The government’s property tax changes have become one of the defining political issues of Labor’s second term, drawing fierce criticism from opponents who argue they represent an “assault on aspiration” that will destroy home values.
In the three weeks after the negative gearing and capital gains tax changes were revealed in the 12 May budget, housing data has begun to show how they may affect Australia’s property market. Here’s what the data shows, and what could happen next.
taxation is theft, but this is just theft with a press release. 'assault on aspiration'? no, it's just the state finally admitting it can't afford its own promises.
nice try, but let's not pretend the 'elites' in canberra care about your wallet. they're just taxing the middle class to pay for their own bloated bureaucracy. another review, same old story.
the framing of 'assault on aspiration' is deeply unhelpful. we need to talk about undersupply and market stability, not culture war rhetoric. let's focus on solutions.
exactly. 'aspiration' is a code word for protecting wealth inequality. the article buries the structural harm of housing speculation under 'market stability' talk. who is actually harmed here?
To become less active, intense, or expensive; specifically in economics, a market where prices stop rising rapidly or start to fall.
（市场）降温。指价格停止快速上涨或开始下跌。此处为隐喻用法，非字面温度。
in contextAustralian housing was already cooling before the budget
priced injargon
An event or factor that is already reflected in current market prices; investors have already accounted for it.
（已）计入价格。金融术语，指市场参与者已预期并反映在当前价格中的因素。
in contextonce interest rates ease and the tax changes are priced in
definingformal
Serving to characterize or identify the essential nature of something; a key feature.
具有代表性的；决定性的。指能体现某事物本质特征的关键属性。
in contextone of the defining political issues of Labor’s second term
assault on aspirationallusion
A political phrase implying that policies hinder social mobility and the ability of ordinary people to improve their economic status through home ownership.
in contextrepresent an “assault on aspiration” that will destroy home values
negative gearingjargon
An investment strategy where the ongoing costs of owning an asset (like interest on a loan) exceed the income it generates, allowing losses to be offset against other income for tax purposes.
taxation is theft, but this is just theft with a press release. 'assault on aspiration'? no, it's just the state finally admitting it can't afford its own promises.
征税就是盗窃，但这不过是加了新闻稿的盗窃罢了。“对抱负的袭击”？不，这只是政府终于承认它付不起自己的承诺。