This makes them dangerous as economic managers. For example overinvestment in retail residential gives us dangerous rates of foriegn-held private debt, which weakens our economy and drags down our credit rating. There's a comensurately low level of productive investment.

Increased income inequality means our economy is more sluggish at recovering from downturns (I'm not sure what alchemy produces that, but it's a known phenomenon throughout the OECD).

The fact they're just randomly fiddling with the tax settings to achieve these tunnel-vision goals around landlords, is scary.

[–] deadbeef79000 4 points 8 months ago (1 children)

They don't care. They line their own pockets and their cronies'.

It's about making the economy better for the clique not for everyone.

[–] liv 3 points 8 months ago* (last edited 8 months ago)

Temporarily better. This is the action of a parasite that weakens /kills its host, in terms of actually having a functioning economy.