Greg Huggett

3.8K posts

Greg Huggett

Greg Huggett

@GregHuggett

Katılım Temmuz 2010
672 Takip Edilen209 Takipçiler
Gen X
Gen X@franlinferter·
@Potstirrer111 Yeah we’ll watch rent go up 10 fold to positive gear properties
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Sparky777
Sparky777@Potstirrer111·
Lessss go! Finally the end to negative gearing
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Jim Chalmers MP
Jim Chalmers MP@JEChalmers·
This is the most important and ambitious Budget in decades. Important because the world is throwing a lot at us – and this Budget is about helping Australia deal with these challenges. And ambitious because we have so much going for us – and this Budget is about Australia seizing those opportunities. This Budget is ambitious in the face of adversity. It’s a responsible Budget, and a reforming Budget, which builds resilience and bolsters our economy. There is more cost of living relief, more Medicare and more aged care, and more housing. It makes the tax system fairer and stronger for workers, businesses, first home buyers and future generations – Responding to the pressures of the here-and-now while embracing our intergenerational responsibilities. We are responding to the biggest oil shock in history with a comprehensive $14.8 billion plan to secure more fuel, strengthen our supply chains, build resilience, and take the sting out of prices. Immediate relief from the fuel crisis is coupled with lasting and responsible cost of living measures. Tonight, we are proud to be delivering another round of ongoing tax cuts for Australian workers. We will put more money into the pockets of 13.3 million workers with a new $250 Working Australians Tax Offset. It will begin from the second half of 2027 and be paid each year, ongoing and automatically in your tax return just like the instant deduction we’re rolling out as well. The $6.4 billion tax offset is the biggest cost of living measure in this Budget – But it’s not all we’re doing to support families under pressure. As a Labor government, we will always invest in Medicare, cheaper medicines and public health so Australians get the care they need, when they need it. Australia’s longstanding housing shortage is making homes unaffordable. This challenge hits young workers and families hard and we’re addressing it from every responsible angle. The reforms in this Budget will lift our total investment in housing to a record $47 billion. We’re levelling the playing field for first home buyers with 5 per cent deposits and tax reform to help more young Australians into their own home. These housing reforms go to the core of our Budget strategy. Dealing with the very real pressures on people right now – While taking responsibility for the challenges facing the next generations. The challenges coming at us, the opportunities ahead of us and the better future that Australians deserve, will not wait for a time when all is quiet in the world. That’s why this Budget invests in resilience and reform, to grow our economy the right way and lift living standards over time. This productivity package will help us attract and absorb more investment, make it easier and quicker to build, and slash compliance costs. This Budget includes the most significant tax reform package in more than a quarter of a century. This is about tax relief and tax reform to make our economy work for more Australians, businesses and future generations. We’re delivering a fairer tax system for workers, first home buyers and young people. We’re building a better tax system for businesses, with over $3.5 billion in new measures that lower taxes, to encourage investment and innovation. Our tax reforms will help workers, create a fairer housing market, and drive more productive investment across our economy. Debt is lower and the budget position is stronger in every year of the medium term because of our savings. The medium-term budget position is much stronger and more sustainable as a consequence, creating more room for future tax relief. Against a backdrop of global uncertainty, this Budget invests in Australia’s resilience, economic sovereignty and national security. At a time when Australians are under pressure, this Budget delivers more help with the cost of living and new tax cuts for workers. And in an era where people feel like the system no longer works for them, this Budget doesn’t just acknowledge that – it acts on it. No other budget in the 2000s has set out this much responsible Budget repair and this much economic reform. These are difficult decisions to ensure a stronger bottom line every year, to give us greater insurance in uncertain times. At the same time as we build a more resilient, productive and competitive economy. This is a strategy which helps shield people from the harshest consequences of a global oil crisis – Stabilises our economy and our Budget at a time of extreme uncertainty and volatility in the world – And strengthens Australia for the next shock. Tonight, we choose the hard road of reform, not the path of least resistance. By responding to the pressures Australians confront today. And fulfilling our obligations and responsibilities to the generations to come.
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Mike Punko
Mike Punko@MikePunko·
@Kristinartz It's 65 because most haven't fully contributed to the fund yet get to withdraw the full benefits. Change it so you get back what you put in. Than you can retire at any age of which you have the funds saved up for.
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Kristina Bolten
Kristina Bolten@Kristinartz·
Retirement age should be 50. People deserve time to live, not just work until they're too tired to enjoy it. Agree?
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Greg Huggett
Greg Huggett@GregHuggett·
@Kristinartz It should start 50 years after you start work. Why does someone who doesn’t start work until there 25 get to retire as someone who started 5 to y years earlier
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Zayn
Zayn@Zaynnode·
@BillWiIdin Honestly, I feel way more productive at home because I’m not losing two hours to a commute every day.
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Bill
Bill@BillWiIdin·
If you work from home, you shouldn't get a full salary since you're basically Babysitting your own life on company time. If you have time to start a load of laundry between meetings, you’re technically a part-time employee.
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Alex Costanzagram
Alex Costanzagram@atc6955·
The problem with socialists is they always eventually run out of Other People’s Money and demand more. Any Aussie business owner who can offshore their business and move overseas should 100% do this immediately.
Alex Costanzagram tweet media
christopher joye@cjoye

