Giles Watch (formerly ShmiraSoft)

@rationalaussie There's really just two classes - wage earners at one end, politicians, celebrities and house flippers at the other.

The new middle class is $300k household income

@rationalaussie In Australia you need to earn 5x the average wage to get approved for a 30-year 95% leverage mortgage to buy the average house

@rationalaussie One hundo. 99% of people that derive their income from PAYG are working class. Income tax is too high, property has been gamified by investors to enrich themselves, the place is a fucken zoo.

I find it almost hilarious that people say 'tax the rich' and their idea of rich is someone earning like $200k. Brother, that doesn't even buy you a dogbox anymore. And if you understood how hard these jobs at the top are, there's not a chance in hell you'd recommend taxing them more

@AngusTaylorMP Hard work like what? Property investment? Meanwhile real wages declined for the entire 9 years of the LNPs last run. You wish Australians were stupid enough to believe you. The LNP have shown their true colours Angus, pack it in and go work in resources.

In order for a game theoretic bet to actually pay off, one has to find the Nash Equilibrium, i.e. anticipate the actions of a rational adversary. Whether or not the ALP make it out the other side is basically an IQ test for the population.

The ALP have made a game theoretic bet. The number people who stand to benefit from their proposed changes mean that if everyone voted purely on self interest, they're a shoe-in. The LNPs response is naturally to try and convince people that they don't stand to benefit.

@MarkoMatvikov "crushing aspirations" 🎻🥺 What about the aspirations of people who just want to buy a home to live in? They need to get involved in the squid game of investing? The logical conclusion becomes every person in the country must gamble to afford a loan. Moronic.

> A lifetime outside the private sector > Decades of passive property investment > Now crushing aspiration from The Lodge The ultimate trifecta of unproductive.

@Potstirrer111 Christ. I don't even blame them tbh. They do this goofy visa dance bc the government and migration agents dangle the student-to-PR path only to send them packing. And if we as a country can't make productive use of a capable adult human, then surely we are the real retards.

Fuck me just send these people home. How did they get approved in the first place.

@TJJohns24849083 @DrewPavlou Haha doubling up on the "your wife" calls, nice. Fuck it go for three I reckon, we're riffing with the best here.

@jsmith_dev @Potstirrer111 Yep which will mean that property is less desirable as an investment, lowering demand from investors and clearing the way for first home buyers.

@GeoffWilsonWAM No thanks - you and your clients can pay tax at the same rate as income on your seedy "asset management".

Great nations encourage people to take risks, build businesses, invest for the future and create wealth. Weak nations tax those behaviours until they disappear. Australia is at a crossroads. Sign the petition to protect aspiration, investment and opportunity.

@TimWilsonMP Those small business owners must be petrified having you in their corner. If you do as good of a job as you did last time you were in government you'll achieve nothing. Have you offered a single idea to fix the current system? Beyond "raid super for housing"?

@Potstirrer111 Same, I'm usually $50 out of pocket to spend 15 minutes with a 25 yr old who asks me if I want to see a specialist or not.

@TJJohns24849083 @DrewPavlou I don't reveal my identity online, that doesn't change the fact that you're a parasite, you just had no leg to stand on and lashed out like a child. Go invest in something useful for your family 🥺

@GilesWatch @DrewPavlou Like your wife when she sees you naked bitch boy. Try posting a real photo and not hide behind cartoon characters like your comments.

These “property investor” idiots are scum. They add nothing to the economy, they aren’t building anything. They are just parasitic leaches extracting rents

@TJJohns24849083 @DrewPavlou I don't envy parasites, I pity them.

@GilesWatch @DrewPavlou Don’t be jealous fuckwit

@DTealy1 @DrewPavlou Yes demand from immigrants = bad, demand from investors driven by absurd tax offsets that exist nowhere else = good. I'm all for lowering immigration but I'll take them over property investors every day of the week.

@GilesWatch @DrewPavlou Mass migration has pushed up property prices by increasing demand And new dwellings have mostly been 1 and 2 BR apartments, not houses, so while new property supply has been low, the statistic for new bedrooms is worse

@DTealy1 @DrewPavlou Yes the beneficiary is the tenant as long as you can't see further than your nose. Should the tenant like to purchase a home however, they stop being a beneficiary, don't they Mr. Economics? Because the property prices have been inflated by useless parasites.

Investors are coming to terms with the reality. Just like when the government introduced the Ute Tax and the tax passed on to the price of a new car, landlords are already passing on the new taxes with much higher rent reviews If you studied economics you would understand the beneficiary of NG is the tenant

@DTealy1 @DrewPavlou The changes haven't been implemented yet and it takes time for investors to come to terms with the new reality, as we can see playing out right now. They're all reeling and lashing out, threatening to increase rents in retaliation like the cartoon villains they are.

@TJJohns24849083 @DrewPavlou "bit more for their families" come off it leech

@DrewPavlou The government did this, not the investors who wanted a bit more for their families

@DTealy1 @DrewPavlou If you remove all investor demand, the cost of housing becomes affordable for renters. Job done.

So if there are no property investors, which you appear to desire, what can renters rent? Do you want all housing to be government supplied like USSR? Of course rents will go up. Name an industry where the prices don’t go up when government adds costs? Eg Ute Tax. Gov increased taxes, prices went up Property is no different