this post was submitted on 02 Nov 2025
53 points (98.2% liked)
Australia
4611 readers
124 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
We take those Stage 3 tax cuts that the wealthy gobbled up (leave the ones for the lower earners) and use them to pay off the banks.
Then write legislation to prevent this shit happening again.
It’s a good idea to start with, but flooding banks with that much money will likely have a massive down-side (think post-COVID19 levels of inflation), and it would be difficult to determine the right amount for each house, given that prices would still be in flux/freefall.
My initial thoughts were about providing income tax deductions for losses on primary residence (eg. If your $900K townhouse in the ‘burbs devalues to $400K, you can claim the $500K over however many years it’s take you), as long as you continue to service your mortgage, after the initial refinance to determine eligibility.
But I’m sure a tonne of people would be able to immediately spot loopholes or other reasons why my idea wouldn’t work either.
It’s not actually all that easy, unfortunately - otherwise you’d think we’d already have had a politician put forward a proposal by now.