The "Dirty" Economy Of Australia
Economics Explained
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The Tax System in Australia Is Set Up to Favor Property Investment
The tax system in australia is set up to favor property investment so heavily that it's basically dumb not to be an investor if you have a high income. The country made itself very wealthy by digging up dirt to sell over seas and giving its citizens tax breakes for buying more patches of dirt here at home. So far, it looks to have made every mistake in the book, every wrong turn from every country that relied too heavily on natural resources or encouraged too much pressure to be put on real estate markets. But yet here it is, seemingly unaffected by it all. i really do hope that this luck does not run out.
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