N.

@ausstockchick Should have been eliminated at the first place. My take is that Lab kept it to soften the blow. They ll kill it in next budget.

The Greens are saying they would remove the grandfathering element from the budget. Sounds to me like they won’t really oppose the changes. #auspol

@ausstockchick Great idea. Given majority voter for Lab/ Greens, let them stay in Australia. Others can pick a place of their choosing!!

Everyone that voted for anything to do with Labor or the greens or similar parties should be put on an island together. Then put the rest on an island together. A social experiment to see which society collapses first. Then compare productivity. #auspol

@AntonioFreePR Thats a very intelligent response. I understand how we have been made to belive how marxism, communism is evil and capitalism liberate the world and how we dont even know the principals. People are protesting cuz govt took away a tax break from them. Try be competitive!!

@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.

@CommonVieu Hello “N.” Do you know what people who invest in the stock market actually do? They lend their their money to Australian companies so that these can make real goods and services and take Australian brands to the world. Go back to reading Karl Marx.

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

@ausstockchick Crackdown on NDIS. Finally we are seeing things towards right direction. We will get initial dip before getting the productive workforce.

YIKES Jobless rate rises unexpectedly to 4.5% Nearly 18k jobs lost. Strap in! #auspol

@ausstockchick No we are not. Sun is as bright as yesterday and food taste as delicious. Doom n gloom aint workin. Post a pic from Argentina and people might believe!!

Sitting and listening to the implications of the tax changes is scary. Trusts are dead. Argentina is looking like a viable option! Wealth is being repositioned already. We are so cooked. #auspol

@SenatorWong Thats all you have to say Penny. This is what happens when you dont put your foot down on a radical fanatic regieme. The Israeli fascists have been encouraged by the world and we will remember your cowardice.

The images we have seen posted by Israeli Minister Ben-Gvir - who Australia has sanctioned - are shocking and unacceptable. We condemn his actions and the degrading actions of Israeli authorities towards those detained.

@TMFScottP Mebbe extend hate speech laws to the blatant lying machines. I feel they hate rest of Australians just to protect their interests accumulated on back of tax payer money😂

Many of the replies to this just illustrate my point. It's useless arguing with rustedons (on both sides) or evidence-free ideologues. I just hope that doesn't cruel the chance for progress. It would be a national shame.

@tompanos This is the ugliest face of Australia. Urging people to buy homes which have been so difficult to acces for the likes of these people. People should have house acces as the easiest thing and they should focus on living good.

If I was a young Aussie, I’d be building skills, saving hard & preparing to buy — not waiting for “perfect timing”. Disciplined people build quietly while others complain. #mindset #propertyinvestment

@ausstockchick Whats wrong with this country of lazy investors. Albo has constitutional right to make changes. He was voted in by Australians to do so and have their support. Why dont you sue Albo and see how it goes

Albo is rushing to change negative gearing and CGT changes before the July winter break. This reduces the time available for a parliamentary inquiry! Far out. #ausbiz #auspol

@DrCameronMurray Wow. The math is not mathing here 😂 you own a house on mortgage at 8%. Would you rent it out at 3%. Not if you are getting subsidies and hinging on RE to give you capital growth. The moronic economics. If you want a house to live and cant afford it, you will consider P:I ratio

I am on a mission to make it embarrassing to use the price-to-income ratio as a measure of the affordability of housing. Please stop using it.

budget makes clear: - only 5% of Australians will be affected (95% don't get discretionary trust income) - disability trusts, deceased estates, charitable trusts, income from farms won't be affected, nor will fixed trusts - people are using these trusts to avoid tax

@cjoye Trusts used to hide income should be hid really hard. Not with a tax but with a penalty.

Small business faces stamp duty hit after budget changes: Small businesses forced to restructure their financial affairs due to a tax increase on trusts in the federal budget could face stamp duty bills costing hundreds of thousands of dollars, setting up a potential clash between the Albanese and state governments. afr.com/policy/tax-and…

@cjoye Now Imagine if this stupid policy wss not invented and supported. We would have had much lower RE prices and wages would have been spent on other goods and services instead of mortgages. Higher ownership and a happier soceity. Its a policy that screwed Australia.

Macquarie tightens lending policies to reflect negative gearing ban: Mortgage broker Alex Veljancevski estimated a borrower with an annual income of $100,000 and no existing debt could see their borrowing capacity for an investor loan fall from $750,000 to $600,000 – a 20 per cent reduction – with no change to their income or expenses, because of the negative gearing ban. afr.com/companies/fina…

@Standup_global All these years people have been crying about chinese money, gang money, trust hidden money. And now when its coming to open, we are still whinging. Lets be clear what we actually want. Probably a few to own the RE and prices to go up. And ofcourse no taxes with abdundant loans.

If you want to buy or sell a property in Australia expect this.

@tompanos Which is good. Increase supply in the market. Thats what the budget is designed at. Its not hampering wealth creartion. Just solving Australias problem on the way. Thanks for pointing out!!

While everyone argues about negative gearing, smart buyers are quietly looking at duplex sites. Wide frontage blocks and knockdown homes may have just become some of the most strategic buys in the market. #PropertyInvestment #RealEstateAustralia

@profholden @Barnaby_Joyce Taxes should be lower across the board regardless. However, quoting the article, the already taxed income is excluded from taxes. Its the only incremental profit that is taxed. So some people earn through wages and other through shares. They should be taxed on similar rates.

I can't believe I'm saying this, but @Barnaby_Joyce is right. "You buy assets out of after-tax income." That's why every advanced economy taxes capital gains at a lower rate than ordinary/labour income. And if we want to lower the burden on workers th en we should tax labour income less and consumption more. theaustralian.com.au/news/tanya-pli…

@GeoffWilsonWAM @JEChalmers @AlboMP Would any person making income through capital gains/ dividends would be paying more tax than a salaried person in Australia? Dont a problem if its same across the board and we shud try to lower taxes across the board instead.

Gaslighting by @JEChalmers. The master gaslighter. Not answering the question. He thinks all Australians particularly the young are idiots. Have a listen. Make the government @AlboMP not to change the tax on Australian companies, shares, LICs and ETFs

@arbsmichael instagram.com/p/DYbIUnEDa_E/… Capital flight vs. Capital concentration. A few people having grabbed all the resources while other strughling is more dangerous forna society than a few fleeing with their money.

Australians should familiarise themselves with the term capital flight. Capital flight is what happens when investors and businesses leave for countries with lower taxes, greater stability and less hostility toward success. Labor has dressed their big taxing budget up as “intergenerational fairness,” but in reality it is a regressive and punitive tax regime that will undermine investment and aspiration. These changes don’t just hit property investors. They punish small family businesses, entrepreneurs, and investors in assets like equities, ETFs, crypto and precious metals. Jim Chalmers' policies will drive investment offshore and make Australia poorer.