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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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[–] No1@aussie.zone 4 points 5 months ago* (last edited 5 months ago)

No,no,no,no! You've all got it wrong! You're all looking at it from entirely the wrong objective!

It's a GREAT policy for property investors which will boost capital growth and provide excellent short term returns!