@SinnerSalvation Boeing is a listed company. They can buy shares in it
English
Not Elon Musk
13.3K posts
Not Elon Musk
@ForSureNotElon
Definitely not Elon. SPD | LNAV | VNAV PTH
Joined Kasım 2022
761 Following295 Followers
Ask the workers at a Boeing plant if they own the means of production, lol
The Rabbit Hole@TheRabbitHole
Capitalism gives people a choice
English
Not Elon Musk retweeted
@AndrewLang85831 @Deep_Impact_HK @bowtiedstocks That’s not the example provided, but if they held it for that long and rates didn’t change, yeah that’s right. You’d need to run a side by side rent v buy over that time period though, and buying would likely be cheaper
English
@ForSureNotElon @Deep_Impact_HK @bowtiedstocks You are not even including interest payments over 30 years which would mean they pay back close to $4m in total (capital + interest) for the $2m house assuming 5-6% IR over 30 years.
English
Brisbane house sale price: $2m
Rental income per week this house would generate: $1,200
Rent per year: $62,400
Mortgage interest per year (assume 80% LVR): $2m x 80% x 6.5% = $104,000
Maintenance cost for owning per year: $20,000
The cost of owning this $2m house is precisely double the cost of renting it - and that’s after you dump down your equity for the 20% deposit
And that assumes no sunk stamp duty cost on purchase as well
Propadee-nomics
GIF
English
@AshPolitik Israel is a country. Someone who believes it’s a country is bad?
English
I agree. Organised religion is root of evil. Islam, Christian or Judaism.
Left do ignore the islam opression of woman, with the burqa etc due to the right weaponising with rascism
Blair however is a complete Zionist, not a religion, a political ideology and extremist movement
NewsWire@NewsWire_US
Tony Blair: We must end left’s unholy alliance with the Islamists
English
@EnergyWrapAU @cat240359 They also seem to be pushing for a tax rather than a royalty. Are they not understanding their own idea?
English
The fight back against Australia institute misinformation is tepid but I’ll take it!
Australian Energy Producers@au_energy_prod
There’s a lot of misinformation about the gas industry’s tax contribution. An additional 25% tax on industry would destroy investment in new gas supply, undermining future energy security. Get the facts: bit.ly/4s1pa1g
English
@robprogressive Top 1% own 31% of countries wealth and so should indeed pay more than 28% of the tax burden.
English
@Galto2sd7474 @peter_tulip @Marian_L_Tupy On net migration, yes agree.
I don’t agree that tradies are replacement manufacturing and that they are unskilled/not valuable. That makes zero sense and they are needed in large supply. There’s been a lack of people entering trades, causing shortages, causing huge wages.
English
@ForSureNotElon @peter_tulip @Marian_L_Tupy Yep, so we are in broad agreement. If there was latent demand, locals would have entered the trades.
We are just importing too many Uber Eats drivers to push up demand for housing, because we can't develop higher value industries to move us out of the quagmire we are in.
English
.@Marian_L_Tupy argues that immigration will not result in rising housing prices and rents if we build more housing.
As we did in the 1960s, 70s and 80s.
cis.org.au/publication/gr…
English
@Deep_Impact_HK @bowtiedstocks $4m -
3% sales cost
$442k CGT
$3k Extra super tax (div293)
$300k Close/hold costs
~$1.1m cash left.
Opportunity cost:
$400k deposit, stamp duty/closing $120k, holding costs of $30k per year after tax growing at 12%pa ($1.1m) no need to sell, no debt, $50kpa income stream
English
@bowtiedstocks You forgot the part about selling it 5 years later for $4mlion to give $2mil capital gain which is $400k pa tax free income
English
@bowtiedstocks Yeah, property isn’t a good investment.
Cheaper properties maybe, as stamp duty much lower and yield much higher.