The single biggest winner from the budget: the tax-free owner-occupied home, which is where people will put their money. After the budget doubles the capital gains tax on productive businesses/assets from circa 23.5% to 46-47%, investors will understandably pull money from businesses, shares, commercial property and rental housing and plough it into their tax-free owner-occupied home. It's a great way to push up the prices of these houses. On the other hand, cutting negative gearing while also doubling CGT makes investing in rental properties extremely unattractive. It hammers the capital gain upside on any asset: shares, commercial property, the small or medium sized business you built, venture capital and private equity. It will give Australia the most unattractive capital gains tax in the WORLD (see table below)! So the government's policies will (1) push up owner-occupied house prices, (2) push up rents, and (3) reduce the capital available for investing in any small, medium or large sized business that is driving employment, innovation, growth and productivity/prosperity. Investors will go to other countries where they pay half the capital gains tax, or less. Since these pollies have never worked a day of their lives in the private sector, it is no surprise that when they decide to completely and unilaterally rewrite the entire tax system for all investors and businesses -- after promising before the last election more than 50 times NOT to change the capital gains tax and negative gearing rules -- that they would blow the entire Aussie economy up... Your best bet will be to buy a house, live in it, and hope they keep dropping 500,000 new people into the country every year to pump-up prices...

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useless
useless@useless_SC·
@GregHuggett @al_supercoach Well no mate the evidence shows the taking of the legs. Like I said but clearly none of you lot can read I don’t agree with the rule but it should have been a Richmond free kick
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Al Paton
Al Paton@al_supercoach·
Josh Rachele pulls out the hang up the phone goal celebration after sealing a scrappy win against the 18th placed team with 27 fit players. I might suggest concentrating on lifting that supercoach average, Josh.
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TaraBull
TaraBull@TaraBull·
"If you can't afford to tip, you can't afford to dine out." Thoughts?
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Tokyo
Tokyo@otokyo__·
What's wrong with this picture
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useless
useless@useless_SC·
@al_supercoach After taking the knees. Rolling around like he’d been shot and somehow getting the free kick (I don’t agree contact below the knees should be a free but it’s the rule so why wasn’t it paid)
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Tokyo
Tokyo@otokyo__·
NAME one
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Roller
Roller@roller2426·
Went to dinner at Glen Waverley last night. Not kidding you... 95% Asian. Was overwhelming. While you have been busy living your life.. the traditional Australian has been systematically replaced. Not racist. Just facts. The new Australia.
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Chris
Chris@pappas08·
@mikeyy__g Did you not see the first half moron, couldn’t touch you without you getting a free kick. Bunch of spuds you are
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m@mikeyy__g·
Holy shit adelaide is an embarassing club, a bunch of spuds all playing for frees 🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂😂😂☠️🤡 #AFLTigersCrows
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Greg Huggett
Greg Huggett@GregHuggett·
@trimbowlme And the AO is losing money. Have a guess who will pay for it.
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Fresh PrinceofBelair
Fresh PrinceofBelair@trimbowlme·
34k for a Friday night game. Port should never play a prime time game again. Supporters dont show up. Pathetic effort.
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Greg Huggett
Greg Huggett@GregHuggett·
@pr0tftw @Sheeds1984 A bipartisan front requires a shared reality. The pricing is steep but AFC supporters have the liquidity to absorb the cost which explains the long queues. Enjoy the walk up service at the next Port game because I am sure the lack of demand makes the bar very efficient.
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Biscotti Hodges
Biscotti Hodges@pr0tftw·
@GregHuggett @Sheeds1984 Only in South Australia would a bipartisan front about the extortionist prices the punters get charged for a pint at Adelaide Oval be spurned for the usual dickmeasuring contest about crowd sizes lol
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Liam Sheedy
Liam Sheedy@Sheeds1984·
Noticed at the footy last night how empty the bar lines were in my vicinity and have been all year. I reckon if Adelaide Oval made some basic concessions on prices they might be pleasantly surprised with sales and profit. But I’m just an attendee with a business economics degree
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Greg Huggett
Greg Huggett@GregHuggett·
@Sheeds1984 I didn’t say delighted I only pointed out that the queues were long Like most AFC games
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Liam Sheedy
Liam Sheedy@Sheeds1984·
@GregHuggett I guess the prices are great and consumers are delighted based on your evidence from last week. No room to move, profit is being maximised and I was wrong to pose the question. 😊
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Paccyy
Paccyy@PaccyAus·
@flag_crows Who wants to go to the footy with their kids at 7.40pm.. 33k for such a late game is really not that bad
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Crows Daily
Crows Daily@flag_crows·
33000 supporters at tonight's game, Port fans checked out already?
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fooki
fooki@onecomet64·
@GregHuggett @flag_crows Passionate supporters not wine drinking corporate wankers .. I’ve been to crows games and let me tell you 33 k port fans are louder than 59k crows fans
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fooki
fooki@onecomet64·
@flag_crows Cause having 50,000 at crows games means your club is amazing.. must at crows games are corporate wankers wanting to b seen .. it’s about quality not quantity
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