Leokadia

@Getoutahere101 @PaulBongiorno Please advise source of funds and amount of funds to purchase the properties and other income there self funded retired couple receive. Cherry picking. If they are self funded they heaps in excess of $1 mil somewhere. Greed has no boundary.

Fortunately I do. Govt hits both capital and income from property, shares or businesses via negative gearing limits on established + new CGT rules. Funnels investors into new builds, bidding those prices up vs first home buyers while most new rentals go to the boondocks. Inner-city apartments barely viable. Nice one.

In the real world, the budget is selling thesaturdaypaper.com.au/comment/2026/0…

@C19VaxInjured @SenatorHagerty @POTUS @realDonaldTrump No peace in ME until Zionist regime is eradicated.

I have received heartbreaking messages from Christians and other religious and ethnic minorities across Iraq. Many are saying the same thing: it is time to leave. After decades of war, terrorism, corruption, extremism, displacement, and fear, they no longer believe they have a future or even a homeland left in the country their families have lived in for thousands of years. 🙏🇮🇶💔

.@POTUS @RealDonaldTrump decisively used U.S. military might to significantly degrade Iran’s nuclear, missile, naval, and air force capabilities. In contrast, previous presidents—especially Obama and Biden—kicked the can down the road, and let Iran’s deadly threats metastasize. The emerging deal was made possible because President Trump put America First and profoundly weakened Iran. I look forward to specific terms knowing the President has credibly shown he retains the option to use U.S. military might and economic pressure once again if Iran cheats.

@Getoutahere101 @PaulBongiorno Do you know the difference between income and capital gain.

Wish Jim Chalmers lived in the real world. Self-funded retirees with two or three modest rental properties earning $70K gross rent face this reality: Expenses: ~$14K Net income: $56K Tax at 30%: $16.8K Net after tax: $39.2K — or just $19,600 each. These are people who worked hard and saved to avoid relying on the taxpayer. Yet Labor thinks this is fair. Paul, you’re really defending this? The Treasurer and his party are completely detached from the struggles of ordinary retirees. This is frankly abhorrent. @JEChalmers @AlboMP

Most of those ferociously complaining about the budget have never worked in public policy, never had to consider balancing the huge issues in a $800 billion a year budget, never implemented reforms that impact all 28 million Australians, never copped the public hate campaigns against them & their families. We are seeing the lid being lifted on the priorities of those people.

