Concetta Fierravanti-Wells (NSW, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

Thank you, Senator Bilyk. Let me tell you about negative gearing. Let me tell you that if you are returned to government after the next federal election we will see a repetition of the six years of fiscal vandalism. Negative gearing will go, rents will go up, and, as I was saying, what will it be next? What will it be next?

Of course, we can always go back to the previous years when Labor were in government. Remember Paul Keating and double-digit inflation? Remember interest rates of 18 per cent on mortgages? Remember your huge government debt? Remember the recession we had to have? All that you ever know—it's the true adage: Margaret Thatcher said it: 'The problem with socialism is that you eventually run out of other people's money,' and that's what you are doing. You will run out of other people's— (Time expired)