0xjacko

@cjoye Elephant in the room. Capturing a fair share of the natural resources sold from Australia to fuel Asia and the rest of the world. $billions of wealth & tax revenue lost for decades

While doubling capital gains tax to levels that are multiples the CGT paid in other countries to make Australia the worst place in the world to set up a business that employs loads of people who also participate in the profits of that business - the single most productivity destroying policy you could imagine. And we are raising all these taxes that you promised not to touch 12mths ago because government has a horrific addiction to spending and wasting taxpayers’ hard-earned cash - if we cut your spending back to 2007 levels, slashed the NDIS, and sold the NBN, we could radically reduce taxes…

The @abcnews is running propaganda for Albanese’s tax grab, it’s not reporting! Yes, older, wealthier Australians benefit most from the CGT discount. That’s not a bug, it’s the entire point. They took the risks, built businesses, bought properties, worked decades, and reinvested instead of blowing it all. Now @ausgov and their state media arm want to punish success to fund more spending, more migrants, and more “equity” for people who haven’t done the same. This isn’t about “the rich paying their fair share.” It’s envy dressed as policy. Halving the discount (or worse) will: • Hammer retirees relying on asset sales for super top-ups. • Discourage investment in housing and shares exactly when Australia needs more of both. • Drive capital and people overseas. We all know that smart money doesn’t stick around for retrospective punishment. • Hurt the next generation most: fewer jobs, slower wage growth, and even harder-to-buy homes because supply stays choked. You can’t tax your way to prosperity. Every time governments “soak the rich” like this, the middle class and aspirational get soaked next. The ABC knows it. @AlboMP and @JEChalmers knows it. They’re hoping you’re too dumb or distracted by the class warfare graphics to notice they’re breaking another election promise while killing the golden goose. Australians built this country by keeping more of what they earn, not by having Canberra take a bigger cut every time someone succeeds. Stop the spin.

‘Blindsided’: Start-up anger grows over CGT changes afr.com/technology/bli… The government’s proposed massive doubling of capital gains tax will be a disaster for Australian innovation and venture. Tech founders and investors will leave Australia in droves. With the Aconex sale to Oracle for $1.6b, around $400m in tax was paid in Australia by the shareholders of Aconex. If I were paying double the current capital gains tax, I for one, would have stayed in Silicon Valley, rather than coming back to Australia to list Aconex on the ASX. On the sale to Oracle, I would have paid all my capital gains tax in the US, not Australia. Overtaxing capital gains in venture capital will simple force founders, entrepreneurs, execs and investors to leave Australia for lower tax countries such as the US. The whole country loses, with less investment, less innovation, less jobs, less wealth creation and ultimately less tax paid in Australia. This is what you get when you have a treasurer (and nearly 100% of the government) that has never taken the risk to start a company, or been anywhere near business in their life.

@ZjubNZ Natural resources. LNG exports. Things dug out of the ground

If this is about indexation, then the complaint here seems to be that one way of "building wealth" should be taxed more lightly than others. Government revenue has to be raised somehow. Is it really punitive to ask people to contribute equally from their real income?

Society was built to make money. Indifferent to your health and sanity. For example, we did not evolve to: + sit 10 hours a day + have our attention fractured 300 times daily + compare ourselves to millions of others + travel 9 time zones in 13 hours + tolerate sounds above 85 dB causing hearing loss + outsmart algorithms hijacking our reward system + breathe fine particulate air pollution + live under 16+ hrs of artificial light a day + have 3 courses of antibiotics before age 2 + eat ultra-processed foods for 60% of daily calories + consume 17 teaspoons of added sugar a day So if you're feeling down in the dumps, maybe fatigued, a little or a lot depressed, anxious, that's why.

Jensen is one the smartest and most far seeing folks the world. "If an AI scientist warns people that AI is going to permeate across radiology and radiologists are going to get wiped out, it might seem helpful but it's hurtful. If we convince everybody not to be radiologists and we now need radiologists, that actually is hurtful to society. "It is hurtful to convince all the young college graduates not to study software engineering because we are going to need more software engineers than ever. That's hurtful." "Scaring people with nonsensical things, which are not going to happen, that this is an existential threat, there's a 20% chance that is is existential, that's ridiculous. "That it's going to wipe out 50% of college level jobs. "That is it going to completely destroy democracy. "These kinds of comments are not helpful. They are made by...CEOS. And you become a CEO, maybe you adopt a God complex and somehow you know everything." Brutal. And right.

Demand change not apologetic for Australia's decisions to now. Who financially backs and setup this institution you linked in your argument > Easy Asia Forum from ANU ? Historical/seed support (around launch in 2006–2007) included contributions from the Japanese Ministry of Finance and AusAID (Australian aid agency). en.wikipedia.org/wiki/East_Asia…

@jacko_eth @DavidShoebridge "Fuel leverage works both ways." "we supply 40% of all of Japan's total LNG imports." And they can easily choose to buy it form other countries. eastasiaforum.org/2025/07/20/jap… (Which Australia could be doing). Didn't do and isn't doing. smh.com.au/opinion/how-au… Nobody's fault but ours.

