When it comes to negative gearing, this government prefers fiction to fact | Greg Jericho

It is a matter of concern that Malcolm Turnbull and Scott Morrison chose to ignore the reliable recommendations of the Treasury

• Home ownership will rise if negative gearing is scrapped, study says

What is it about negative gearing and its ability to make conservative governments espouse absurdities and to ignore advice?

This week came the news that before the 2016 election, Malcolm Turnbull and Scott Morrison were making claims about the impact of the Labor party’s negative gearing policy that directly contradicted advice from the Treasury. This was followed on Thursday by Fairfax revealing that the New South Wales government had ignored the advice of its own treasury department that negative gearing was pushing up house prices.

Continue reading…