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submitted 5 months ago by zero_gravitas@aussie.zone to c/australia@aussie.zone

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NOTE: Video sponsored by the ACTU

Key points

It would make house prices increase by more than the maximum amount people could withdraw
It would cost the government $1 trillion in the long run
It would leave people with $200k less in retirement savings
It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal

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[–] alansuspect@aussie.zone 10 points 5 months ago (1 children)

I think politicians should be banned from owning multiple properties. It's a huge conflict of interest.

[–] kerr@aussie.zone 2 points 5 months ago

Absolutely. Great idea.