Justin Ghaddab

@BonnieLerino123 @PollBludger Hardly . Read some history. You might learn something. And if you need a more recent example of this not working without reducing immigration have a look at New Zealand.

@JLJGGGG @PollBludger Welcome to Gina's BOT farm member.

After a week of "young Australians are turning on Chalmers' budget" (as per News Corp today), the first actual poll finding: 41-27 in favour of negative gearing changes, 38-26 on CGT. The AFR's headline? "Labor’s housing revamp fails to convince voters" afr.com/politics/feder…

@BonkiumMaximus @hughriminton @FinancialReview Bingo

@JLJGGGG @hughriminton @FinancialReview What you are arguing for? -No salary -No leave -Working 90 hour p/w Sounds like a business owner who doesn't understand a cost-benefit analysis. Otherwise they'd close their failing business & get a salaried job Haven't even argued the OP, just ranted about bad business owners

Hundreds of thousands of Australians use discretionary trusts “to reduce tax” - says the @financialreview - unwittingly doing the govt’s job of selling a key element of the budget.

@BonkiumMaximus @hughriminton @FinancialReview Profits are not guaranteed. A salary is.

@JLJGGGG @hughriminton @FinancialReview Profits are their earnings then? Sounds like you are justifying a choice... if the negatives outweigh the benefits then you have to wonder why people choose to run their own business You literally arguing against being a small business owner... so spectacular own goal

@BonkiumMaximus @hughriminton @FinancialReview No most are not paid a salary. They may get the profits after everything and everyone are paid. So not holiday no bereavement no illness no days in lieu. Just hard work.

@JLJGGGG @hughriminton @FinancialReview They are paid a salary... just depends on how they structure it... otherwise they are volunteering for a charity What a stupid claim

@Commoncents21 You don't understand how a trust works. You still pay tax.

Well a 21yo working university student pays their fair share of tax but a privileged 21 yr old working university student tucked under a trust, pays zero tax or very little tax. Most unfair. Thanks Hugh and AFR. 👏

@MisinfoFact What's wrong with wanting to stay rich? Home ownership is earnt. We should all aspire to be as wealthy in finance and family as can be and not think the government will give it to us. They certainly will take it away....

People wanting to stay rich at everyone else’s expense are suddenly doing it tough. Meanwhile, younger people might actually have a shot at owning a house again. Sounds pretty good to me.

@budzw @securitron_eth @Ben_Davison1 You may think business owners are all millionaires with endless amounts of cash. It's simply not the case. What you ought to do is start a business in your area of expertise and you will quickly understand the implications of this budget.

@securitron_eth @JLJGGGG @Ben_Davison1 Why should the trust rule changes impact how they run their business at all?

Old white make boomer admits that trusts are used to cheat the rest of us The trust doesn’t “earn” $180,000. Someone made decisions, took actions & did something to earn that money The trust is just a vehicle to launder the money to three people instead of one Overdue change

@budzw @securitron_eth @Ben_Davison1 It reduces the income significantly for business owners. Which means they are less likely to take a risk on creating businesses and thus less employment opportunities.

@biton_simon @colonelhogans And milk it relentlessly with taxes whilst it operates.

@colonelhogans They aren't handouts but an economic tiny ant like yourself clearly doesn't understand how it works. But yes you invest your money and time in a business now and the government does nothing yet take 47% of it when you sell your hard work and give it to unskilled immigrants.

“The handouts must stop” scream the LNP and One Nation. Except when the handout is for someone buying their seventh house or a handout for franking credits. What utter garbage.

@AshPolitik And in the process punishing small businesses throughout the country that "work harder" every day just to fund labor's spending spree!

A system that taxes work harder than it taxes wealth, is not fair system. Rebalance housing and tax rules so young workers get a fairer shot at stability and affordability is great aim to have for a nation we call the lucky country. Let's regain that luck back.

@belinduhpyne Keating and Hawke sold qantas and the comm bank no?

THEY FUCKING SOLD EVERYTHING! And now all those public assets that they sold off now rake in billions for the private owners. The housing crisis exists because of Howard.

@Potstirrer111 The labor government did remove NG in 1985. Guess what? rents went up and the same government returned negative gearing in 1987.

Lessss go! Finally the end to negative gearing

@AlboMP Except for the hard working small business owners. ..

We’re making sure hard work pays off and everyone has the opportunity to get ahead. Giving young Australians a fair go at buying their first home. And putting more money in your pocket with tax cuts. Our Budget delivers for you.

@TheKouk Tax policy is absolutely a fundamental issue for business. It won't halt starting one but it definitely has massive implications.

If tax policy is the fundamental issue for you when you are starting a business, perhaps stick to knitting ...

@JEChalmers It does not make it stronger for businesses 😭😭. Quite the opposite

Our Budget makes the tax system fairer and stronger for workers, businesses, first home buyers and future generations. We're responding to the pressures of the here-and-now while embracing our intergenerational responsibilities.

@Ben_Davison1 Nonsense it's a small business killer. Whilst it may make sense for housing it doesn't make any sense for business ownership.

80% of Capital Gains Tax discount benefits the wealthiest 10% of people That means 90% of us have been subsidising the wealthiest people to turn our homes into unproductive tax write offs Labor’s budget is trying to fix this inequity

@AlboMP When you punish those that work hard through higher taxes and hand it over to the ones that mooch of the government through various schemes. And you wonder why there is a budget catastrophe and a productivity problem🫣🙃.

We're building an Australia where hard work pays off and everyone has the opportunity to get ahead. Here in Western Sydney, and right across Australia. Great to speak to the Future Western Sydney forum this morning.