Ireallydontknow

JUST ANNOUNCED: The Australian Energy Regulator says electricity prices will fall by up to 10.7% for households and 20.9% for small businesses from July 1.

@JEChalmers Ill file that with all of Labors other promises.

@JohnLeFevre Are trees and green open spaces more important than polluting technology resource sinks whose primary function will be to catalogue and monitor people. Fuck YES. Glad you asked.

California almond farmers use 1.5 trillion gallons of water per year - 8x more than all US data centers combined. And golf courses use 500 billion gallons of water. This isn’t environmentalism; it’s propaganda. Are green fairways and almond exports more important than space exploration and cancer research?

@AlecStapp @CJHandmer When there is a food shortage yoi will find out how much a bag of carrots will be. Why are you computer types so willfully stupid?

@CJHandmer I like when we allocate resources to their highest value use and create rational incentives for economic actors

Chatted with a water resource economist at an event in California yesterday. The state’s water “shortage” really is one of the most unforced errors in policymaking. Key stats: - farmers use 80% of the developed water supply - residents use 20% - cities pay ~20x higher prices (!) for water than farmers (~$722/acre-foot vs ~$36/acre-foot) - some of the biggest agricultural districts in the state pay literally $0 for their water - meanwhile agriculture accounts for just ~2% of California’s economy It’s crazy that politicians tell residents to take shorter showers or get rid of their lawns instead of just charging farmers the market price for their water usage.

@realRick_AUS Its not an accident.

What the fuck is going on in South Australia?

@Potstirrer111 @pwafork Right, cause incorporated real estate investors dont want to invest in housing. They are just gonna leave homes empty and unsold. The bank contacted me to say im preapproved should I wish to add to the portfolio Outside crap units and apartments, falling prices are a wet dream

@pwafork Um yes? That’s exactly what will happen. Investors were the highest % of buyers since 2015 at 43%. If you lower that amount it means the other number of owner occupiers and first home buyers goes higher. Pretty basic maths

So now that all the nasty investors have been scared out of the market we should see massive auction clearance rates dominated by first homebuyers, yes?

@samstrades @linzcom You do understand that when the m+d investors leave the market houses wont sit empty. Corporate investors will move in and "write off" losses in the same manner. All this will do is shift investment ownership away from every day Australians and into larger corporate portfolios.

@linzcom disagree on NG, more consensus on this; CGT of 30%, yes, it's a political bomb

@SamKSS Factor in the reduction of people per home as well.

What a manipulation of statistics. Housing stock ‘16-‘26 grew from 9.9M to 11.5M. That’s 1.6M new homes (16%) Population grew from 23.8M to 27.7M. Increase of 3.9M people. 2.5X more people than new dwellings. Further, 10% of dwellings are unoccupied - holiday homes, city pads and bolt holes owned by foreigners. The 1.6M new dwellings is reduced to 1.44M actually occupied. So the alternative facts are: Population is growing 2.7X faster than occupied new homes.

@TheAusInstitute @GrogsGamut This is nonsense. Not benefit from CGT discount? So they were never going to invest, start s business, renovate a house? Propaganda. Unpolluted for statistically provable stupidity.

Future generations were never going to benefit from negative gearing and the CGT discount in the same way as boomers and Gen X. They were effectively locked out. 📺 Chief Economist Greg Jericho at the Senate Committee on Intergenerational Housing Inequity @GrogsGamut #auspol

@_tedK @Aquae_Sq @EnergyWrapAU Im reading out your responses to my wife and we are cracking ip laughing. This is multi tasking for me. You are blow hard little boy, who is so tied with hypocrisy he is bragging to an internet stranger how much he earns, without proof, and backs away when his bluff is called.

@Ireallydon9717 @Aquae_Sq @EnergyWrapAU Seek help. You're fighting with a random on the internet on a Sunday.

I fail to see the problem for one's income to be redistributed among your own family so the family keeps more of their own income. The actual problem here is this should be allowed without a trust. It should be the default setting.

@_tedK @Aquae_Sq @EnergyWrapAU It is of complete ease for me to cook my daughter pasta, clean the dishes, create the roster for the week and write messages banging heads with a numbskull like you. This is not difficult. Its amusing for me to see you wind yourself up in hypocrisy.

@_tedK @Aquae_Sq @EnergyWrapAU Oh, but you were bragging about how open you were with personal information on the internet. Suddenly being private is a good thing? See how you admonish me for one thing and then claim it as a virtue for yourself. Recognise your behaviour.

@Ireallydon9717 @Aquae_Sq @EnergyWrapAU "Post payslip otherwise you lose argument" is not something anyone with a high IQ would do.

@_tedK @Aquae_Sq @EnergyWrapAU If my wage bill is more than double your pay, you delete your account and fuck off forever. Do we have terms? If I lose, ill apologise and tell the world how fantastic you are.

@Ireallydon9717 @Aquae_Sq @EnergyWrapAU pot kettle black - you literally said you'd stop engaging but here you are as an anon you can make anything up - and you clearly live in a weird delusional world. the child is you buddy.

@_tedK @Aquae_Sq @EnergyWrapAU I tell you what. Post your pay slip, information redacted of course, and ill post my bi weekly wage bill, information redacted. Ill show that my employee only bill, contractor not included, average over $40k a month. Go on big boy. DM me and we can keep it off the internet.

@_tedK @Aquae_Sq @EnergyWrapAU Bragging about putting personal info on the internet....hahahaha

@_tedK @Aquae_Sq @EnergyWrapAU The govt changes wont touch someone like me, but it will smash the younger generation. The pathways I trod to build wealth are being eroded and you are cheering. You are so filled with envy of those who earn more your cheering on your own destruction. Its quite astonishing.

@_tedK @Aquae_Sq @EnergyWrapAU Its enjoyable for me. The fact is I hire and fire people like you. You puff up and make your own unverified claims of but cant see the hypocrisy. You STILL haven't addresses the 6yr cgt rule and hiw it makes these changes only apply to the younger generation.

@oliverjanik @parmaus @Sauronlordking @Mooby_Doo I want people to make their own money, set their own standard of living and support themselves. Corporations that do billions of dollars of sales that pay a lower tax rate than ordinary people is wrong. ia.acs.org.au/article/2024/h…

@Ireallydon9717 @parmaus @Sauronlordking @Mooby_Doo I didn't say it was stupid to invest in shares. I said it's stupid to have tax benefits for this type of investment.

Imagine if you were a young person. You're saving up for a house. A rich uncle dies and leaves you a 100 thousand dollar share portfolio. Under the new CGT arrangements ,the government will get at least 30 thousand dollars. Imagine if these blood suckers bring in death duties. There won't be much money left for a house deposit.

@oliverjanik @parmaus @Sauronlordking @Mooby_Doo Then we agree to disagree. I fundamentally oppose the taxation of the regular person getting ahead by any investment structure when the multinational corps off shore revenue and profits and government spends it so ineffectively.