Independent senators Jacqui Lambie and David Pocock are calling for changes to capital gains tax and negative gearing. Footage via AAP.
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00:00I think we have no choice. We have to hit tax reform and stop tinkering around the edges and
00:04putting band-aids on the goddamn thing. Have some courage. Show some courage because that's where
00:08your votes come from. It doesn't matter if you go and tell someone, sorry but you can't
00:12go and invest in two houses anymore, you can only invest in one. Okay, because there's 71.5% of
00:18Australians out there that only have that one investment house and good on them for investing
00:22in that. But seriously, if you are too scared about losing votes, then maybe it's time you
00:28showed some courage because people of Australia want to see that. That's where your votes come
00:32from. That's where your votes come from. Okay, that's how it works. They are alive to this. It
00:38is the 21st century. I mean I'm certainly hearing from people, everyone's talking cost of living,
00:45housing underpins that. The amount people are spending on their mortgage or on their rent
00:51and then you start to add in all these other issues. You look at family domestic violence,
00:55you talk to frontline services, they can't find accommodation for women who want to leave a
01:00violent relationship. So, so much of this comes back to housing. Is housing an investment vehicle?
01:06That's what we currently say it is in Australia.