ChatGPT diagnosed 40 million people with a disease that was invented as a joke. Not a real disease. Not a misunderstood disease. A completely fictional condition with a fake name, fake papers, and fake statistics. And it told patients to see a specialist. The disease is called Bixonimania. A Swedish researcher at the University of Gothenburg invented it in 2024 to answer one question: what happens when you plant obviously fake medical information on the internet and watch AI absorb it? She deliberately chose the name bixonimania because it sounded ridiculous — bixon is a nonsense word, and mania is a psychiatric term that no legitimate eye condition would ever use. She uploaded two papers to a preprint server. Both were obviously fraudulent. AI-generated images of patients with dark circles gave the fake research a veneer of plausibility. Then she waited. She did not have to wait long. By April 13, 2024, Microsoft Bing's Copilot was declaring that bixonimania was an intriguing and relatively rare condition. On the same day, Google's Gemini was informing users that bixonimania was caused by excessive blue light exposure and advising them to visit an ophthalmologist. Later that month, Perplexity AI outlined its prevalence, one in 90,000 individuals were affected and OpenAI's ChatGPT was telling users whether their symptoms matched the fictional illness. One in 90,000. A precise statistic. For a disease that does not exist. Every red flag was visible. The name was absurd. The papers were crude. The condition made no scientific sense. None of the AI systems flagged any of it. They read the fake papers. They absorbed the fake statistics. They presented both to patients with clinical authority and zero hesitation. Then it got worse. Three researchers at the Maharishi Markandeshwar Institute of Medical Sciences and Research in India published a paper in Cureus, a peer-reviewed journal owned by Springer Nature, the parent publisher of Nature itself that cited the bixonimania preprints as legitimate sources. A real peer-reviewed paper. In a Springer Nature journal. Citing a fictional disease as established medical fact. Passing editorial review. Entering the permanent scientific record. It was only retracted after the hoax became public. Nature published a full investigation of the experiment. Alex Ruani, a health-misinformation researcher at University College London, called it a masterclass in how misinformation operates. Here is the scale of what this means. More than 40 million people turn to ChatGPT every day for health information, according to OpenAI's own analysis. ECRI, a US patient-safety nonprofit has named chatbot misuse the number-one health technology hazard of 2026. ECRI's report found that chatbots have suggested incorrect diagnoses, recommended unnecessary testing, promoted substandard medical supplies, and even invented nonexistent anatomy when responding to medical questions. Number one. Out of every health technology hazard that exists in 2026. An April 2026 study published in BMJ Open found that nearly half of the answers provided by leading AI chatbots to common health questions contain misleading or problematic information. Nearly half. Of all health answers. From the tools 40 million people use every day. Here is the line from the researcher that cuts through everything. The Bixonimania case is striking precisely because it was engineered to be so obviously fake. The real question it raises is: what is passing through the same systems that is not nearly so easy to spot? The experiment used a ridiculous name. Fraudulent papers. Visible red flags at every level. It was designed to be caught. It was not caught. The AI that told patients about Bixonimania is the same AI they asked about their chest pain, their medication, their child's symptoms, and their cancer screening schedule. 40 million people. Every day. And nobody is telling them that nearly half of what comes back may be wrong. Source: Osmanovic Thunström · University of Gothenburg · Nature · April 2026 · Link in the (comments)

@AustRepublican @BrentHodgson x.com/i/status/20577…

@Leokadia4 @BrentHodgson My parents taught me not to argue with people who will never open their eyes to see the bigger picture. You are only capable of seeing 1st order affects. And that fine, enjoy your own little world. But that's not the real one we are all living in

In a week of financially illiterate tax gripes, this one is a CLANGER! Someone on $190,001 - the start of the top (47%) marginal tax rate - pays 28.3% on their total income (or 1.4 days). The 47% rate only applies to each $1 over $190k Tax 101, & this guy SETS state taxes.

@AustRepublican @BrentHodgson Discuss this fact with your parents x.com/i/status/20576…

@ForSureNotElon @australian x.com/i/status/20576…

@Leokadia4 @australian Look at the columns years for Canada. They’ve actually had net zero net migration for a couple of years now (convenient data set, wouldn’t you say?). You are being fed lies

The government’s plan to tax capital gains at 30 per cent will harm young Australians rather than help them buy homes. Read more: bit.ly/4dyhmyM

@FL480 @JoshButler Sell the property

@JoshButler According to me - Bachelor of Economics et al, and Treasury. Although the Treasury estimates are ridiculously over estimated. If I lose the effect of negative gearing and pay greater CGT at the back end - what will I do with the rent I charge Josh ?

Australia’s peak community and housing groups have urged federal parliament to quickly pass Labor’s changes to negative gearing and capital gains tax, saying the reforms would improve fairness for renters and young homebuyers theguardian.com/australia-news…

@TheHypocrisyCh1 @tax_oz @MSpringAuthor17 @JEChalmers Answer the question.

@Leokadia4 @tax_oz @MSpringAuthor17 @JEChalmers 😆 🤣 😂 maybe spend some time reading some investment books instead of posting crap on X

I'm not going to allow BS to go through to the keeper regarding the extremely sensible CGT changes proposed by @JEChalmers. Tonight, I listened to an accountant tell a group of people that someone on a $40k income pays $3,200 in tax on a capital gain of about $40k. I called BS, asking what % of people on $40k have the cash to invest to make such a significant capital gain. He had to concede that his example was an exaggeration of proposals that were not even legislated. This example is the same BS the LNP/ ONP/ Rinehart/ Murdochracy coalition is trying to spin to the 95% of the population who carry the tax burden. It’s Time the 5% pay proper tax.

