I wasn't saying that only rich people have properties and they are abusing the system - not at all - in fact, what i was saying is that negative gearing is just one of many ways that a lot of high wealth tax payers are excessively minimising their tax. I know it's not illegal, I'm a tax professional and deal with this every single day. It's my job to help such people minimise their tax but I can't help feeling that there is something morally wrong with the tax law. The truth is, a LOT of high income earners get a far greater tax benefit out of our extremely problematic tax system, than middle & low income earners. Negative gearing is not the cause and getting rid of it is not the solution.