Interstellar Bitcoin

One cannot save for a house in cash and income, because your government inflates and taxes it away. Thus we must save in assets like shares and ETFs, which also helps grow Australian businesses. This budget effectively doubles the tax on those assets, which ironically makes it even harder for us to save for the home. Impressively, you've managed to pitch a solution which purports to help young people, but instead it literally kicks the rungs out of the ladder which is required to even get onto the first rung of the housing ladder. I wish I was surprised.

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.