Zen Hodl
3.4K posts
Zen Hodl
@FlogBiscuit
SEPERATE MONEY AND STATE
Ex Australian Katılım Mart 2016
2.1K Takip Edilen550 Takipçiler
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…
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@CampbellNewman @johan_biermann Buy Bitcoin peer to peer. Never let these grubs know about it. Pass it on to your kids.
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So its like this.
You work for 45 years, you buy a house and pay it off.
Meantime you buy some shares and some other property to help pay the way in retirement. The whole way through you had to pay tax BEFORE you put money into these investments.
But according to @tanya_plibersek, your kids should be paying tax again when you die.
Ponder that. Why save? Why put money away? Why take care of your own family?
Because people like Plibersek and @AlboMP just want to take it from you.
Valerie 🤌🏻@AussieVal10
It’s painful listening to these grubby, money grabbing Labor Ministers. It’s a Death Tax and you’ll be paying 30% tax on assets you purchased after already being taxed. Make it make sense.
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@_Checkmatey_ @7_jenkinson I've heard quite a few people say that it's just bringing CGT in line with standard taxation levels. They aren't accounting for the time some of these investments take to mature. Getting taxed at 30-47% in one financial year when holding for 10 years is not fair.
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If you try to save in cash and a bank account, it takes the median salary fourty years to save a deposit for the median home. You get destroyed by inflation and income tax.
To shorten that to a decade, you MUST invest, and take advantage of the 50% CGT.
If you're holding savings in cash for a decade, you have no idea how the game works, and have no chance of buying a home.
Source: myself, a young Australian whos been saving for a home for over a decade, and is still behind the curve.
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@Vmaximus009 @WonderbreadMMA Maybe it’s just because this is towards the end of her session, but those punches are crazy telegraphed. None are landing in a fight.
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@WonderbreadMMA Her punches look like they have power behind it.. It doesn't take much to get caught with a heavy 1-2 punch to knock out.. I am worried she will beat Gina.. I like Gina but Rhonda looks like she has been training really hard!
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Opposition leader Angus Taylor is promising, if elected, to index income tax scales to the inflation rate.
This is not a good idea.
For example, if inflation was 2.5%, the level at which a worker moves from a tax rate of 30% to 37% is lifted from $135,001 to $138,376. They are automatic income tax cuts in line with inflation.
If inflation is 5%, as it is not, that tax scale would rise from $135,001 to $141,751. A huge rise and a huge tax cut at a time when inflation is ripping along.
The problem with such a scheme is clearly that it is pro-cyclical.
In an era of high inflation and an overheating economy, the rise in the tax scales will be big which gives large income tax cuts to the workforce. This would see the policy working against the RBA's anti-inflationary stance in this example. Interest rates would be even higher as a result.
The proposal would make it much harder for the RBA to meets its inflation target and / or will require much greater volatility in interest rates as the RBA fights to offset the pro-cyclical nature of the the indexation of tax scales.
And it costs a fortune - a chunky $23 billion in 4 years.
youtube.com/watch?v=PaSZG2…
YouTube
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We’re closer to communism than we are to capitalism. If you don’t see it you’re probably a communist.
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It is obscene to tax a nurse's labor at 100% while giving a property hoarder a 50% CGT discount just for sitting on a weatherboard.
If your "wealth" depends on taxpayer-funded negative gearing to outbid families, you’re not an investor—you’re a beneficiary. #Budget2026 #auspol
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If tax policy is the fundamental issue for you when you are starting a business, perhaps stick to knitting ...
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@amandavanstone Is that really why you think they got a pasting? You need to get out more.
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@PeterCronau You absolute spastic. What is happening simultaneously in these western countries? You’re not an investigative journalists arsehole.
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The fact that such similar far rightwing parties are rising around the Western world at precisely the same time, suggests a level of coordination by foreign hands. abc.net.au/news/2026-05-1…
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@InterstellarBit @Ausproperty95 They’re changing the rules this year. It’s about to be incredibly difficult to escape taxation. Something like 3 years lock in, can’t spend more than 4 weeks in Oz per year. Cut all ties etc.
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@Ausproperty95 You don’t have to give up being Australian, you just give up living there full time.
You’re still a citizen (ie passport) just not a resident for tax purposes
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When CGT is raised in Australia, capital won’t actually leave the country.
Foreign investors already don’t pay Australian CGT generally.
Local capital can only leave if people give up being Australians. This will be done by very few.
What will happen is capital destruction.
Predominately in property but productive capital like business investment will also take a hit.
Class mobility will get much harder.
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@HowardFMaclean Yes bend over and don’t complain Australia. GFY Howard
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Our superannuation system was intended to ensure dignified retirements, not as a massively tax advantaged engine of inequality it's increasingly become today. People are crying about a 30% tax on large super balances when labour income is taxed at 47% marginal.
