For those outside of Australia (or economically illiterate in Australia), negative gearing is a tax scheme whereby the Federal government pays people who speculate on property money, thereby making property prices more expensive and collecting less tax revenue. This is done under the guise of “encouraging investing”, even though there is no investment done at all since nothing new is produced at all, in particular no new properties are built as a result. Given the absurdity of this notion you would think it’d be the first thing any reasonable government would cut from the budget, but not when vested interests and corruption are in play.
The second debate was extremely repetetive, and I was really looking forward to the foreign policies, but they just couldn’t keep it out of domestic affairs. Nevertheless, even when they did get to FA, they did not cover a lot of important issues, like oh say I don’t know, the Eurozone crisis, Latin America’s drug wars, island disputes between Japan, South Korea and China and a host of other issues.
Indeed, this is the world according to Obomney.
We all know how bad things are in the UK right now, I’ll update this in a day with some stories.
Previously using an over 4 year old version of Drupal, I have finally done away with it and installed a fresh version of WordPress. I’ve imported all the old posts, but everything else (ie. comments, 99.99% of which were spam) didn’t make the switch, which is fine. Moving forward, I hope that legitimate users will be able to comment and spam will be blocked, as opposed to the old situation whereby legitimate users were met with fatal PHP errors and spambots somehow got through every anti-spam plugin I had installed…as well as non-functional comment functionality.
Without further delay, let us continue with pseudo-intellectual humour and news.
Apple puts chips in their products which stop you from buying cheap cables. That’s about all you need to know about Apple.
On gizmodo today, proof – if proof was needed that anti “piracy” measures make no sense.
19/20 cabinet-level agencies violate federal transparency laws – pretty damn damning.