AntonioS

Jimflation caught out in another lie. 4 in 10 Australians under 44 own shares or ETFs directly. Young Aussies are using them to save for a house deposit, yet Labor wants to screw them over and distort the truth again. 🤦🏻‍♀️😣

Why CGT design flaw makes direct share investment ‘untenable’ theaustralian.com.au/wealth/investi…

Albanese is often portrayed as politically shrewd after the last election result, but with his broken election promises and this clusterfuck budget — on top of the disastrous Voice referendum campaign and the lethargic response to calls for a Bondi royal commission — you have to wonder whether his political judgement is starting to desert him. Or whether he ever truly had strong political judgement at all, and the last election result was simply an outlier.

@LuckiePhil1 @AntonioFreePR @AlboMP 🤣😂🤣😂🤣 They’re not getting past the next election. This is the election campaign writ large. It will not leave them for the next two years. They’ll be prosecuting this again, and again, and again. Then bang, they’re gone! This budget is a political suicide note.

Here’s the problem, Albo. Many of us sat down with our teenagers and tried to teach them the value of financial discipline: work hard, don’t waste money, think long term, and build a future by investing in the stock market — even if it’s something as simple as buying ETFs through CommSec. As parents, we felt proud when they actually listened and started seeing the rewards of patience, discipline and compounding returns. Then, you come out nowhere, imposing a 30% CGT floor that effectively destroys one of the key wealth-creation tools previous generations used to build financial security. These are not rich kids or millionaires. They’re ordinary young Australians trying to get ahead, save for a home, a family or simply some stability in life. That’s why so many of us are disappointed in you, Albanese. You’ve whacked the very generation you claim to care about and you’ve made their parents look stupid. #ASX #Ausbiz

Chalmers is making policy thinking 1 in 10 under 35s own shares The worst part is he doesn’t have the sense that it doesn’t pass the smell test What are parts of the budget are based on garbage assumptions?

@Richard01357064 “A country that punishes ordinary people for trying to get ahead eventually destroys hope itself.” 100%. History shows infinite examples of bloody civil uprisings due to the decimation of prosperity and social mobility.

@seanclarke911 Life comes down to this: do you want to be a zebra or a giraffe?

Stupid fucking zebra, getting subsidised rent due to Giraffe being smart, playing by the rules and providing housing at a loss so Zebra has somewhere to stay. Zebra is pissed off at Giraffe even though Zebra gets cheaper rent, Zebra, it’s the fucking government mate, that inflated your savings away and sent the cost of living sky high. If zebra stays mad at giraffe and not the Donkeys running this country - it’s about to get worse. Fuck the stupid donkeys with their gas lighting bullshit. x.com/FranMooMoo/sta…

@The_scanner_man No idea, but the pressure to toe the government line if you’re Parliamentary reporter in the Canberra bubble would be enormous.

@AntonioFreePR Author usually reports on politics in Canberra. Hmm wonder if this is some quid pro quo writing 😶‍🌫️

ABC GEN Z FAIL Just a tip to the ABC: you’re missing the story. The angle of the article below should have been “Labor is about to dramatically slow the rate at which young investors can accumulate capital.” What the tax grab really targets is not “high-risk lottery-style" investing, but SUCCESFUL investing, in which shares rise strongly in value over time. Yes, that can include speculative high-risk crypto plays, but in most cases it’s simply the result of sensible investment in companies that perform well — which is what the majority of young investors try to do. What your article doesn't spell out is that Labor is about to dramatically slow the rate at which young investors can make money on the stock market and is telling them to suck it up and be happy with slow-growth investments that return barely more than a term deposit. This is a slap in the face for all Gen Z, and deprives them of one of the most important wealth creation tools used by previous generations to build financial security. And the worst thing is, there’s not even a shred of evidence this will help bring home prices down. It’s just a naked tax grab by a government that refuses to cut back on spending. #Auspol #Ausbiz #ASX @AngusTaylorMP @OneNationAus abc.net.au/news/2026-05-2…?

@SpectatorOz I think the weirdest thing is that he’s decided he’s gonna smash young investors. Who is advising him?

Okay, that's enough Albanese. It's time for a federal election! Labor went to the election pretending to be a cautious, centrist government that would protect household budgets and avoid economic shocks. Albanese repeatedly ruled out changes to negative gearing and capital gains tax. Australians were told there would be no surprises. Then the election ended. And suddenly, the same government unveiled sweeping tax changes hitting investors, trusts, family businesses, and wealth creation across the country. Australians were conned. Article | spectator.com.au/2026/05/why-mo…

@Mon4Kooyong Dr Monique Ryan focusing on climate change just when younger investors in her electorate are about to be whacked by Albo’s CGT changes. She thinks they just care about climate change and not their financial futures.

