Michael Tull

@Mark_Graph @TomisCrowley A plan that would pump big tax cuts in automatic response to high inflation might have an interest rate problem hey

@TomisCrowley But by jeez it would bring a fantastic discipline to future Budgets.

Friday arvo scoop to cap off budget week: Coalition policy could cost billions more than first suggested over first four years and was not formally costed abc.net.au/news/2026-05-1…

@JeremyPoxon A ‘global empire’ that got caught underpaying its workers.

Oh my goddd, imagine if she never started Boost Juice. Not being able to suck down a $10 cup of liquid sorbet while you're in a shopping centre trying to find an iPhone repair kiosk :(

@Sarah_Haar_ I had a guy tell he’s entitled to his cgt discount cause he’s a share trader and “creates wealth”.

Investors really saying stuff like, “You just want money for doing nothing, is that it?!” to minimum wage workers, jobseekers, migrants & the disabled community while praising themselves for raking in ‘passive income’ by exploiting negative gearing & paying discounted CGT 💀

@CunningInsights @AvidCommentator @PeteWargent Heaps of people have been priced out of the market…getting buyers back would be a good thing for everyone.

@AvidCommentator @PeteWargent Think they have no idea what they have unleashed in a) market prices but also b) general confidence. If prices start crumbling and they’re also now disincentivising business investment. Finger paint level leadership.

Yet another story of the changes to negative gearing dropping borrowing power, this time by 37.5%. It turns out this was supporting the market far more than mainstream analysis suggests methinks. h/t @PeteWargent

@SenatorCash How on earth is someone ‘not committed to australia” who has chosen to come here, built a life, paid taxes, raised children, got those kids kids educated, maybe runs a business & employs people, helps build trade links with their home country etc etc…wtf is wrong with you!!!!

Labor handed Australians a Budget full of higher taxes, more debt and zero hope. Last night, Angus Taylor tore it apart. No more taxing you into the ground for daring to get ahead. No more flooding the country with people while your kids can't afford a home. No more handing welfare to people who haven't committed to this country. No more burning through your money and calling it progress.   Our plan is simple: cut taxes, build homes, cap migration and back Australians.   Labor has failed you. We won't.

@MickamiousG You’ll love it in Haiti…no tax, no govt rules, no vax…just you and your own free will…I can’t imagine why you aren’t packing right now…it’s your chance to show everyone how right you are

Mandatory government collection of money is a violation of an individual's rights to private property because it is taken without genuine consent so tell us again, if Taxation was paid after, then it would be different, but the fact you love the idea that Government removes consent from Australians as they did with Covid via the means of Coercion, you're telling us who you are and who you align with. Let me guess, you support Hate Speech aswell, don't you?

For the Labor shills that need a reminder Government is not your friend Socialism is not your friend The ATO is not your friend Taxation IS Theft.

@maximumwelfare Young liberal groups were full of young kids whose parents migrated here, became permanent residents and started a business…the kids joined the Libs as the natural home of small business people …what those kids must be thinking today seeing this utter garbage from Angus!!!

Every party in government has been cutting welfare in real terms for fucking 40 years get your fucking hands off it. Govern the fucking country instead of playing stupid games.

They already have to wait FOUR YEARS do you stupid pricks even know that?

@gring01234 It’s not just a govt balance sheet thing…a tax discount has the same effect on your bank balance as a direct govt payment would. And you want to keep getting that hand out cause you think you deserve it cause you trade shares. Time to stand on your own 2 feet and get off welfare

@Michtull You really wanna argue semantics of how things are labeled on a government balance sheet? If I dont make money then I get nothing back. If an unemployed person makes no money, they still get subsidied by people like me. Thats the crime. You need me, I dont need you.

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

@MickamiousG where’s the courage of your convictions? You say tax is theft. So go to country with no tax and live your tax free dreams…I’ll drop you at the airport when you’ve packed.

@Michtull Amazing how you can't get your head around this post... Who hurt you?

@gring01234 A tax concession is treated in budget papers and govt accounting exactly the same as a direct payment. Also, a tax concession has the same effect on your personal accounts as a payment. So you’re arguing to keep getting a handout just cause you trade shares

Its not a payment lmao its my own money going back to me for providing service/value. Thats called contributing. Whether it be housing or money for businesses to continue operations/hire people. And guess what, I can still negatively gear stocks lmao. I take the risk, I provide the value/service, yes I deserve a bonus for that. Thats how you drive an economy. Not by punishing people like myself to reward literally nobody. You sound like a socialist

@goldengreekjr @AshPolitik The govts from WW1 to WW2 and into the 60’s had much much higher debt levels than now…and it was during that time we built a great country. Every australian generation did better than the one before it…but that stopped with Howard and Costello.

@AshPolitik Howard government had no debt and made Australia great

The Howard government is finally over.

@peter_tulip Nonsense…this budgets tax changes are a result of Labor policy development…tonnes of good work was done to develop these ideas…we tried in 2016 & 2019 and today we finally get a result. Top marks for persistence!

The budget's two housing policies were stolen. The tax changes from the Greens; Infrastructure from the Coalition. Nothing wrong with that. Except the government lacks a policy development process for dealing with our biggest social problem. AHURI and NHSAC are not contributing.

@gring01234 A tax concession is a payment. There’s no good reason you should get a govt payment cause you bought & sold some shares. On incentives, here’s a myriad of incentives and discounts for new businesses. That’s reasonable. Getting a handout to help you trade stocks is not.

It's not a 'subsidy' any more than lower tax on long term capital is in the US, UK, Canada or most OECD countries. It's recognition that (a) gains include inflation, (b) capital is at risk for years, and (c) we want people locking money into shares, business, and innovation that drive jobs and wages, not just parking it in super or cash. The government's own budget papers admit the 50% discount was introduced to encourage investment and has worked for 25+ years. If you want to talk about real subsidies, I shouldn't have to pay the wages and welfare of people who refuse to get a job, arent born/hold heritage to Australia. Investors contribute far more than them.

@gring01234 The choice is yours. I shouldn’t have to give you a subsidy for it. Not hard to understand. Also, we continue to provide substantial discounts through the super system so you can save for your retirement.

@Michtull I already earned a wage and paid tax on it in order to invest and earn additional income + tax revenue. Salary has no risk Investing does It deserves to be treated differently. Really not hard to understand

@gring01234 Tax discounts are a subsidy. Your argument that your share trading deserves a subsidy cause it’s more valuable to society that someone who earns wages is not a view I’d support.

Who is subsidising investors ? They are getting THEIR money back for a risk they didn't need to take but did because it provides value and can raise profit. If im a stock investor, I buy stock,I hold for 12 months, I sell for a profit and I pay tax with a discount because I went out on a limb, took a risk, created value on money that I didnt need to risk, and i contributed more tax to the country. Now theyve removed the tax discount so theres no incentive for the risk. I should be given a discount for risking my capital to provide additional money for not only myself, but also additional taxes to society.

@gring01234 They are both tax payer handouts. Why should taxpayers subsidise someone for buying an existing property? it doesn’t create anything new and just pushes up the price of all homes…hardly a useful policy outcome.

@Michtull @Ben_Davison1 Theres a major difference between the two retard. Ill give you some alone time so you can think it over.

@gring01234 @Ben_Davison1 If you’re against welfare then you’d be against tax handouts for the rich hey.

The wealthy literally subsidise 90% of the economy. All your benefits disappear without them. You also dont subsidise shit. They take the risk and they still pay tax on that risk if they are successful. For their risk they get rewarded with a discounted rate. Its really not hard to understand unless youre a useless parasitic welfare leach like you appear to be