@mumbletwits If you buy a plant from a garden centre, plant it, water it, and nurture it, do you then expect the garden centre to come and claim half your fruit when it blooms?
I don’t really get the argument that CGT means double taxing because the money invested has already (usually) been taxed.
That money invested isn’t taxed by CGT, only the increase from that is.
@Ernest1558161@AvidCommentator I think that if that happens, taxpayer funds are given to the bank to move the loans back to being non-negative. Mortgage insurance requirements are waived because tax serfs are the insurance in this case. Nothing against the Aussies taking advantage of it but it's poor policy.
@AvidCommentator 5% deposit if houses go down say 10% you won’t be able to move your mortgage , you are stuck with who you have that loan with, banks could move rates higher and nothing you can do about it
I suspect this brag posted by Albo could ring quite differently in a year or two.
The government never should have been playing with 5% deposits in a massively overvalued market.
@AvidCommentator Yes, many of them their first home in Australia also. Cheers to we taxpayers for being on the hook to help out if any of these loans go into negative equity. Similarly structured "subprime" loans helped millions of Americans get mortgages from 2004 - 2008 also.
@FinancialReview Because the modelling assumes that people will go bankrupt, shutter their business because it's unviable or leave the country? Or because @JEChalmers said to the Treasury staff "I don't care how you do it, make it show only a modest increase or else..."
Jim Chalmers has released Treasury analysis showing that the average tax rate on capital gains will only increase modestly over the next decade. ebx.sh/0p7SyR
@DartanyanEight@ScooterCasterNY I think that if you step out of your car onto a street you would logically expect there to be a pavement under your feet. But great victim blaming.
@ScooterCasterNY Looking down and staring at the phone I bet you !!!!
People are oblivious now a days cause of the fucking phone. Just brain dead and not paying attention.
BREAKING: Woman Dies After Falling Into Open Manhole in Midtown Manhattan
11:30 p.m. | E. 52nd St. & 5th Ave.
Woman reportedly stepped out of her vehicle and plunged into the hole.
Emergency crews rushed her to hospital, but she was pronounced dead.
Video by Dakota Santiago | Licensing @FreedomNTV Desk@freedomnews.tv
@leighjasper Too true especially when you factor in the crazy costs of power and real estate. Labor's policy would be brilliant if their express purpose was to killing existing innovation and make sure that new start-ups and innovators would not in fact start or be based here.
Ambitious founders want to have a crack. Let’s make sure they have a crack here, in Australia.
Capital and founders are mobile.
Doubling capital gains tax gives Australia the highest founder, employee and investor equity tax in the world.
The signal to ambitious founders is unambiguous: build it somewhere else.
Atlassian, Canva, Airwallex, Employment Hero, Aconex were not founded by tax planners… they were founded by people willing to take a decade of personal risk for a shot at building something meaningful.
We need to encourage innovation and risk taking. This policy will do the opposite.
I’m worried this policy will kill the next wave of startups, and job creation this country desperately needs.
@AlboMP You could also cut costs - politician perks, rorts & excessive numbers of staff, audit welfare spending so it goes to deserving people not ticket clippers and crims + lower immigration to a sustainable level. This would help Australia's debt and housing availability.
From an empty lot into hundreds of apartments with the best view over Perth.
We’ve been busy transforming sites like this into the social and affordable homes Australians need.
Our Housing Australia Future Fund, Build to Rent scheme and National Housing Accord are making a difference. But there’s more to do.
We’re making sure property investor tax breaks can only be used to build new homes.
And we’re creating a new fund to build the power, water and roads needed for more housing.
Because every new home means more opportunity, more security, and more Australians getting the keys to a place of their own.
@Jazzyy_rosee I requested an interpreter during an Optus call be as I genuinely could not understand two people in a row and was transferred to a guy named Gaz who said "gidday, how can I help?" Was fab.
I spoke to telstra today, on asking to speak to someone with the same Anglo Celtic background, I got spoken to rudely.
I am not an Indian, I want to talk to my own race. Everyone else can. Why not me?
@keno_ako@JonnyRoot_ And you're basing your dismissal on Chat GPT. There are primary texts from the era that suggest she was real, although possibly abducted more for political reasons than her beauty.
No, Helen of Troy was not a real historical person. According to historians and archaeologists, she belongs strictly to the realm of Greek mythology and fiction. While the ancient city of Troy itself has been proven to exist in modern-day Turkey, there is no historical or archaeological evidence that a Spartan queen named Helen ever lived, let how her elopement or abduction caused a massive ten-year war.
