Pursuant to the last post and the preceding four, I would like to draw attention to the increasing number of commentators agreeing with my position on the Rudd handout package in the cold grey light of dawn. Shaun Carney wrote in The Age on 22 October 2008 that "the first home owner's grant is a poor piece of policy. It was awful when the Howard government introduced it and it's just as bad now. It distorts prices and quickly benefits vendors and builders ahead of purchasers. And it has little to do with making home buying more equitable. The millionaire's son gets it just as easily as the son of the contract cleaner from St Albans., The problem with these sorts of payments — and the grant is now $21, 000 — is that the longer they remain on the books, the harder its gets for any government to ditch them."
Please follow the following link if you wish to read more: 'Handouts are no substitute for innovation to generate wealth'.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment