
Lale
491 posts

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This is crazy: the federal government is using all the NDIS savings and almost all the NDIS savings + tax increases to pay itself due to a massive $19.6 billion cost blow-out on the bureaucracy over the next four years compared to forecasts in last year’s budget.
Put another way, over the four overlapping Budget years from 2025–26 to 2028–29, the government has increased the cost of running the bureaucracy by $19.6bn — enough to consume virtually all (99%) of the $19.8bn in NDIS savings it claims, 93% of those savings plus its negative-gearing/CGT tax grab, and 14.5 times the property/investor tax increase itself...
"The average staffing level increases from 215,900 this year to 217,300 in 2026-27. Since the Albanese government came to power in 2022, the size of the public service has ballooned by a quarter."
afr.com/policy/economy…
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@NicholasKWolf @mikjcal Pensioners are exempt from new minimum 30% CGT rules.
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While accounts frame CGT changes to shares as "yay taxing the rich," 69% of micro-investing app users are Gen Z & Millennials.
These aren't elites they’re everyday people using micro-investing apps like Raiz, CommSec Pocket, and Pearler to buy ETFs to build wealth for things like house deposits because they’ve been priced out of everything else.
An estimated 2.2M to 3M Australians now use these "spare change" apps as their primary way to build wealth. According to Finder, 63% of Gen Z and 49% of Millennials who are currently investing have identified a home deposit as the primary financial goal.
Oh well… a punch in the face to the one easily accessible way young people had available to build wealth.
But sure, billionaires something something... 🫠🫠
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@AlboMP I’m young Australian with kids, working hard, pay 43% tax, no eating out nor vacations so I can save some money invent in share and save up for deposit. Now you are gonna tax me again 30% for little return I get from the share regardless the amount. How is this helping me?
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@sjwill99 @DrCameronMurray @AvidCommentator God forbid you work hard, save up( never eat out, no vacation), take the high risk invest your already taxed hard earned money to get a tiny bit of return if get lucky, and get taxed another 30% regardless the amount. How is this helping me the young family own a place to live?
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@sjwill99 @DrCameronMurray @AvidCommentator I already paid 45% tax for my worker income money that I use to buy share. How many times do you want to tax me?
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@Habiboglu2022 @GeoffWilsonWAM @paxtherock Tell me you have no details without telling me you have no details... Hitting all the hot button words there without providing anything. Next...
@GeoffWilsonWAM where's your details on what spending to slash...
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Theft from aspirational Australians will be delivered in the budget next week. Young Aussie puts in $10k, compounds at 15% for 50 years → $10.84 million.
Inflation-indexed cost base: just $44k. Current CGT: $2.63M tax.
Labor’s new proposal: $5.23M tax.
They want to seize HALF your life’s work.
This isn’t tax reform — it’s theft from aspirational Australia.
Stop punishing success. #TaxRaid #AussieDreamKiller
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@nicmarc @GeoffWilsonWAM @paxtherock Slash spending , start with government waste, corruption, well known NDIS fraud( tighten regulations, auditing , punishment) . Making wasting , misuse tax money a heinous crime.
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@GeoffWilsonWAM @paxtherock Slash spending from where Geoff? Health? Education? Infrastructure? Defence?
Very specific on what you hate but lacking in details of your solutions.
Surely you’re not pulling the ladder up behind you?
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@paulsaladinomd I have been consuming 4-6 whole raw eggs daily for the past year, blended with raw milk and raw honey
This is a pysop
Read those studies and you will realize this is retarded.
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@Habiboglu2022 @GutOptimized Btw you mention antihistamine vitamins? Which specific vitamins helped?
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Chronic sinusitis is fungal. We’ve known that for a long time. But apparently you can also just hum to get it under control.
David Daines@daviddorg
WOAH. Strong humming 1h x 4 days in a row may eliminate sinusitis permanently. Just did my first hour Observations: - Nasal passages are wide open - Voice sounds much clearer Only 10min / day is required for maintenance Thank you to @breath_Guy for sharing the case report
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@neharai @GutOptimized I never had one, but two of friends who had, they had to have surgery.
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