Great to see Australia signing overnight to a landmark UN ruling establishing our government's legal duty to protect Australians from the escalating global climate crisis. If we're getting serious about climate change, we should stop sacking the CSIRO scientists who measure it, stop subsidising big mining companies' use of fossil fuels through the diesel fuel rebate, and stop approving the new oil and gas projects which are now clearly against international law. We need actions, not gestures, to protect the next generation from climate change. abc.net.au/news/2026-05-2…

Australia’s Gen Y and younger Millennials really need to wake up to what’s going on here. The proposed changes to the CGT dramatically reduce their ability to make money on the stock market. Getting that first home deposit and achieving financial security down the track is now going to be so much harder.

As the post-budget fallout continues, new polling shows one party taking a major hit and a major opponent stepping up to the plate. news.com.au/national/polit…

Albanese and Chalmers are pulling the rug out from under younger Australians trying to climb the first rung of the wealth ladder. This is not just about “the rich.” Around 40% of younger Australians now own shares, ETFs or investment portfolios trying to build some financial security in a country where housing has become brutally expensive. Many are “rentvesting” — investing modestly while renting because home ownership is already out of reach. And now Labor wants to hit those aspirations harder with higher taxes on investment, capital gains and wealth creation. 🏠 harder to buy a first home 📈 higher rents 💸 more taxes eating away investment returns 📉 weaker incentives to save and invest 🧾 bigger government debt dumped onto younger taxpayers Previous generations built security through: ✔️ home ownership ✔️ shares and long-term investing ✔️ small business ✔️ property investment ✔️ accumulating assets over time Now Labor increasingly treats ordinary aspiration as something selfish or unfair. Young Australians are being told to: ➡️ work harder ➡️ own less ➡️ rent longer ➡️ inherit more debt ➡️ expect lower living standards than their parents And this is the truly destructive part: When governments attack investment and capital formation, wealthy insiders usually survive. It is younger Australians with modest ETF portfolios, first investment properties, startup ambitions and long-term savings plans who get smashed first. ❌ fewer rentals ❌ less housing supply ❌ slower wage growth ❌ weaker productivity ❌ lower investment returns ❌ less opportunity to get ahead Australia should be helping young people build wealth, own homes and raise families securely — not taxing and regulating aspiration out of existence. A country that punishes ordinary people for trying to get ahead eventually destroys hope itself. #auspol #Budget2026 #HousingCrisis #IntergenerationalEquity #ETFs #Investing #CostOfLiving #EconomicFreedom #Libertarian #LPQ

@NoCultureEye The budget that was supposedly for intergenerational fairness effectively slows the rate at which Generation Z’s can accumulate capital. Never has a demographic cohort been so rogered by a budget.

Wasn’t this budget for young Australians? Isn’t this about intergenerational fairness? Why just a carve-out for the tech sector? How about the rest of us? Why are we left to fend for ourselves? #auspol

@chrisbrycki Yes Gen Z have effectively had one hand tied behind their back when it comes to investing on the stock market. They’re not stupid they’ll work it out and come for Albanese.

Young investors will bear the brunt of CGT changes the government says are about addressing intergenerational inequity. au.finance.yahoo.com/news/jim-chalm…

Sad. This is the ABC running the govt’s propaganda. The true big picture is that Labor is dramatically slowing the rate at which young investors can accumulate capital. Gen Zs are being told to suck it up and be happy with slow-growth investments that return barely more than a term deposit.

As it currently stands, more than half of the benefit of the capital gains tax discount go to the top 1%. People under 30 only got 2% of the benefit! 📻Senior Economist @MattGrudnoff on ABC Radio National #auspol

@chrisbrycki @ryu_tay These planned CGT changes are either the product of incompetence or class warfare. My suspicion is the latter, because even Albanese can’t possibly be that economically clueless.

How you could be stung with 70% CGT for buying and selling shares. livewiremarkets.com/wires/how-labo…

So a loss created by indexation is ignored. In my example below (sorry it’s so rough) the taxpayer has made an overall inflation adjusted loss. But they’ll be taxed on only the gain with the loss disregarded. And the gain will be taxed at a minimum rate of 30% (so $15k tax despite a real loss). It’s an awesome system.

@bluewavedream @lesterredux EXACTLY.

@lesterredux @AntonioFreePR So they make $800 a year and out of that they will now pay under Labor $240 wheras before if that wax their only taxable income they would have paid no tax. Over 4 years that will be $960 dollars in tax.

Australian Labor has obviously been exporting its CGT ideas to British Labour. Now a possible replacement for Keir Starmer is reportedly floating a similar concept. Judging by the public reaction in the comments, Brits seem just as thrilled about it as Australians are. Nothing unites taxpayers across continents quite like politicians finding new ways to tax you.

@CommonVieu I really love marxists telling me how the stockmarket works, particularly with gibberish about 12PE and 300 PE, and big bad Wall Street Street commissions. Just STOP.

@AntonioFreePR Mate. Only if the world worked like that. Once equity is raised. Trading is all about buying selling. There are stocks at 12PE and then there are at 300 PE. Wall street makin their commission. Few Australians making money. Others losing. Its a zero sum game. So yes I know a bit.