Not Elon Musk

@UnpluggedOz @NatedawgO7 Zero NOM would absolutely make housing more affordable very quickly. I just don’t think it’s possible

@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.

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

@John61f0 @peter_tulip @Marian_L_Tupy That is correct. It’s at capacity and we are too 2 per capita build rate globally, so it’s not reasonable to conclude that ‘build more supply’ is a plausible possibility when housing is at crisis point and we’ve seen Canada get results from migration reform

@peter_tulip @Marian_L_Tupy Are we not already at capacity realistically for building Peter? I believe and core t Neil I am wrong but we are second in the number of new houses per 100,000 of population?

.@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…

@Galto2sd7474 @peter_tulip @Marian_L_Tupy Construction workers were 1.5% of NOM too

@peter_tulip @Marian_L_Tupy I read the article, and it's wrong. 1/ We don't have the productivity in construction, so why would we want to put extra demand on that industry. 2/ It assumes that there are skilled people who could migrate here, but construction is not a high skilled job, so it's irrelevant.

@brianluidog @peter_tulip Australia builds one of the highest per capita build rates and it’s falling short by a lot. People are saying that 2019 net migration was close to supply, but the last 4 years has seen double per year on average. We can’t build faster, so that’s why everyone has said NOM

@peter_tulip They say if you have high immigration and high housing supply, that's fine for affordability. But if you have high immigration and low housing supply, that's not good. People see that housing supply is blocked, so they argue for lower immigration.

@TheKouk Imagine this scenario. War ends, oil price falls, Iran no longer a destabilising force, China contained and Russia weakened. The markets recover the growth cycle. There’s only one certainty if this were to occur. Kouk would not correct his record.

@UnpluggedOz @NatedawgO7 First homebuyers have a lot of advantages, but the single best thing to help is not increasing net overseas migration rates by double over the last 4 years. Oh well. The second best thing is to reduce NOM to 100k for a few years with stricter skills list.

@NatedawgO7 Some countries increase taxes on second and subsequent properties to give first home buyers an advantage. We should do that here.

@NatedawgO7 @ZeeRooAlpha The land appreciates, the structure depreciates. Buy assets with your savings

@ZeeRooAlpha Pay rises are when you become more experienced and better in your job. The investor I bought my house off did zero renovations for 20 years, the showers would full of mould and no aircon and roof leaked everywhere. He made 900k and 50% was tax free. Fuck that shit off.

@Andy66575000 @NatedawgO7 It’s a bad investment, very risky, expensive. But that doesn’t stop ppl doing it. If we reduced income tax to less than 15%, then less ppl would borrow to invest in something that is littoe better than inflation.

@NatedawgO7 The asset getting taxed is a hedge against inflation already so their argument void. Don’t invest in housing if it isn’t profitable then.

@NatedawgO7 CGT is paid at marginal rates. So subject to same indexing problem when tax paid as wages. The discount turns it into wage equivalent. Indexing thresholds would be amazing, but it’s too easy for politicians to say that they are good economic managers when inflation happens

@Mon4Kooyong Most of them high income earners

The FBT exemption has helped more than 100 000 Australians afford EVs. In a global energy crisis, we need to use all levers to reduce reliance on fossil fuels, including extending EV subsidies and cutting back on the diesel fuel tax credit scheme. My piece in today’s Saturday Paper: thesaturdaypaper.com.au/comment/topic/… via @SatPaper

@jamesdean0770 @g_zilla_xo @TheKouk Nope. Look at what’s been happening globally. Border skirmishes, hemisphere defence, economic warfare, Ukraine being used as a pin cushion etc. it’s super powers

@ForSureNotElon @g_zilla_xo @TheKouk Or US warmongering. China is a trading nation.

The nut jobs are out in force suggesting the govt reduce or eliminate to petrol excise for a period of time to reduce the retail price of petrol. This would be one of the worst policy ideas doing the rounds. It costs billions of dollars making it harder to get the budget to balance. It stimulates demand adding to inflation at a time when inflation is too high. It make the petrol shortage - to the extent there is one - even worse as people keep driving & don't look for alternatives. It is a crap idea that should pick picked up carefully & dropped in the rubbish bin. youtube.com/watch?v=51sLQz…

@TheHypocrisyCh1 @MrRexPatrick Entire life costs over 30-40 years brought into PV, including maintenance, shipyards, weapons systems tech, training

@MrRexPatrick Please explain the 368 billion price rex

No - you are wrong. Morrison announced #AUKUS, but ordered a study. Albanese could have walked away after the study was complete (and the $368B price tag was known). But he didn’t. And he has stayed the course, even though the implementation risks have been ratcheting up. #auspol

@MrRexPatrick Why would we want out of AUKUS?

@jamesdean0770 @g_zilla_xo @TheKouk Super power geopolitics

@g_zilla_xo @TheKouk Why would there be conflict with China?

@g_zilla_xo @TheKouk Conflict with Iran, plus tariffs plus Venezuela and Cuba and Greenland is all to control China too

@TheKouk How about use the fuel excise to actually secure Australia’s economic future and encourage resilience. Iran will be a small bump compared to conflict with China. Some simple ideas: drill baby drill, building refining. Investigate coal/gas to fuel.

@RageSheen The works runs on diesel.

Stats for a fuel crisis. The fuel tankers that deliver fuel within Australia annually travel a distance equivalent of travelling from the Earth to the Sun, and back, and then back to the Sun again. They use probably over 200 million litres of diesel themselves, on those trips, to move the fuel to where it’s needed. The electricity grid on the other hand is already plugged in to most locations. No transportation required. Energy moves at the speed of light to where it’s needed, instantly.

@Cloons0 @DavidLeyonhjelm Grubs like who? Australians don’t want too much net migration. It’s destroyed housing market. We can’t build fast enough houses or infrastructure, schools full, hospitals full. It’s suicidal empathy driving it from lefties.

@ForSureNotElon @DavidLeyonhjelm Why do you think we have mass migration bloke? For the kids lol. No, for grubs like this. Ffs

Intergenerational equity = code for redistributing wealth from older people who earned it, to younger people who didn't.

@ralphbuttigieg @AvidCommentator It’s of capital to replace v increased costs for a 1 year window. All of it flows through to inflation

@AvidCommentator But it can easily be fixed by moving away from ICE Cars to EVs.

Honestly relative to the hits younger demographics have taken, higher fuel prices is the side show of side shows. Lets assume you drive a diesel Ford Ranger and drive 15,000km per year. This a very much a downside scenario, a big heavy diesel car, higher than average km and we'll also assume worse than sticker fuel economy. Based on a diesel price of $3L, fuel costs for this person have risen by $2,267 per year vs 2019 prices. In a vacuum, a big hit. Meanwhile, this households rent has risen by over $10,000 per year. The cost of buying the median house nationally has risen by almost $60,000 per year. Yes fuel is expensive, but relative to the challenges imposed on the nations young or non-homeowners its the side show of side shows.

@Oscarthefarmer Diesel.

Just a small comparison note. If Australia today had the same % rate of electrification of cars and trucking that China does today? We would have 250 million litres less demand of fuel per month. Thats nearly as much as Agriculture uses...

@CbasKC @EdTheFedd @Milkman_6AM @DavidLeyonhjelm Old mate thinks companies don’t pay for anything and highlighted hearth and education. Thats the topic, you’re getting stuck in the weeds

@ForSureNotElon @EdTheFedd @Milkman_6AM @DavidLeyonhjelm Again it’s not that simple mate and you’re under calling it. It’s a bracketed system in most states and in some states there are further levies like mental health levy in QLD. So you’re speaking partial truth but also partial inaccuracies.