@StuKnight73 @arbsmichael It's the costs not the deaths. Insurance too expensive. Repairs rebuilds mitigations for future disasters welfare rescue costs relocations climate refugees from sunken pacific islands (more mass immigration). Not a lateral thinker just an ignorant ideologue.

@Leokadia4 @arbsmichael Yes I am catastrophist 😉 Less people die now than at any other time in human civilisation from natural disasters ! Cope 💁🏻‍♂️

20 years ago, Peter Costello delivered a budget that boasted no debt, a cash surplus, big tax cuts, and investment in a future fund. There was no interest bill, and tax rates were falling fast because we were debt free. This year, Jim Chalmers delivered a budget that boasted a gross debt of >$1 trillion, a $42.1b deficit, CGT, negative gearing and discretionary trust tax increases, plus deficits of $179.5b for the forward estimates. Interest on debt is the fastest growing major payment in the budget. From surpluses and tax cuts to trillion-dollar debt and entrenched deficits. How fast we’ve fallen.

@AustRepublican @BrentHodgson You must be an embarrassment to your parents.

@Leokadia4 @BrentHodgson There is no point talking to you I don't care about your opinion or changing it.

@AustRepublican @BrentHodgson So you still cannot identify any waste. Big mouth dull mind making incoherent sounds.

@ShaneOliverAMP Imagine 1 was given a $1m bonus in year 10. What tax would be pay. Obviously 2 has income in all ten years to support a very comfortable life style and pour money into assets to get $1m cgt. What would assets base be to get $1mil. Simplify example. $1k bonus v gst next year.

It’s amazing the Budget did not flag smoothing of capital gains with changes. Eg two taxpayers earning $1m over 10 yrs, assuming zero infl & 2027 tax scales Taxpayer 1 $100k yr will pay $219k in tax over 10 yrs or 22%pa Taxpayer 2 $1m CG in yr 10 will pay $435k in tax or 43.5%pa!

@FinancialReview This is how we got to this point

The main fairness issue with this budget is Labor borrowing $267 billion over the next four years, robbing future taxpayers to buy votes in the present. ebx.sh/MSaK9K

@AustRepublican @BrentHodgson You are as thick as four concrete bricks. It was pure cynicism. So you now acknowledge labour spends wisely. I now challenge you to provide waste examples.

@Leokadia4 @BrentHodgson Amazing how you can conflate waste and fraud With sensible spending.

@AustRepublican @BrentHodgson So $25 scripts are a waste. Same for bulk billing and Medicare generally. And age pension. And education. And aukus and military. And aid post disasters. Jobseeke4? Federal highways and rail. Mining welfare. Add more waste to this list.

@Leokadia4 @BrentHodgson If you don't do everything you can to keep more of your own money Instead of gifting it to a Government that wastes it hand over fist You are a fool.

@BagGlamour @australian ???

@Leokadia4 @australian That’s called a recession due to incompetence & rising interest rates. The market has no confidence in Gov .

@BrentHodgson @rbailey75 Much spending is discretionary. Your choice if you want to show off or lack intelligence or no priorities.

@rbailey75 Let’s imagine this is true. Stamp duty, rego, license are all State taxes - not Federal - and fall under his direct responsibility. If that’s what he’s saying when he says people are working half the week for the Federal government, that would be even LESS financially literate.

@AustRepublican @BrentHodgson You can't be serious. Probably has a discretionary tax avoidance trust, negatively geared shares and properties.

@BrentHodgson A Doctor/ Surgeon who earns $400K is set to pay $160K in tax Why would they stay here? We say skill shortage in areas, then tax their pants off