some0nethere

@hamishgryan @Gnu352 @ChrisEconomist @peter_tulip I have been to India, he's not wrong. The nicest parts are the least dense.

@Gnu352 @ChrisEconomist @peter_tulip Obviously the institutional preconditions need to exist. Can you just piss off with vapid statements like this. Stop polluting the internet with.

Most of us choose to live and work in proximity to many other people. Because dense cities create jobs and high wages. Agglomeration economies outweigh congestion. On balance, the externalities of density are positive, not negative; but our policies mistakenly assume the opposite

@oliverjanik @TaxPawspective @jason_king72 @thatreviewplace @GreenTyler27 Easy, house prices have grown globally and Australia exists as part of the globe. Try looking for another reason mate, I think you will find money printing causing currency deflation a more plausible reason than CGT.

@TaxPawspective @jason_king72 @some0nethere @thatreviewplace @GreenTyler27 Explain this:.

You can tax landlords all you like… But you can’t stop the market responding. In a housing shortage, those costs flow straight through to renters. Less incentive to invest → fewer rentals Fewer rentals → higher rents Government intervention doesn’t fix the shortage. It makes it much worse. It’s the incentive structures that need repair in Australia.

Thats the point, the CGT "discount" is NOT why prices have risen. Internationally prices of real estate assets have risen sharply largely because of the massive amounts of money printing and demand stimulus going on in western worlds from COVID responses. The dollar has deflated in value heavily over the past 8 years - real assets hold their value.

@thatreviewplace @jason_king72 @some0nethere @GreenTyler27 How does more tax increase prices?

@5h0na1 I am in Australia, if a bank teller did that to me I would get up and leave.

オーストラリア来て一番最初に驚いたのが銀行口座を開設する時に銀行員の人が、コーヒーいれてくるからちょっと待ってて！って言って戻ってきたら自分のコーヒーだけ持ってきたこと え？俺の分は？って思ったけど、この国はそれが普通 日本やとお客さん待たせて自分のコーヒーだけいれるってないよね

Also on this one - the investor is not "taking up a property a first home buyer would love" - a renter is, that cannot yet afford to be a home buyer. Renting is a thing that has been around a lot longer than the last few years when real estate went bonkers benefitting just about everyone but me. Where was I supposed to live until I could afford a house? Do you think I thought I was being "leeched off by a landlord"? Paying rent does suck though, paying interest not much better. The real wealthy owning outright multiple investment properties do neither - who I think we would have more common ground on but are not in the scope of your "negative gearing deduction" aggravation because they are turning a profit.

@some0nethere @thatreviewplace @GreenTyler27 It's simple. You are: 1) given an unfair tax advantage. Australia is very unique in this regard. 2) you're taking up a property that a first home buyer would love, there for pushing up prices 3) leeching off your renter. Their hard work is building your "wealth"

Any profit from your investment is ADDED to your personal income and taxed at the marginal rate. Any costs from your work or investment are deducted from that combined taxable income. Not hard. Just like a shop deducts the cost of goods sold from its revenue before being taxed.

@some0nethere @thatreviewplace @GreenTyler27 You misunderstood. Cost deduction is normal for the activity you have the cost for. Reducing your income taxes from unrelated activity (renting) aka negative gearing is very very unique. This isn't normal.

@shoebil57672266 Yes, SA has had two large gas power stations since the 50's - thats not a secret is it? They also built a bank of 6 gas turbines a few years ago for rapid start along with 256MWh batteries - to support the wind/solar. Looks like its all working well?

Fossil fuels are dead 😂#Auspol2026

@oliverjanik @thatreviewplace @GreenTyler27 Agree on the tax sentiment 100%, not sure what you hatred is for investors working completely legally within the tax framework is though. Should I hate Centrelink recipients?

@some0nethere @thatreviewplace @GreenTyler27 Average Joe doesn't matter. As a society we should be rewarding productive work. Which means lower taxes on income and higher taxes on passive wealth. You owning someone else's home and extracting rent from their hard work is not adding anything to the economy.

