The notion that negative gearing leads to an increased supply of rental dwellings is flawed: 92% of
investment is used to purchase existing dwellings, displacing previous owner-occupiers or tenants to
buy or rent elsewhere, respectively, resulting in little to no net increase in the rental stock. Negative
gearing is a poor investment strategy over the long term for investors pursuing capital gain rather
than rental income as housing prices have increased by an average of 2.4% annually from 1880 to
2011 in real terms (before 1996, housing had delivered a real return of only 0.7% annually). Negative
gearing for purposes of realizing capital gain, however, becomes a viable strategy during the boom
phase of a housing cycle as capital values are substantially appreciating. Contrary to claims that
quarantining negative gearing during 1985-87 caused a surge in rental prices, rents increased in only
some capital cities while stagnating or falling in others.[…]
It is recommended that, at a minimum, negative gearing be quarantined to the purchase of newly-
constructed dwellings, or preferably, be abolished. The Commonwealth Rent Assistance (CRA) scheme
is better targeted towards those who require help in the course of renting rather than subsidising
residential property market investors. Although the CRA could increase rents, it appears to be the
most straight-forward mechanism available to policymakers to aid tenants.
Katy's InTray
This is why I find the "attacking LGBTQ people is a vote loser," arguments no consolation. There are six good (i.e. bad) reasons why fascists do it, and winning votes is only one of them:
This report explores the connection between two escalating crises: the systematic targeting of LGBTQ communities and democratic backsliding worldwide.
It examines how the rhetorical, political, and physical attacks targeting the LGBTQ community are, in addition to a critical rights issue, a key tactic in the authoritarian playbook, cloaking themselves as culture war politics as usual.
[…]
It outlines six goals of LGBTQ scapegoating:
Stigmatize: By censoring discussions and depictions of marginalized groups, perpetrators further stigmatize them, reinforcing their status as scapegoats.
Mobilize a Base: Turning LGBTQ communities into a common enemy energizes and consolidates political support among certain factions.
Win Elections: Exploiting fears related to the scapegoat helps gain electoral support and secure victories in political contests.
Polarize: Manufacturing controversies along fault lines unifies authoritarian movements and sows divisions within a political opposition.
Distract: Inflaming fear, disgust, and anger at scapegoats diverts attention from critical issues, government failures, or unpopular policies.
Normalize Political Violence: Targeting LGBTQ individuals through intimidation, violence, and militia activities desensitizes the public to violence against this group and society at large.
Tell me about it …
A new Everybody’s Home report reveals that Australians on the lowest incomes are being priced out of renting in virtually every corner of the country, despite a rise in Centrelink payments and rent assistance.
The ‘Priced Out’ 2024 report shows people who primarily rely on Centrelink payments and the full-time minimum wage would be in severe rental stress across all capital cities and most regional areas.
The report applies Friday’s indexation increase to Centrelink payments and 10 percent rise to Commonwealth Rent Assistance (CRA) with indexation on top, with the findings underscoring the need for more social housing and for payments to reflect the cost of housing.
Key findings include:
- Single JobSeeker recipients are facing acute rental stress, and would have to spend all their income or more on unit rents in most capital cities and 10 regional areas
- Those relying on the Age Pension, Disability Support Pension or working full-time on the minimum wage would likely be in severe rental stress in almost every part of the country
- Based on capital city rents, people on the Age Pension and Disability Support Pension would be left with $8 a day after paying rent, while a person on the minimum wage would be left with a little over $25 a day. A person on JobSeeker would be left with $0 and have to find $122 on top of their income.
- The most unaffordable areas outside of the capital cities include the Gold Coast, Northern WA, Sunshine Coast, and Wollongong, where people primarily living on Centrelink payments, or the minimum wage would have to spend at least half their income on rent.
Any society must undertake economic activities, which are embedded within social systems, to generate the flow of goods and services to provide for the material means of life, including the provisioning of money. The economic ideology of money as a “neutral” medium of exchange obfuscates the sociopolitical nature of the monetary provisioning system. In contrast, we ground our analysis in the understanding of money as a social relation, and we apply the lens of social provisioning to the monetary system. This view makes clear that the monetary system is embedded within, and reinforces, existing hierarchies and power structures and evolves through processes of political contestation. First, our analysis traces how changes in the monetary system have shaped the institutional structures of early capitalism such that the monetary system was seemingly depoliticized. Second, we apply this historical analysis to generate a deeper understanding of current monetary contestations. We apply a discourse analysis of the European Union’s fiscal rules to reflect these debates. The monetary system as it has taken shape through the financial crisis of 2007–2008 and the COVID-19 pandemic has brought the political nature of money back into the public imaginary. Accordingly, we highlight the role and power of the state as guarantor of the functioning of the monetary system. A full acknowledgement of this governmental capacity could create renewed space for monetary contestations and democratization. Our analysis reveals that these are both necessary elements to ensure the financing and macroeconomic stability of a social-ecological transformation.
Using super for housing would make homes more expensive, hinder the home ownership aspirations of young Australians, reduce retirement incomes, and lead to a significant long-term cost to the Budget, a Corinna Economic Advisory report authored by Saul Eslake has found.
