PennyPackerInvesting

@TheKouk It's not odd to move from a future 47% CGT to 0% CGT. You are a retard.

It remains an odd human characteristic that some people would prefer to unnecessarily throw money away & dislocate their lives all to cut their tax obligations by a few dollars. And Australia should not be worried, for everyone leaving, there is a queue of thousands wanting to live here

@AshtonForbes We're gonna need more apology forms

I won't be cutting anyone any slack. The exact opposite. I was right about everything and I was ridiculed, ignored, and they're currently sidelining me so I can't reveal the truth. Look at all the plasma orbs. Zero aliens. Watch The Blaze with Pat Gray. I called it.

@HonTonyAbbott Both parties are fundamentally broken. They dont have conviction. They have a weak semblance of what they believe in, but just do what they think they need to do to win votes. Theyve both been making the country worse for 2-3 decades now. They have both lost the right to govern

Finally both parties are showing their real colours after a decade when they mostly tried to be a slightly more attractive version of the other side, with the Coalition just a little less enthusiastic than Labor for big government, climate action, and mass migration. By committing a future Coalition government to ending bracket creep, taxation by stealth, Taylor has made the next election wealth creation versus wealth redistribution and pitched the Liberals as the party of aspiration versus the party of resentment. Higher taxes on property and heavier taxes on wealth creation are not just broken promises with no redeeming policy feature. They're an assault on the Australian dream that people who strive to get ahead should not be punished for their efforts and that people who 'have a go' should get a 'fair go' from government. Read my latest exclusive at The Tony Abbott Newsletter: tonyabbott.au/p/the-sunset-o…

@r3tarddownunder @ClareONeilMP This one isn't nearly as relateable as the ones she did when she was putting away the groceries or doing a load of washing....

I hate @ClareONeilMP with a passion. This retard tries hard to relate to everyday Australians, but she is such a fake loser.

@ausstockchick makes sense considering how retarded the nation is to keep voting for the 2 majors

Albo will increase total spending on disability to $98 billion this year. He’s going after investors to pay. Australia is one of the highest spending nations in the world on disability supports, only outranked by Scandinavian nations. #auspol #ausbiz afr.com/companies/heal…

@TMFScottP It depends what you believe will get the best outcomes and what is the most fair to individual freedoms. I don't think vast wealth redistribution and socialism is the best way to go. Its the path Australia is taking and the country will continue to deteriorate if it continues

@TMFScottP Up to 47% on income and cgt. The incentive to work, invest, take risk, be productive is too significantly eroded. A safety net is fine, but should be limited and individuals should generally carry a greater responsbility for supporting themselves rather than gov reliance

The blatant self-interest dressed up as national interest on NG and CGT is not surprising but pretty ordinary. Yes, there are some who genuinely think the changes aren't in the national interest... but they're the exception, not the rule. It's fair for asset owners to pay more

@TMFScottP Yes. It is inevitable that some will be negatively impacted by reduced spending and cutting of services. But it is necessary. Australia is and has been trending in the wrong direction for a long time now. Increasing taxes is going to accelerate that.

@PennyPackerCap The former is half of the story of course. The government isn't stockpiling the tax revenue - it's being redistributed. So you'd have to decide what services and benefits you're taking, from whom, on what basis.

@HamishMcCallum1 @DemoniacoASX Make capital gains without any risk? You are a retard

@DemoniacoASX Totally untrue. You can make capital gains without any risk whatsoever. So sick of the entitled wealthy trying to defend their privilege. If you are successful with the start-up, you make a lot of money – that’s fine but you also should pay your fair share of tax.

To make capital gains one requires to take on risk Working 9-5 is the least riskiest form of income, yet capital gains are taxed the same as personal income. The govt can get away with 1 fucked up budget policy, but not 6 or 7. This is political suicide, surely.

@MSpringAuthor17 @JEChalmers When you see someone arguing for higher taxes in Australia, you know they are a retarded cuck

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.

@JamesCoyne How much tax do you pay annually?

Wild notion, but I don't actually mind paying more tax.

@mumbletwits You earn an income, you get taxed. You invest that after tax income, you make a gain, you get taxed again. You spend that after tax money, you get taxed GST, excise taxes, etc. Its socialist bullshit

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.

@ClareONeilMP You and liberals let it get to this point over the course of decades. Just a useless mob of idiots the lot of you

Housing is a complex and difficult problem that's been building for 40 years. The idea that you can solve it quickly and easily - it's just disingenous. But we’re focused on a comprehensive approach that is tackling the problem from every single angle.

@LaydenEdward Socialist envy

Why are all these accounts cheering on more taxes? What is wrong with them? Makes zero sense.

@SimonBanksHB Earn income, pay 47% tax. Invest after tax income, make capital gain, pay 47% tax. Spend what's left, pay 10% GST plus other applicable taxes (e.g. fuel excise). This is socialist bullshit that has gone way too far.

I love How the usual suspects when asked how they would be worse off under the Government's proposed tax changes Can't actually explain, how they would actually be worse off Granfathering It's almost like their angry about something else But don't have the guts to tell you

@ausstockchick This has to be the most retarded justification to come up with. Complete retards

The treasurer is saying CGT changes have to be applied to all assets because investors would try and get around the changes by…. Set up a company Put their investment property inside the company When they sell, they’re technically selling shares in a company not property directly Those shares could still qualify for the 50% CGT discount #auspol

@SkullSpeedDeal Amazing how some people manage to stay retarded into their old age, true retards

Totally hinged, normal and sane.

@AlboMP Socialist, selling out the countrt, never had a real job, resign

Changing the tax system to help more young Australians into their first home.

@matt_barrie CGT should be 0%. Why argue for flat 20%?

The CGT changes are Albo's WorkChoices moment, politically untenable. If anything we should move the other way with a flat 20% CGT to encourage investment, encourage entrepreneurs from around the world to build businesses here, and encourage capital to flow into Australia. theaustralian.com.au/business/tech-…