Opened the debate
Wilson argued that the government's taxation reforms lacked a mandate because they were not tested at the 2019 election, where similar proposals were rejected by voters. Wilson stated that 70 per cent of negatively geared property owners hold only one investment property, describing them as middle-income earners such as nurses and police officers rather than wealthy investors. Wilson claimed that negative gearing encourages private investment in rental housing, which helps alleviate pressure on public housing systems. Wilson warned that removing these concessions would deter essential workers from relocating to regional areas like Laverton and Kalgoorlie, where housing incentives are crucial. Additionally, he argued that changes to capital gains tax would disadvantage young savers by removing the 50 per cent discount on share investments.