Edit: just looked it up. It appears to be when one invests in something that is a loss in the shortterm and writing those losses off as a tax cut. Then when the invested item appreciates in value, you sell it for more than you initially invested. That way your able to make a larger profit by ignoring whatever losses up-front you would have incurred.
Yes, just another example of our system being very favourable to owners and investors over those with less in the bank.
It could have been exemption from GST if you make less than a certain amount for example - boost those struggling not those already winning.
What does negative gearing mean?
Edit: just looked it up. It appears to be when one invests in something that is a loss in the shortterm and writing those losses off as a tax cut. Then when the invested item appreciates in value, you sell it for more than you initially invested. That way your able to make a larger profit by ignoring whatever losses up-front you would have incurred.
Yes, just another example of our system being very favourable to owners and investors over those with less in the bank. It could have been exemption from GST if you make less than a certain amount for example - boost those struggling not those already winning.