Mangonnaise

@Inspect69449372 @SimonKennedyMP YES YOU DUMB FUCK. There was a time when the greatest country in history had an income tax rate of 92% - you should see what has happened to it since it was scrapped.

@Flumark @SimonKennedyMP So you think it’s fair that people who have put hours and tears and time away from family and heartache and a sense of achievement into a business and then get whacked a 47% tax?

Even communist China has lower CGT than Australia. We have the highest CGT in the world. How does this make sense?

Astounding. Without any tender, Jillian Segal quietly hands a plum, 6-figure ‘consultancy’ to Scott Morrison’s former head kicker Yaron Finkelstein…

Is Australia amongst the highest taxing countries in the OECD? Gemma Tognini says we are. The Australian's attack-dog columnist has been frothing at the mouth since Jim Chalmers released his budget, complaining that Labor’s policies will crush ambition and the drive to work hard (she is not an orphan of course). “Once the white-hot rage about this horrible, envious, lazy budget subsided I realised that the Canberra Bubble is more than just a throw away phrase,” wrote Gemma. “Only people with no experience of the real world, of personal risk, could come up with financial policy so offensive, so tinged with jealousy and so diminishing of anyone who has the audacity to show some aspiration.” Gemma followed up her angry op-ed with an equally incensed Instagram post in which she said that Australia is being hamstrung by one of the highest tax rates in the OECD. “The tax burden is huge!” she exclaimed. “Terrifyingly huge!” Gemma then encouraged her fans to do some research and find out what’s really going on. Educate yourself, she commanded. I took Gemma’s advice and went to the OECD site to check where Australia ranks, fully expecting to be as burdened as those Nordic folks who pay a toll each time they have a bonk (or so I've heard). I discovered that Australia is not near the top (Belgium, Germany and Austria rank the highest). We are not even near the middle (that would be Spain, Estonia and Lithuania). We are, in fact, near the bottom. Incredibly, we are three spots below the United States. The United freaking States! A place where healthcare will cost you a kidney. I double checked with the folks from The Australia Institute and they backed up what I had found out. “Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries,” said these most reputable of researchers. Gemma is right when she says that when it comes to tax there are better places to live and work than Australia. Amongst the countries sitting below us on the OECD table are Mexico and Israel. Sure, you’ll get taxed less but you will have to spend your savings on flak jackets and bodyguards. So follow Gemma’s advice and do your own research. You’d be nuts to trust a columnist in The Australian.

@MadsMelbourne Profits? Why sell it and if you do, the government gets 47% of the profit you made on the sale. So you invest 2 million into a business and sell it for ten million ten years later you pay 47% of $8 million. It would be much less due to the indexation provisions. You still win big

@Flumark Some benefit? I give multiple people a job and already pay company tax , payroll tax, super. What do I get for 10 years of hard work ?

You seriously can't hate this government enough! We are taxed to oblivion so they can waste money! Senate suite upgrades costing tax payers $1.3+ million per suite! Meanwhile more and more Australians can't even afford a roof over their head!

@MadsMelbourne It’s not income tax or Company tax. This CGT of 47% is the highest. It’s the magic sauce to make investment more involved and long term rather this day trading business flipping bullshit. Or if you want to keep doing it, the country can at least get some benefit from it.

@Flumark 47% tax on sale of a business is actually the hightesf CGT in the world

@andrewbogut Wasn’t this one of the sports rorts project pool administered by the local council? Ratepayers have to pay the difference, not taxpayers.

Case in point why raising taxes in Australia achieves nothing. $ 28million to $ 122 million. The wastage in Australia is beyond comprehension

@DianeDromgold @thatreviewplace @Sauronlordking @grok LOL, it’s the same growth rate as the income one. Not the dwelling prices. Nowhere near as steep. Also, maybe you should look at net immigration rates from 1960. The rate is very similar yet there was no exponential growth in dwellings price. But, I suspect you knew this.

@thatreviewplace @Flumark @Sauronlordking Great use of @grok

Why did Australia have to have a capital gains tax in the first place?

@DaveSharma All three countries have higher income tax rates and they kick in earlier. They don’t have mineral exports we have. This government has already delivered two surpluses and now we dealing with effects from the orange man. Take a hike Dave.

The interest on 🇦🇺 government debt is now higher than Portugal, Italy, Greece and Spain + the entire G7. Why? Out-of-control government spending and inflation. 🇦🇺 4.91% 🇵🇹 3.3% 🇮🇹 3.7% 🇬🇷 3.6% 🇪🇸 3.4% 🇺🇸 4.5% 🇬🇧 4.9% 🇫🇷 3.6% 🇩🇪 2.95% 🇨🇦 3.5% 🇯🇵 2.7% (10yr T-bond yield)

Ah of course Desi Freeman is the darling of the sovereign citizen community. He was a long time welfare recipient. The more extreme, the bigger the hypocrite.

@Freddy717263 @Kelly26552573 Ask the Real Estate lobby.

