Mate Ham

@BlaiseInKC How would you do it, there's 4 of them remember

If I had a Time Machine one of the first things I’d do is try to go back and prevent that What’s Going On song by Four Non Blondes from being recorded.

@KevinEspiritu I struggle to get mint to grow, too hot for the leaves here

@JohnMappin Who?

It has now been confirmed to me personally. They are panicking.

@BigthinkerBig @NewRightPoast Gilmore girls is better than most things, but its not brothers karamazov

@NewRightPoast gilmore girls was unironically better then mixtape.

Gamers have such impoverished tastes and are so embarrassed by the years they've wasted on rooty tooty point and shooties that all you have to do is spoonfeed them a mid Gilmore Girls episode and they think they're experiencing Dostoevsky, so long as they're pressing buttons.

@mahirusoldier What a load of shit

This is still the most impressive clip I've ever seen from a Souls game

@TrueSlazac Able was I, ere I saw Elba

One of my favorite Napoleon moments is when he was exiled to Elba and singlehandedly turned it around in less than a year, he was just That Guy

@AlboMP If this is your idea of helping you are delusional / retarded

We’re acting to give young Australians a fair go and to build more homes.

@DannyDrinksWine Not sure if I've seen this

"I want "Fear and Loathing in Las Vegas' (1998) to be seen as one of the great movies of all time, and one of the most hated movies of all time." --- Terry Gilliam

@VinniesAust Oops, they've already spent the revenue though, on more beaurocrats. Running out of things to tax now..

Housing should be a home first, not a way to build wealth. Reforming negative gearing and the capital gains tax discount is a strong start, but the revenue must be reinvested in social and affordable housing and adequate income support so everyone can live a decent life.

@simulx4 @saylor Bitcoin is a better asset than your house

@saylor why do you need to borrow money at 11.5% to buy bitcoin and i can get a 6% loan to buy a house.

All-time high volume. $1.53B of liquidity. Two cents of volatility. Closed at par. $STRC

@saylor Congrats bro

@pmarca Now I'm worried that my teens show no interest in any of these things

Moral panics of the 1980s included teens drinking, teens having sex, teens driving, teens smoking, teens watching television, teen movies, teens playing RPG’s, teens listening to music, teens playing video games.

@Ben_Davison1 Yes, plenty of us

This is example cooked Let’s assume Jack is an excellent investor capable of a 10% capital gain That means he needs to have an investment worth $100,000 Jack’s income is only $25,000?! Do you know ANYONE who makes LESS THAN minimum wage, living on $25k & has a $100k invested?

@AlboMP I'm heartily sick of you PM

125 years ago, the Federal Labor Party held our first caucus before the opening of our Federal Parliament. We’ve come a long way since 1901, but we’ve always held true to our values. No one held back and no one left behind. And our newest Federal Labor Members who make up the Class of 25 have carried those values forward, working tirelessly for Australians across the country.

@FinancialReview Retarded view

The federal budget inches towards a system that taxes capital consistently and labour more lightly. As tax expert Robert Breunig writes, it's "exactly what Australia needs". ebx.sh/ftdxnQ

@michaelsnape Kouk

Who would win in a retard-off between the Kouk and Greg Jericho?

The CGT discount wasn't merely to offset the reduction in real gains due to inflation over the holding period. It also offset the fact that gains accrued over MANY YEARS get taxed as though they were earned in a SINGLE YEAR, pushing most of it into the highest marginal bracket.

The big surprise in last night’s Federal Budget wasn’t just the move from the 50% CGT discount to inflation indexation (which was already flagged weeks ago) ... it was the hidden minimum effective 30% CGT floor layered on top. That’s an extraordinary change because it effectively moves long term capital gains from being taxed more concessionally than earned income to being taxed more heavily! In practice it pushes Australia’s effective tax rate on capital returns to at least double comparable global markets, making Australia completely uncompetitive for growth investments. That fundamentally changes the economics of long term investing, entrepreneurship, innovation capital, R&D and high growth assets where much of the return comes from long term capital appreciation. The impact won’t just fall on wealthy Australians. It will also hit many lower and middle income Australians who rely on long term capital growth from shares and ETFs to help fund retirement outside super. If long term investing becomes less rewarding after tax, more households will choose to consume rather than invest, adding even more pressure to inflation and interest rates over time. It will also affect thousands of small business owners who spend decades building businesses like physio clinics, dental practices and family businesses expecting the eventual sale to help fund retirement. If a much larger share of that sale proceeds disappears in tax, more Australians may end up relying on the age pension instead. The Government also seems to underestimate how sensitive capital and talent are to tax settings. If the after tax reward for investing, building businesses and taking long term risks falls by this amount, capital doesn’t just magically stay put. Some of it will move offshore, some investors simply won’t sell assets and others will reduce risk taking altogether. Ironically, that may mean the actual tax receipts end up far lower than Treasury expects, while Australia becomes less internationally competitive for investment, entrepreneurship and innovation. It’s a tax policy that doesn’t properly consider what should be obvious second and third order consequences for capital flows, entrepreneurship, retirement funding, inflation and long term economic competitiveness. And how exactly is a modest fall in house prices (Treasury modelling suggests house price growth will reduce by 2%) supposed to help younger Australians if rental supply dries up because private property investors leave the market? What’s the long term plan for housing availability if the economics of providing rental housing become completely unattractive? This doesn’t seem like a serious long term economic growth strategy. We’ll be updating our CGT change calculator today to reflect: • the new transition timeline • the post 1 July 2027 split treatment • the surprise minimum 30% CGT floor stockspot.com.au/cgt-calculator/ In the meantime, here are our thoughts on what these changes mean for investors: blog.stockspot.com.au/federal-budget…

@AlboMP You're robbing us blind and wasting more than you steal, pathetic man

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.

@ausstockchick I asked a millennial colleague who I know has inherited a large share portfolio if she was worried about the changes, she didn't even know there had been a budget, then said she was happy to pay more tax as 'they spend it on some really good things' !

What fascinates me is reading the comments from the left who are celebrating the budget. Someone just re-tweeted my tweet and said Australia is taking back the working class. Honey, Australia just cemented you further into the working class than you have ever been before and it’s astounding some people can’t see that. People who built wealth via the old system are in complete shock. #auspol