In an independent report, commissioned by the Super Members Council, Mr Eslake charts how a long list of demand-side Australian housing policies over several decades have simply made homes more expensive.
He warns super for a house would be the worst of all.
“We have 60 years of history, which unambiguously tells us, anything that allows Australians to pay more for housing than they otherwise could leads to more expensive housing and not more homeowners,” he said.
“Of all the demand-fuelling housing policies, the Coalition’s super for housing policy would be the biggest – it can only lead to higher prices.”
“If super for house was introduced, it would be one of the worst public policy decisions in the last six decades.”
Mr Eslake said the decline in home ownership rates could undermine a key assumption in Australia’s retirement system – that most retirees will own their own home – and noted the need to expand housing supply.
However, the Coalition’s ‘Super Home Buyer Scheme’ under which people would be allowed to withdraw up to 40% of their superannuation savings up to a maximum of $50,000, would likely hinder home ownership aspirations for younger Australians.
Using a nationwide online survey (N = 534), we investigate how individual-level characteristics and past actions are related to support of affordable housing at the neighborhood level. Several demographic characteristics, past actions, federal government trust, personal exposure, racism (symbolic racism scale), and affect (emotional connotation) are found to be significant predictors of support. We provide evidence for racism and affect being mediating factors acting in series to shape support of affordable housing. In addition to racism, individuals’ affect can potentially help explain the shift from support of hypothetical scenarios to opposition of real affordable housing development proposals and warrants continued study.
The use of cars in cities has many negative impacts, including pollution, noise and the use of space. Yet, detecting factors that reduce the use of cars is a serious challenge, particularly across different regions. Here, we model the use of various modes of transport in a city by aggregating Active mobility (A), Public Transport (B) and Cars (C), expressing the modal share of a city by its ABC triplet. Data for nearly 800 cities across 61 countries is used to model car use and its relationship with city size and income. Our findings suggest that with longer distances and the congestion experienced in large cities, Active mobility and journeys by Car are less frequent, but Public Transport is more prominent. Further, income is strongly related to the use of cars. Results show that a city with twice the income has 37% more journeys by Car. Yet, there are significant differences across regions. For cities in Asia, Public Transport contributes to a substantial share of their journeys. For cities in the US, Canada, Australia, and New Zealand, most of their mobility depends on Cars, regardless of city size. In Europe, there are vast heterogeneities in their modal share, from cities with mostly Active mobility (like Utrecht) to cities where Public Transport is crucial (like Paris or London) and cities where more than two out of three of their journeys are by Car (like Rome and Manchester).
There is an increasing demand for trans and gender diverse (TGD) health services worldwide. Given the unique and diverse healthcare needs of the TGD community, best practice TGD health services should be community-led. We aimed to understand the healthcare needs of a broad group of TGD Australians, how health professionals could better support TGD people, and gain an understanding of TGD-related research priorities. An anonymous online survey received 928 eligible responses from TGD Australian adults. This paper focuses on three questions out of that survey that allowed for free-text responses. The data were qualitatively coded, and overarching themes were identified for each question. Better training for healthcare professionals and more accessible transgender healthcare were the most commonly reported healthcare needs of participants. Findings highlight a pressing need for better training for healthcare professionals in transgender healthcare. In order to meet the demand for TGD health services, more gender services are needed, and in time, mainstreaming health services in primary care will likely improve accessibility. Evaluation of training strategies and further research into optimal models of TGD care are needed; however, until further data is available, views of the TGD community should guide research priorities and the TGD health service delivery.
The stated goal of many organizations in the field of artificial intelligence (AI) is to develop artificial general intelligence (AGI), an imagined system with more intelligence than anything we have ever seen. Without seriously questioning whether such a system can and should be built, researchers are working to create “safe AGI” that is “beneficial for all of humanity.” We argue that, unlike systems with specific applications which can be evaluated following standard engineering principles, undefined systems like “AGI” cannot be appropriately tested for safety. Why, then, is building AGI often framed as an unquestioned goal in the field of AI? In this paper, we argue that the normative framework that motivates much of this goal is rooted in the Anglo-American eugenics tradition of the twentieth century. As a result, many of the very same discriminatory attitudes that animated eugenicists in the past (e.g., racism, xenophobia, classism, ableism, and sexism) remain widespread within the movement to build AGI, resulting in systems that harm marginalized groups and centralize power, while using the language of “safety” and “benefiting humanity” to evade accountability. We conclude by urging researchers to work on defined tasks for which we can develop safety protocols, rather than attempting to build a presumably all-knowing system such as AGI.
The Special Rapporteur recommends that:
- New initiatives be developed in order to bridge the worlds of corporate and government finance, housing, planning and human rights;
- Strategies be developed to achieve target 11.1 of the Sustainable Development Goals and the New Urban Agenda include a full range of taxation, regulatory and planning measures;
- Trade and investment treaties recognize the paramountcy of human rights, including the right to housing;
- Business and human rights guidelines, on a priority basis, be developed specifically for financial actors operating in the housing system;
- States review all laws and policies related to foreclosure, indebtedness and housing, to ensure consistency with the right to adequate housing;
- States ensure that courts, tribunals and human rights institutions recognize and apply the paramountcy of human rights; and
- International, regional and national human rights bodies devote more attention to the issue of financialization, and clarify it for States.