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Australia is at risk of "giving up on equity" if governments fail to reform housing and tax policies to improve the economic prospects of younger generations, according to Ross Garnaut, one of the country's most respected economists.
This is the best summary I could come up with:
Wealth will continue to concentrate.
Young people are fucked.
As long as 45% of our federal lawmakers are investment property owners WHAT THE FUCK DO WE EXPECT WILL HAPPEN ??
FFS they just need to stop eating avocado on toast! Then they will have a house
Avocado toast is the only thing worth more than a house, a spark of joy in a torrent of hellfire we call life in the modern age
Just wait until banks start offering Avocado Toast loans