while others didn't. Now, you just hand those slackers a way to home ownership which basically spits in the face of those who sacrificed
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Morrison ignites superannuation culture war in final stretchThe Prime Minister has gained the political fight he wanted by promising a housing policy that the superannuation industry, the union movement and Labor cannot abide. | David Crowe | OPINION auspol AusVotes2022 Thought bubble nothing more David Should have released the policy much earlier as well as campaign launch Smart move to get younger voters.
Source: theage - 🏆 8. / 77 Read more »
Federal election 2022: Scott Morrison releases superannuation policy ahead of Coalition campaign launchThe prime minister is in Brisbane ahead of the official launch, while Anthony Albanese is also in Queensland promoting Labor’s manufacturing plan. Follow all the latest updates Always tinkering at periphery, never anything new, no vision. This on behest of developer's Libby group. Who else is going to buy poorly built and poorly designed apartment towers? We must be voting on behalf on what other countries as other countries are doing worse than Australia 🇦🇺 so that justified his his BS, 9 years in government and its still previous governments that the cause of the problems. What is he being doing for 9 years
Source: GuardianAus - 🏆 1. / 98 Read more »
First home buyers could use superannuation under Coalition governmentFirst home buyers will be able to use their superannuation to get into the property market under a re-elected Coalition government, Scott Morrison has announced. srpeatling Sounds inflationary. (Oh, but housing doesn’t count to inflation🙄) srpeatling This will lift housing prices and lower the amount people have in superannuation for retirement Another bad idea from the Morrison Government LNPMassiveFail InsidersABC srpeatling
Source: smh - 🏆 6. / 80 Read more »
Morrison uses campaign launch to announce policy to allow first home buyers to use super to purchase propertyPrime Minister Scott Morrison uses the Liberal Party's campaign launch in Brisbane to announce a plan to allow first home buyers to use their superannuation to purchase a property. here are my naked photos Best way to save LNP deckchairs is to hide Scott Morrison He is a national and international embarrassment,we all deep inside know it Proven text videos hansard reveal lies after lies despite biased media lack of scrutiny May21 is AUSTRALIA'S INDEPENDENCE DAY to integrity We are completely missing moral and fiscal conservatives on the political scene today.
Source: abcnews - 🏆 5. / 83 Read more »
Paul Keating slams Coalition plan to allow first home buyers to dip into superannuationFirst home buyers will be able to use their superannuation to get into the property market under a re-elected Coalition government, Scott Morrison has announced. ... crazy idea , that will just push up prices of entry level properties . Economically irresponsible from the self confessed bulldozer… if it has taken him 9 years to just warm up to this policy, shows why we need a new govt “Historically bad economic managers propose another terrible economic policy” FTFY
Source: theage - 🏆 8. / 77 Read more »
What will the Coalition's super scheme do to the housing market? | 7NEWSThe Morrison Government's superannuation plan for first home buyers has drawn strong criticism from many economists.Subscribe to 7NEWS Australia for the late... I'm а nudе mоdеl, rаtе mу рhоtоs You mean self interested financial industry spivs. *vote bribery* plan
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »