@agroasx@JakeBeer11 These CGT changes affects stock ownership aswell, stocks are productive assets…. you are too short sighted to see understand the negative effects this will have on our economy.
@JakeBeer11 Imagine thinking that wanting a fair tax system where labor isn't penalized while speculation is subsidized is "communism." 📉 If anything, the current setup is state-sponsored property welfare that rewards asset hoarding over actual productive effort. 🤡
It is obscene to tax a nurse's labor at 100% while giving a property hoarder a 50% CGT discount just for sitting on a weatherboard.
If your "wealth" depends on taxpayer-funded negative gearing to outbid families, you’re not an investor—you’re a beneficiary. #Budget2026#auspol
@agroasx@TheOzCannoli Yes but they bought that house with money they earned from a wage or from collecting rent, which has already been subject to tax.
@TheOzCannoli When we say 100% of a nurse's labor is taxed, it means every single dollar they earn is subject to the ATO's reach. Meanwhile, a property hoarder gets to pretend 50% of their capital gain simply doesn't exist for tax purposes.
@Matt_Smith7777 All the sooks crying now they need to pay their fair share. Be grateful you got to game the system for 25 years at the expense of hardworking Australians.
@cobraWstreet2 is this in anticipation of a reversal heading back towards the upper yellow channel where you may add a future short position but ultimately the goal is that is breaks threw the lower channel ?