NoCultureEye

Because nobody would invest in these foolish energy projects otherwise! Labor says ordinary Australians need to lose their CGT discount and pay more tax on investment gains to help with inequality, yet foreign capital investing into renewable energy projects still gets a 50% concession to keep the money flowing in. Anyone with functional grey matter knows if these projects were commercially viable on their own merits, governments wouldn’t need to preserve special tax treatment for foreign investors while reducing incentives for Australians trying to build wealth themselves. Australians are entitled to ask whether the system is now being designed around attracting multinational capital rather than rewarding local productivity, ownership and investment. Labor have got to go.

The CGT discount exists because share investing has risk, ties up your money for years, and you pay tax on a lump sum capital gain = not regular income That one off gain can push your entire amount into a higher tax bracket, unlike your normal salary. The discount balances that.

The Albanese government’s federal budget has kicked young Australians in the guts. It was a lot of broken promises. Albo said he wants to help the next generation but he’s just kicked them in the guts instead. Those people who don’t have enough for a house have gone into the stock market buying shares and they'll be taxed too. This is nothing but a socialist, communist, Marxist government. They want to take the wealth from the aspirational, who want to get ahead, and disperse to those who want to do absolutely nothing. One Nation believes Australians should be able to work hard and get ahead.

I personally own assets affected by cgt changes but I still support the governments changes First im not greedy selfish fuck looking for government subsidies to help my investments. Changes are for the betterment of all, not the few. When you make a system fairer all, the system pays you back.