Rubbish, it is not your tax money subsidising someone else's anymore than you deducting work expenses from your taxable income is "paID foR bY meEE". Unless the person claiming the deduction for investment losses is deducting from the highest tax bracket, then the deduction is only going to see a 0-35% saving in tax on the amount of that deduction. If they are earning above that, they are already contributing well more than the average Joe in income tax.

@thatreviewplace @some0nethere @GreenTyler27 It has been a cumulative problem. Why are my income taxes subsidising your passive asset? Why do you need handouts?

@Rufus0421 @Batman2242 @CherryA55893558 @acccgovau Gotcha, understand what you're saying. And yeah, we are all f*cked for fresh food for the next year I would say, if we can get any. Nice day to just grab a beer and sit by the river in this sunshine ;-)

@some0nethere @Batman2242 @CherryA55893558 @acccgovau No, I guess I mean you have options to get places if you don't want to pay those prices. Strangely enough I went to get groceries this morning and the price dropped 20c in that half hour!! Winter veg are going to be very expensive 😑

Just went to the shops. HOW is diesel $1.00 more per litre than petrol ? $2.19 P to $3.19 D ? @acccgovau your people are not looking hard enough.

I understand that mate, sorry I might have missed your point - are you saying they are out of diesel or at risk of running out? I thought you were just saying it was expensive, my point was just to say its that much in the city too so you aren't getting gouged any more than we all are :-/

@some0nethere @Batman2242 @CherryA55893558 @acccgovau I don't mean to be facetious but you have buses and trains and taxis available for transport. None of those options here. And this area is actually producing food.

@FunBrainFarts @Archie475 @Batman2242 @acccgovau That’s what investing in solar does…..

@Archie475 @Batman2242 @acccgovau You don’t know the opportunity cost of money Use your brain Literally you could buy a cheaper car. Invest the money and drive for free.

@Rufus0421 @Batman2242 @CherryA55893558 @acccgovau That’s not bad though, it’s the same price in Adelaide

@Batman2242 @CherryA55893558 @acccgovau Diesel rural SA..next service station a 60km round trip

@ben_nexhip @EVCurveFuturist linfox.com/linfox-receive…

@EVCurveFuturist I’m sure companies like Linfox, Finemores, Coles And Woolies have looked into it, why haven’t they adopted it?

Electric trucks “can’t handle heavy freight”… until one quietly does a 480 km round trip fully loaded in NSW and makes diesel look outdated. 36 tonnes. Real route. No shortcuts. 600 kWh used. ~$50 energy cost. Diesel? ~$300 (prewar) ~$600 today. That’s not merely incremental. This is a massive system shift! ~1400 hp vs 500–700 hp diesel. It was overtaking trucks up Mount White. Held speed the whole way → ~40 mins faster. Less breaks. More flow. • Faster • Stronger • ~80–90% cheaper energy • Lower total cost over time High capex, low opex wins. This is already happening on Australian roads. The economics have flipped. Now it’s just adoption curves. ⚡📈 #Bettrification

@QBCCIntegrity Agree, and I am glad they do! They should be buying the lowest price electricity they can.

@some0nethere Indeed I do! I also realised it buys Victorian coal power because it’s way cheaper

Wonder how South Australia feels constantly having the most expensive power overnight in the grid, then the winds gone, the wind is a gentle breath, the batteries are dead and they’re importing coal power from Victoria to make up for shortfall on gas? Renewables, Bowen style!

@warcroft @QBCCIntegrity Tesla charging stations run on magic, thats what they got wrong.

@QBCCIntegrity Relevant

Which energy grid provides the most energy to Australia? The answer will surprise you. EV’s vs Fuel - why is it impossible to simply swap. Topher does a great job of breaking it down, and fanatics are not going to like the answer. Watch and share.

@curiouscat34168 @QBCCIntegrity With the solar, wind and Torrens island gas power plants?

@QBCCIntegrity How did the SA grid cope over the weekend with the influx of visitors and the atrocious weather they had?

@JC47053522 @QBCCIntegrity Exactly.

@QBCCIntegrity They import because it is cheaper than gas ! SA was using 500 MW of the 3000 MW of gas it has available .