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Neg gearing shares is widely considered speculative and the max you can borrow on BHP is 75% (approx) anyway, so the tax leakage from that source would be minimal.

Abolishing it would be a blunt instrument with even worse consequences now than when they last tried it. A little more subtle change would be to mandate lower LVRs. If they mandated 80% max the pressure on prices from investors would lessen (why is that bad for investors) and the leakage of...