You cunts are all riled up over a fictional character.
Just watched 60 Minutes ft. “The Odyssey” dir. Christopher Nolan
He’s so meticulous & cares a lot about his legacy.
That’s why it’s mind-blowing he’s race-swapping characters, bowing down to the DEI agenda, & dumbing down dialogue.
He’s better than this
@JonnyRoot_ I feel sorry for him. Somehow he's thought the casting and language adaptation is a magnificent idea or been talked into it and now that there is a poor early reception to the whole concept, he's been sent out to hustle.
@Ryandally08 Next level gaslighting here from Tony Burke: the concerns raised are not about whether such people are "worthy" but that they could be a security risk to Australians or so beholden to an ideology that they will not/can not embrace contemporary Australian values.
#BREAKING Tony Burke says that recently arrived immigrants from communist and non democratic nations are not “less worthy”
He goes on to call them “proud Australians” and say Angus Taylor’s plans to stop immigration from these nations is “un Australian”
He seems blissfully unaware that Lakemba, Australia is now a “no go zone” for white Australians.
Auction after auction, young people are lining up and losing out to property investors with an unfair advantage.
We're changing property investor tax breaks to give first home buyers a fair go.
@ausstockchick Even if it did, the sheer incoming numbers of new Australians would undo that chance. And it's not their fault - they probably have no idea how poorly the country is managed and they're just seeking a better life.
The budget gives people ‘a real crack’ at home ownership says Albo.
What I’m finding somewhat entertaining and also a little bit sad is how many people on here genuinely believe that.
It’s like how many times do you put your hand in a fire and realise you get burnt.
Like repeatedly?
#auspol
@JEChalmers Leaving aside the existing housing shortage, you've said your govt will bring in 2 million more people to live here by 2028. Can you please tell us where the other 1,950,000 should live? Assume more builders will be going bust as they have been each wk since 2022
BREAKING: We’ve signed a deal which means an extra 50k homes in Qld.
20k of these homes will be built for first homebuyers.
Building more homes and making more of those homes available for first homebuyers is what this Budget is all about.
We’re building more homes right across the country, like these 100 new homes ready to go here in Prospect.
But we know more supply is only part of the answer.
That’s why we’re changing unfair tax breaks for investors to make the housing system better for first home buyers.
And helping more Australians buy a home with just a 5% deposit.
Because if you work hard and save, you should have a fair go at owning a home.
Imagine a business that automatically jacked up its rates every year for a so-so product & let billions leak via mismanagement, duplication, ridiculous benefits for unfireable staff, waste, fraud, corruption, and business class travel for execs’ families. What would happen to it?
@BenFordhamLive He does not have a trust problem. Anthony Albanese is untrustworthy. And as you know, the rot starts at the top. I have not believed a single word they say since the electricity becoming cheaper lie.
Anthony Albanese has a trust problem.
Aussies have lost faith in the PM.
It comes after he broke promises in the budget.
Listen to the details HERE.
🎧omny.fm/shows/ben-ford…🎧
@strangerous10 This would make sense if the people with these assets had not built or purchased them with money they'd already paid tax on and in the case of businesses, invested countless unpaid or underpaid hours with no sick pay or safety net.
For Sunrise viewers who couldn’t hear Tanya Plibersek over Nat Barr & Barnaby Joyce’s constant interruptions, what she said was
“Those who work for a living should not get taxed more on their wages than ppl who are living on their assets”✅
Hard to argue with that. #auspol
@Ryandally08 unless the government can account for every day of their schedules since ISIS was defeated, there is every chance they have been recruited and trained by more sophisticated adversaries. Why is the govt putting their comfort before the safety of Australians?
#BREAKING ISIS brides who return to Australia from Syria will bizarrely not be forced to undergo deradicalisation programs.
It comes after recent revelations that Zahra Ahmed, 33, the only IS terrorist woman to touch down in Melbourne earlier this month without being charged, will not be forced to undertake reintegration programs.
In a bizarre development, the Albanese Government has said that the seven remaining ISIS terrorists still in Syria, who will likely to attempt to return to Australia in the coming months, will not have to undertake countering violent extremism programs.
However, AFP Commissioner Krissy Barrett said that the children, who returned as part of the recent cohort would be “asked” to undergo community integration programs.
But not forced.
This is just an accident waiting to happen.
So the Australian Treasurer introduced a tax increase on shares to compensate for shares being overtaxed.
His explanation makes as much sense as the senseless tax increase.