Alan K

@TheKouk Difference is, it was a prosperous time. We are currently contracting the productive areas of the economy at a rate of knots.

It's a simple fact that the Howard government was the highest taxing government in Australia's history. If the budget next week raises taxes to that Howard peak, it would mean $18 billion of extra taxes per annum. Tim Wilson's numbers on tax have more holes than a packet of rigatoni

@OnSpeculator Damned if you do, damned if you don’t. It’s not your money anymore. It’s the Governments. They will take it one way or another.

Mind you the example doesnt make much sense to me, since indexation applies to the COST base (to determine the gain), not the capital gain itself, so nfi what they are talking about at the moment. Im so fking confused right now.

Latest article rumour of proposed CGT changes. My head hurts after reading this afr.com/policy/tax-and…

@GeneralAloysius @BananaTweetsX @junkbondanalyst @zerohedge Also not true btw

@GeneralAloysius @BananaTweetsX @junkbondanalyst @zerohedge The creditors are the lessors

Spirit Airlines going out of business is what it is, but here is what no one is talking about: who ultimately made the decision and pressed the button to liquidate? Spirit’s creditors were negotiating terms for a bailout which would have included the US government taking warrants for 90% equity ownership of the business in exchange for a $500 million cash infusion. The distressed debt investors, looking to preserve investment losses, thought they had the upper hand at the table and chose to hold out for more value and counter the proposal. In response, Trump said no thanks and walked away. While the Biden administration, Elizabeth Warren, Pete Buttigieg, and Lina Khan all had a hand to play in blocking a pro-free market merger with JetBlue in 2024, this negotiation dynamic and greed is what ultimately led to the death of Spirit Airlines. Creditors and stakeholders in Spirit Airlines include Citadel, Ares, PIMCO, and Cyrus.

@ABHanssen @MarkoMatvikov I don’t care

@AlvanL2K @MarkoMatvikov Define shitcoins.

It’s hard not to be reminded of the systemic rot these days. When I see a degenerate in a Lambo, I can’t help but think our taxes are paying for it while families struggle for shelter.

@BananaTweetsX @junkbondanalyst @zerohedge As is the rational decision, especially if secured by valuable aircraft.

@junkbondanalyst @zerohedge So the creditors killed the deal so they could claw back as much of their money as possible.

@chickenhacking @junkbondanalyst Removal of overhead duplication.

@junkbondanalyst Are you saying they should have merged? Both are unprofitable so how would merging them have saved Spirit? Seems like the jet fuel price crisis would have killed them both in that case instead of just Spirit. How would the merger have helped?

@ABHanssen @MarkoMatvikov Buying shitcoins and hoping, isn’t work either btw.

@MarkoMatvikov Whatever.

@DaveTaylorNews @ozsats256 All it can do is try to get the Government to take some responsibility by inflicting pain. Instead Labor will “hand out cost of living relief” to offset what the RBA is trying to achieve. Labor are traitorously bad at this stage.

@ozsats256 Good question. Right call for the RBA to make under its dual mandate.

The RBA will raise the cash rate on Tuesday. It will be the right call. Inflation is too high. It will also achieve very little because it’s not mortgage borrowers driving inflation higher. The stupidity of this hits me every time the RBA meets.

@XuanJi53490765 @TheKouk Ah, I think I have a pretty good idea. I was working on funding storage infrastructure until Albo was elected.

@AlvanL2K @TheKouk That is the dumbest tweet of the decade. You really don’t how markets work.

Oil US$120 ... that's gotta hurt

@Peter_Fitz Chalmers

@TimRichardsonMP This retard wouldn’t even get a middle management job in the private sector. Yet here we are….

We are here at Aspendale this morning to discuss the important road and rail impacts for the next 20 days. 🚧 🚌 This is all part of the removal of Station Street, Aspendale and McDonald Street, Mordialloc level crossings. From tomorrow, Friday May 1, we will begin 20 days of disruptions on our Aspendale roads and Frankston train line. We are asking our local community to avoid using Station Street Aspendale unless it is absolutely necessary, given we will be relying on the Aspendale Train Station level crossing and the Edithvale Road intersection to connect with the Nepean Highway until May 21. We are anticipating significant delays, so we will need to allow extra time in the mornings and vary our travel locally to ease the congestion. There have been signal changes at Aspendale Station level crossing to allow more vehicles to get through Station Street and the Nepean Highway. On the Frankston train line, buses will be replacing trains from 10:30pm on Thursday April 30, through to the opening of the new Mordialloc Train Station on May 21. If you have any questions or feedback, please feel free to reach out.

@JacintaAllanMP Just trynna get his NDIS

This Reservoir dog must've heard public transport is free until 31 May and half-price for the rest of the year.

@Ag42530382A @jason_king72 @theAZtrader Real returns.

@jason_king72 @AlvanL2K @theAZtrader Ah i get you. You're only taxed on the difference between inflation and your net return

Can any accountants out there explain to me this new Index CGT and let me know how much more tax I’ll be paying when holding a stock for over 12 months? My accountant has the day off haha.

@jason_king72 @Ag42530382A @theAZtrader But your money is worthless

@Ag42530382A @theAZtrader No you “win” on inflation.

@AvidCommentator Albo + Chalmers really are a master class in economic dumbfuckery.

How Albo broke the housing market with his expanded 5% scheme summed up in a single chart. Chart: Cotality

@Larryjamieson_ As if they won’t come for that next? Wait for everyone to bail out of equities, double down on PPR, then they will apply higher land taxes and CGT. Feels like only option is to leave at this stage.

If you are in Australia and you are not PPOR maxxing, you are simply not paying attention (I’m a fucking idiot for trying to own stocks)

@DrDunnyKruger @akamagbomb @DrCameronMurray @gearside The commissioned it. So they paid for it.

@AlvanL2K @akamagbomb @DrCameronMurray @gearside The ABC didn’t create the IP. That’s the point.

Bluey royalties could have funded the ABC twice over. Instead, we just gave them away to the BBC in a dud deal. Now the BBC is rolling in cash. Great video from @gearside explaining it all. youtu.be/n5Pnkay8D5M?si…

@DrDunnyKruger @akamagbomb @DrCameronMurray @gearside But not ABC… who commissioned the work. Thats the point. Which you keep missing.

@AlvanL2K @akamagbomb @DrCameronMurray @gearside That’s exactly what Ludo did.