notgold comments on RBA's decision on interest rates a choice between two evils: recession or inflation

[–] notgold@aussie.zone 5 points 6 months ago (4 children)

There should be an mutually tied tax for this. When the rate goes up for borrowers so does the tax on retirement savings. It's bullshit to hit the people with the most expenses only.

permalink

fedilink

source

hideshow 4 child comments

[–] hanrahan@slrpnk.net 1 point 6 months ago

ues, but that change won't come by voting ALP/LNP/ONP (the latter just hate ex-pats)

Until the Overton Window moves nothing much changes.

permalink

fedilink

source

parent

[–] zero_gravitas@aussie.zone [S] 1 point 6 months ago (1 child)

We could also not hit people with mortgages at all. In the US all mortgages are fixed-rate for the whole term of the loan.

permalink

fedilink

source

parent

hideshow 1 child comment

[–] hanrahan@slrpnk.net 2 points 6 months ago

sure, you'd need to socalise banking for that to occur, it's only because of US Government backed Freddie and Fannie offering that deal that commercial banks had to compete.

permalink

fedilink

source

parent

[–] YeahToast@aussie.zone 1 point 6 months ago

Probably doesn't need to just hit "retirement savings" but you could say savings as a whole. At least that way offset accounts wouldn't be negatively impacted.

permalink

fedilink

source

parent