Jamie Coutts CMT@Jamie1Coutts
Young Australians should be enraged by the new super tax. The statist talking heads will tell you "it's only on balances above $3M. The rich." Most Aussies will fall for it. Run the numbers. 35yo today. $200k in super. Contributes $15k a year. Earns 8% returns (long run super average). In 30 years their balance is $3.7 million. Caught by the tax. But here's the trick. Australia's money supply has grown about 8% a year for the past two decades. RBA's own data. So that $3.7M buys what $369k buys today. Same groceries. Same house. Same petrol. You didn't get rich. You ran on the spot. And the $3M line? Frozen. In 30 years it only buys what $300k buys today. It's lost 90% of its real value. The govt doesn't have to move the line. Inflation does the work for them. No different from the obscene overreach on anti-money laundering rules. The $10k cash transaction threshold was set in 1988 and never moved. $10k then is $26k in today's money. Adjusted for money supply growth, it's $170k. Same threshold. Almost 3x more transactions caught by CPI, 17x by money supply. That's why you get interrogated at the bank for withdrawing what only covers half a year of school fees. Same trick with income tax. Wages rise with inflation. Brackets don't. Suddenly the average worker is in a "high earner" bracket they were never meant to be in. You don't earn more. The line moved. This one policy tells you everything you need to know about the government and its intentions. It's all about grift and theft. Meanwhile, the kids who get hit hardest are kept busy by an education system arguing about hate speech, social media, and the climate apocalypse promised in 2012. Nobody teaches them how money actually works. The govt likes it that way. So they vote for more taxes. Bigger govt. More "fairness." Pouring petrol on the fire burning their house down. The fix isn't communism. It's the opposite. Smaller govt. Lower taxes. Index every threshold to the actual money supply, not the CPI lie. Decentralise the banks. Despite everything, Australians are entrepreneurial and predominantly hardworking. Imagine what this country could become without the government's boot on its neck.
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@nunan_daniel @GeoffWilsonWAM These changes are an attack on capitalism. Unsurprising coming from economically illiterate socialists.
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@GeoffWilsonWAM Hang on Geoff, your past behaviour indicates that greed is your only focus. Your only interest is lining yours and your clients pockets and have no long term focus or interest in the betterment of this country, other than sustaining your own ego.
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Our focus is policy, not politics. Playing the ball not the man. Australia has a serious productivity and capital formation problem, and the leaked changes to the capital gains tax will make it worse. It is in essence a tax on productivity that raises revenue by punishing aspiration.
Sky News Australia@SkyNewsAust
Anthony Albanese has been humbled after launching a personal attack on a critic of the government’s planned capital gains tax changes. skynews.com.au/business/finan…
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@GeoffWilsonWAM These sort of attacks from politicians mean you’re right over the target. Good job Geoff.
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@GeoffWilsonWAM Classic vested-interest rhetoric dressed up as generational advocacy. Fund managers and politicians calling this a 'raid' are tone deaf to how broken the system feels to most people. Change is coming, Garry's Economics didn't get 2M subscribers by accident
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Theft from the next generation will be announced next week by @JEChalmers and @AlboMP. The @ausgov want to double the capital gains tax on long-term investments. This isn’t reform, it’s a brutal raid on every young Australian trying to build a better future.
Punishing success has never created prosperity. #LaborTaxRaid
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@TheIPA More lies from the fascist right wing in their continuing effort to unpatriotically inspire violence, incite hate and create division
Australia does NOT have a carbon tax
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“Fuel is the headline vulnerability we are facing.”
Australia imports most of its fuel. Now we are taxing what little we produce. And calling it progress.
Saxon Davidson in this IPA media release highlights how current policy settings are exposing Australia to serious fuel security risks.
Read more here: bit.ly/4mZvK7r
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@PeterMcCormack @ferafestiva23 This confusion is caused by Keynesians conflating supply/demand price changes with monetary inflation.
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@ferafestiva23 It wouldn’t. Inflation is a generalised increase in prices resulting from an expansion of the money supply.
An increase in minimum wage is a redistribution of money and its impact on prices will be uneven.
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I am genuinely terrified by the number of people who think that increasing the minimum wage (and by extension other wages as others would want pay rises too) by 18% wouldn’t cause inflation.
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my house is paid off.
no mortgage.
nothing owed.
got the new property tax bill today.
if i don’t pay it, armed men show up and take the house i “own.”
i already pay 35%+ in income tax, sales tax, gas tax, capital gains…
but apparently that wasn’t enough.
so do i actually own anything?
or am i just renting from the government with extra steps?
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