Part 5/9:
A growing concern among observers is that some of the proposals being put forward are mere reboots of previous policies that were rejected by the electorate. In 2019, the Labor Party, under Bill Shorten’s leadership, floated aggressive plans to overhaul the taxation system, targeting negative gearing and capital gains tax reforms. The proposal aimed to restrict negative gearing to new homes, thereby making it less transferable—an idea ultimately met with fierce public resistance.