Utterly shameful failure to meet the moment from Labor - it's not populist it's popular and he's listening to his mining mates instead of the people.

Fuel leverage works both ways. In fact we are selling our Australian LNG so cheap to them that they are generating an estimated A$11-14 billion in revenue, and a huge profit of over > A$1 billion a year in recent years. Japan still consume a massive volume of gas domestically for power generation and industry, over 60% of imported LNG is used for this (it has almost no domestic gas - we supply 40% of all of Japan's total LNG imports. Fact checking your regurgitated comment, Japan currently ships ~40% of LNG imported from Australia to Taiwan, South Korea positioning Japan as an Asian gas trader. (Which Australia could be doing).

@jacko_eth @DavidShoebridge Japan sells most of the gas it gets from us, so they're not as reliant on our gas as we are on their fuel. A large agri and mining country like ours stops and starves without diesel. You think its worth the risk or better to wait until the crisis is over? Have a wild guess.

@StaniKulechov Is there any ETA on resuming ethereum mainnet market ?

DeFi United has been the largest DAO coordination I've been ever involved, at least 6 different DAOs with governance proposals (Arbitrum, Aave, EtherFi, Lido, Compound and Mantle). DAOs and coordination sometimes are seen as low velocity, however, when the communities need to step in things are actually moving at high velocity. Kudos for everyone who helped and participated.

@MrFluffybo44om @DavidShoebridge Only one way to find out!! Of course pointing this out via diplomacy is the best course of action. Strong nations know this and put their own citizens best interests first.

@jacko_eth @DavidShoebridge in other words you want to start a trade war with our neighbours during a fuel crisis. Could be, we need their diesel more than they need our gas.

@DavidShoebridge Only one way to find out!! Of course pointing this out via diplomacy is the best course of action. Strong nations know this and put their own citizens best interests first.

@DavidShoebridge What a cop out weak excuse, Asian trading partners rely on gas exports from Aus, fair trade for refined fuels. If they don't sell it we can block gas exports they need for energy & electricity

Elon Musk avait dit un truc qui m'avait marqué sur l'allocation de ressources. En substance : passé un certain niveau de richesse, l'argent n'est plus de la consommation, c'est de l'allocation de capital. Cette phrase change tout. L'économie, dans le fond, c'est juste un problème d'allocation. Tu as des ressources finies et des usages infinis. Qui décide où va quoi ? Imagine une cour de récré. 100 enfants, des paquets de cartes Pokémon distribués au hasard. Tu laisses faire. Très vite, un ordre émerge. Les bons joueurs accumulent les cartes rares, les collectionneurs trient, les négociateurs trouvent des deals. Personne n'a planifié. Et pourtant chaque carte finit dans les mains de celui qui en tire le plus de valeur. Le système maximise le bonheur total de la cour. C'est ça, la main invisible. Maintenant fais entrer la maîtresse. Elle trouve ça injuste. Léo a 50 cartes, Tom en a 3. Elle confisque, redistribue, impose l'égalité. Trois effets immédiats. Les bons joueurs arrêtent de jouer, à quoi bon. Les mauvais n'ont plus de raison de progresser, ils auront leur part. Les échanges s'effondrent. La cour est égale, et morte. Elle a maximisé l'égalité, elle a détruit le bonheur. Le problème de la maîtresse, c'est qu'elle ne peut pas avoir l'information que la cour avait collectivement. C'est le problème du calcul économique de Mises, formulé en 1920. L'URSS a essayé de le résoudre pendant 70 ans avec le Gosplan. Résultat : pénuries, queues, effondrement. Pas parce que les Soviétiques étaient bêtes, parce que le problème est mathématiquement insoluble en mode centralisé. Quand Musk a 200 milliards, il ne les consomme pas, il les alloue. SpaceX, Starlink, Neuralink, xAI. Chaque dollar est un pari sur le futur. Et lui a un track record. PayPal, Tesla, SpaceX. Il a démontré qu'il sait identifier des problèmes immenses et y allouer des ressources avec un rendement spectaculaire. L'État aussi a un track record. Hôpitaux qui s'effondrent, éducation qui décline, dette qui explose, services publics qui se dégradent malgré des budgets en hausse constante. Le marché identifie les bons allocateurs, la politique identifie les bons communicants. Le profit n'est pas une finalité, c'est un signal. Il dit : tu as alloué des ressources rares vers un usage que les gens valorisent suffisamment pour payer. Plus le profit est gros, plus la création de valeur est grande. Quand Starlink est rentable, ça veut dire que des millions de gens dans des zones rurales ont enfin internet. Quand un ministère est en déficit, ça veut dire qu'il consomme plus qu'il ne produit. L'un crée, l'autre détruit, et on appelle ça redistribution. Dans nos sociétés il y a deux catégories d'acteurs. Les entrepreneurs et les bureaucrates. L'entrepreneur prend un risque personnel pour identifier un problème, mobiliser des ressources, créer une solution. S'il se trompe il perd. S'il a raison, ses clients gagnent, ses employés gagnent, ses fournisseurs gagnent, l'État collecte des impôts. Il est la cellule de base du progrès humain. Le bureaucrate ne prend aucun risque personnel. Son salaire est garanti. Au mieux il maintient une rente existante. Au pire il la détruit par excès de réglementation, mauvaise allocation forcée, incitations perverses qui découragent ceux qui produisent. Mais dans aucun cas il ne crée. Regarde les 50 dernières années. iPhone, internet civil, SpaceX, Tesla, Google, Amazon, Stripe, mRNA, ChatGPT. Toutes des inventions privées, portées par des entrepreneurs, financées par du capital risque. Pas un seul ministère n'a inventé quoi que ce soit qui ait changé ta vie au quotidien. La France est devenue le laboratoire mondial de la dérive bureaucratique. 57% du PIB en dépenses publiques, record absolu. Une administration tentaculaire, une fiscalité qui pénalise la création de richesse. Résultat : décrochage face aux États-Unis, à l'Allemagne, à la Suisse. Fuite des cerveaux. Désindustrialisation. Dette qui explose. Et le pire c'est que la mauvaise allocation s'auto-renforce. Plus l'État prélève, moins les entrepreneurs créent. Moins ils créent, moins il y a de base fiscale. Plus l'État s'endette et taxe. Boucle de rétroaction négative parfaite. La maîtresse pense qu'elle aide, et chaque année la cour produit moins. Dans nos sociétés, ce sont les entrepreneurs, toujours, qui font avancer la civilisation. Les bureaucrates au mieux maintiennent une rente, au pire la détruisent. Aucune société n'a jamais progressé en taxant ses créateurs pour subventionner ses gestionnaires. La question n'est jamais qui a combien. C'est qui alloue le mieux la prochaine unité de ressource pour maximiser le futur de l'humanité. La réponse depuis 200 ans n'a jamais changé. Ce ne sont pas les fonctionnaires.