@Flumark @Kelly26552573 That would be so easy to fix so why wasn't it?

Australia has the lowest productivity in 80yrs. We know what’s going to happen. All the smart people and entrepreneurs will leave under these new tax laws and it will be left with dead wood. Unproductive people sucking off a socialist government.

I’m dead 💀💀🤣🤣🤣🇦🇺

@TheKnownLover Geez man, I need to get out more. 😂

That’s the Nepean River in Penrith

@craigkellyAFEE LOL, you ever heard of rabbit control programs? Aerial top dressing? Some of the biggest man made pine forests were made in the volcanic wastelands around Lake Taupo in New Zealand. A few trace elements were all that was needed for instance.

Remarkable Global Greening on the cliff surrounding Macquarie Lighthouse. NASA’s satellites have measured a 10% greening of the earth between 2000 and 2020, alone. The greening represents a net increase in leaves on plants and trees equivalent in area to twice the size of the Australian Continent. If you are a true Greeny, you should love CO2 just like the plants, trees and flowers do. As Professor Richard Lindzen has noted ……. "What historians will definitely wonder about in future centuries is how deeply flawed logic, obscured by shrewd and unrelenting propaganda, actually enabled a coalition of powerful special interests to convince nearly everyone in the world that CO2 from human industry was a dangerous, planet-destroying toxin" "It will be remembered as the greatest mass delusion in the history of the world - that CO2, the life of plants, was considered for a time to be a deadly poison."

@firstfusilier @AlboMP Why is this edited before the punchline?

According to @AlboMP, if you don’t own your own home at 40, it’s because you’re a failure. Just a thought though Prime Minister ……. it might be because they haven’t been sucking off the public teet their entire lives. Maybe they have to work for a living.

@GrumpyOLSoldier Liar.

So Power has risen by over $1000 since Labor took over and they are boasting about it possibly dropping by $100? and people believe this sh1t???? #$250 cheaper

BREAKING: Household power bills are set to fall across much of the east coast, with new figures showing electricity prices dropping by up to 10.7% for households and more than 20% for some small businesses. Under the latest Default Market Offer (DMO) from 1 July, benchmark prices are expected to fall across NSW, Queensland and parts of South Australia including reductions of up to $155 in Queensland and between $66 and $137 in NSW. The announcement comes as Australia’s main energy grids recorded more than 50% renewable generation for the first time late last year. Labor says the new DMO rules will better protect consumers and ensure households pay prices that more accurately reflect the real cost of supplying electricity. Not bad considering we were told renewables would make power more expensive.

@mattjcan Yes, centralize the power production in the hands of the few. Centralised government is the 90% foundation of communism. Stop being a communist dummy. Try diversity in power production and socialism instead of communism.

We need to build coal fired power stations again not blow them up.

@CaolanReports It’s not even summer yet.

What Ukraine is doing right now is working. I’ve been speaking to units recently and it seems the Russian southern front is in a dire situation. The main highway that supplies Kherson and Crimea has been totally cut. I’ve not seen it this bad for the Russians and it seems they literally have no way to stop this. Russian military bloggers are going nuts. Analysts have stated outright that logistics across Zaporizhzhia and Kherson oblasts are completely disrupted. Ukrainian drones are striking rail junctions, fuel trains and supply convoys on a daily basis. Crimea is already facing fuel shortages and restrictions on basic goods. The land corridor Moscow spent years building is falling apart under sustained pressure. In Oleshky, Enerhodar and other occupied towns near the front, Ukrainian drones have been constantly destroying Russian drone teams. I’ve been shown videos of this today’s These are the same units that turned the killing of civilians into an open sport known as the human safari. They hunted people at bus stops, in markets and in farm fields with FPV drones fitted with explosives. Now they are being taken out at scale. At the same time Ukrainian long-range systems are striking the very military facilities Russian state media once showed off with pride. Oil storage sites, command posts and radar stations in occupied Crimea and the rear areas are burning. This level of sustained damage to Russian rear infrastructure has not been seen since the beginning of the full-scale invasion. Inside Russia the panic is obvious and spreading . Military bloggers are openly discussing the risk of a major Ukrainian breakthrough, possibly through the dried-out basin of the Kakhovka reservoir where the terrain has changed dramatically. They are warning that if Ukrainian forces exploit the gaps created by the logistics collapse, Russian positions could unravel quickly. Reinforcements would have to be rushed in under constant drone attack, and the routes are already compromised. If Ukraine continues this tactic, it’s going to be the worst year on record for Russia. They literally have no way to stop this.

@Dan_Trend @Sauronlordking LOL, you don’t think wealthy foreigners came here for CGT discounts? Because you appear to be of the same group telling everyone of means will leave and go to another place. We’ll fuck off then.

@Flumark @Sauronlordking lol not this chart again 🤦‍♂️ The left doesn't understand correlation <> causation, no wonder they can't do policy. Interest rate decline feeds prices, at the same time our population grew faster than dwellings. Income is a flow, house prices are asset values -different drivers.