Blogotariat

Oz Blog News Commentary

Articles from En Passant

What is negative gearing, and what is Labor proposing?

May 6, 2019 - 19:50 -- Admin

Negative gearing just means an investments ongoing deductible costs are greater than its income. In other words the investment is losing money.

Many types of property can be negatively geared. The most obvious example is a rental property. Let me use that as an example.

Say I borrow $1 million dollars to purchase a property in Sydney to rent out. I borrow the whole of that amount, as say an investment loan, to buy the property. It is an interest only loan.

Art and revolution – a poem

May 5, 2019 - 22:29 -- Admin

Can art fuel a revolution?

Are poems art?

Are words enough?

The lived experience

The falling value of labour

The precipice of profit

Before we fall off

Or rather it falls away

A landslide of lives lost

At what cost?

Not in dollars

But in our lives

And then the dollars, our dollars

Not yours

Food, kids, homes

Gone, all gone

Because?Profits are falling

Have fallen

Our prize – a poem

May 2, 2019 - 20:41 -- Admin

Our prize

I win no prizesNot even the packersI have some backersWho love live wordsThose words that catch the mindHalf formed, in front,Behind,

The display of everydayWritten in another languageNot babbling booksOr winter waterBut the past glanceThe calm that enhancesThe daily grind and finds

A secret mind, a placeOf peaceUnlike this worldOf war, coups, arms and racing to disasterMan made, and man madeAlways manOr women who have joined them

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