Bill Shorten left politics and walked into a $990,000 a year job as Chancellor of the ANU. He has never run a university. He runs his network. Dominic Perrottet went from premier to BHP international relations. Joe Hockey went from treasurer to defence contracting. Politics in Australia is now a networking phase. Voters pay the bill.

Your brain has a circuit that doesn't know you live in a city. Its only job is to monitor whether birds are still singing. Right now, in this room, it is on. The circuit predates primates. Mammals have been using ambient soundscape continuity as a predator-detection system for roughly 200 million years. Birds stop singing when something larger moves through their territory. For most of mammalian history, a forest full of song meant no large predator was nearby, and the cessation of sound was the warning. Your nervous system never updated this software. The Max Planck Institute tested the inverse in 2022 with 295 participants. Six minutes of birdsong dropped anxiety with a medium effect size. Six minutes of traffic noise raised depression with the same. The effect worked on subjects who lived in dense urban environments and had no regular contact with nature. The brain still ran the check. Birdsong sits in the 1,000 to 8,000 Hz range. Your brainstem reads continuous patterns in that band as a signal that nothing dangerous is currently moving through the environment. EEG data shows birdsong at 45 to 50 decibels boosts alpha wave activity by 14.1% relative to silence. Alpha is the brainwave signature of relaxed alertness. Push the same birdsong above 60 decibels and the response flips. Stress markers rise 29%. The circuit only trusts the signal at the volume of quiet conversation, which is exactly the volume birds sing at from a typical distance. Three things happen simultaneously when the brain registers ambient safety. The amygdala downregulates. The parasympathetic nervous system takes over from the sympathetic. Heart rate variability rises, cortisol drops. The posterior cingulate cortex, which sits at the center of the rumination circuit, quiets down. King's College London tracked this through a smartphone study with over 1,200 participants and found the mood lift lasted hours after the sound stopped. People diagnosed with depression got the same response as healthy controls. Most of what gets labeled mental fatigue is hypervigilance running in the background. Birdsong tells the circuit it can stand down, and the brain reallocates the freed compute everywhere else. A quiet park feels different from a quiet office because the parks have sentinels.

@Marczeller Relax... DeFi just donated to Uncle Kim & NK.

This DeFi united is the first time I donated money to someone richer than me that could afford figuring things out without my money.

David Pocock is battling the forces of the entrenched corrupt APS, the bought LNP & Labor & a lukewarm independent coterie. That over 50% of our gas, yes, our gas is given to corporations for nil royalties is a travesty. That the MSM barely covers it shows the depth the problem!

1/ Controversial take: hard work is more important than smart work. It's a myth that we only have a few hours of good creative work per day. Train yourself to grind long hours first. You will surprise yourself. The work naturally become higher quality, less distracted.