It’s still a better way to supply rentals to rental market. In more cornice suburbs, it’s dominated my owner occupiers anyway, so price is not investor driven
English
@Galto2sd7474 @peter_tulip @Marian_L_Tupy Tradies are needed and dismissing their skills seems a bit naive. Sure there are shocking ones, but good ones are very good and work efficiently. They are a necessary part of any economy
English
@ForSureNotElon @peter_tulip @Marian_L_Tupy Seriously, the construction industry only exists to absorb the blue collar workforce whose manufacturing jobs were moved to Asia.
We don't need more of it. We need to move the rest of the economy up the value chain.
English
@Galto2sd7474 @peter_tulip @Marian_L_Tupy Yes. This is one of the issues, not enough did it.
And we ARENT importing construction workers, that’s the point. People claiming immigration is helping and would hurt construction industry if stopped haven’t looked
English
@ForSureNotElon @peter_tulip @Marian_L_Tupy We've been saying this for 25 years now, and apprenticeships are 3-4 years, so I don't buy it.
If the demand is there, more people will enter the trade. We don't need to import people with 19th century skills that we can train locals to do in 4 years.
English
@Galto2sd7474 @peter_tulip @Marian_L_Tupy There is already a program for specific sponsorship of particular skills.
Skills that we are short of are important though. We don’t need more brothel madams or yoga instructors. We need more experienced labourers and tradies, so that they are productive quickly
English
@ForSureNotElon @peter_tulip @Marian_L_Tupy They are needed, but it's not a highly skilled job. If you want to go up the value chain, you need to import engineers, scientists, mathematicians, technologists.
And those people have a much bigger economic multiplier, so you need less of them. But why would they choose here?
English
Not Elon Musk retweeted
Not Elon Musk retweeted
Capitalism creates so there’s more for everyone.
Socialism is the weaponization of greed and envy making everyone worse off.
English
How the hell does a house in Acacia Ridge Brisbane (with no changes), go up by $1 million bucks in 5 years - or 135%?
English
Mind you, English is not native to Australia
Pandemic of the Karens 🌸🇦🇺🇦🇺🇦🇺@freedomrules21
I’m at Melbourne airport (domestic terminal) and completely surrounded by foreign languages. What happened to my Country
English
@SimonBanksHB Let private industry build and charge. Just don’t put more regulations and CO2 targets on there, otherwise no one will invest
English
Andrew Hastie calls for coal to fuel plants to be built in Australia
When asked how much they would cost, he can't say
Whe asked how expensive the fuel would be, he can't say
The LNP are a joke
English
@TMFScottP The price of diesel will drive inflation through the entire economy.
English
This is a nonsense.
Discounting a supply-constrained good is economic madness and will only make supply more precarious.
Angus Taylor MP@AngusTaylorMP
While families are being smashed at the bowser, Labor’s answer is “buy an EV” instead of backing immediate relief in slashing the fuel excise. 26c a litre isn’t everything, but it’s a start and we’ll keep pushing to make sure you pay less.
English
@Galto2sd7474 @peter_tulip @Marian_L_Tupy Tradies are needed. There is a chronic shortage for various reasons.
If we have much less net migration, less tradies are needed because we aren’t spreading resources thinly across massive construction projects all over the country at the same time.
English
@ForSureNotElon @peter_tulip @Marian_L_Tupy Exactly, and why would you import construction workers?
Construction absorbs the useless labour that was displaced from manufacturing, it's not a value adding industry.
These people, sheesh.
English
@UnpluggedOz @NatedawgO7 Zero NOM would absolutely make housing more affordable very quickly. I just don’t think it’s possible
English
@ForSureNotElon @NatedawgO7 I want a permanent zero NOM. There's no reason to have any immigration at all. It's all a con. It only benefits the wealthy and is extremely bad for ordinary Australians.
English
If so then I want my income tax adjusted for inflation every year too then. Oh no it’s only ok for those with multiple investment properties to get that…in a housing crisis
Institute of Public Affairs@TheIPA
“The 50% capital gains ‘discount’ isn’t always a discount.” When inflation eats into your gains, the real tax burden can actually be higher. Adam Creighton tells you the truth about capital gains tax. 📺 Watch more at the link in our bio: bit.ly/4rW4w2v
English