swango.eth
2.6K posts
swango.eth
@SwangoTrader
The machines are coming Professional Atomic Dove player Vaguely average I'm one of the top nations in the country I am the sky computer
Katılım Şubat 2012
1.7K Takip Edilen1K Takipçiler
We're changing property investor tax breaks to give first home buyers a fair go.
Here’s why.
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@Potstirrer111 Who do you think is going to pay the extra costs for owning and running a rental property?
Definitely not the landlord
Rent 🆙
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@Sarah_Haar_ You do realize the capital gains tax discount was a system which took the place of inflation indexation.
So, removing inflation from the taxable profit so you're not paying tax on inflation. Since inflation is not profit or income.
It sounds more like you have zero clue tbh
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Don’t cry over possible changes to capital gains tax discounts without knowing how it even applies please.
You pay CGT when you SELL a house that is NOT your main residence AND you make a PROFIT on the sale price.
How often are YOU selling investment properties?
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@ScottPh77711570 Grandfathered negative gearing = less investors selling their properties
Less supply = higher prices
CGT changes = higher cost for the landlord
Higher costs for the landlord = higher rent as landlords need more money to pay for their investment
Not sure you thought this out
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What do you call a million overleveraged property speculators getting margin called?
A good start
Sky News Australia@SkyNewsAust
The Albanese government has made a shock call to immediately axe negative gearing for new property investors in a major broken election promise. skynews.com.au/australia-news…
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@MickamiousG It impacts boomers the least as they already have their investment properties and have grandfathered negative gearing
Primarily impacts new investors
Widening the gap between boomers and younger generations
And CGT changes = higher rent as landlords pass the costs on
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This will be another Capital Gains Tax scenario which was previously done for the generation before but very few Gen X, Millennials or Gen Z are aware of this…..
Cold cutting negative gearing will lead to back lash against Labor - the idea it just impacts boomers is insane
that stock chick@ausstockchick
Looks like negative gearing will end on budget night but be grandfathered for existing investors. An estimated 2 million Australians own an investment property and 1,277,000 of them negatively gear an investment property. #ausbiz #auspol
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@tomdflynn Grandfathered negative gearing = many investors choosing to lock-in their investment for the long term = market stagnation
CGT discount removal / modification = higher cost for the investor / landlord = rent goes up to cover increased costs
You've been hoodwinked
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It should result in house prices dropping because there will be less demand from investors
Should be good for young home buyers
And that is a good thing
that stock chick@ausstockchick
Can the rental market balance itself once negative gearing is removed? Removing means supply and demand both shrink together. We will see a shift in housing from investor ownership to owner-occupier owners. A softening in house prices. If the housing market softens. Investing in real estate just became pointless. Exactly as planned.
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@MarkoMatvikov Ah I missed your original point. I agree.
Australia has this weird, socialist style, let's punish investors and discourage investing and somehow that will benefit the economy perspective.
On the surface it sounds good to some. But in practice it simply doesn't work.
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@SwangoTrader Yep indexation makes sense - but 50% tax on investment is its own problem in my view
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Of course there’s merit to indexing the CGT discount.
There’s also merit for scrapping CGT altogether - which is toxic for investment more broadly.
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@GreenTyler27 And who is going to pay for the removal of negative gearing?
Not landlords, renters
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If you continue to punish the supplier of rental housing eventually you get… less rental housing. This is what happens when governments treat mum-and-dad investors like the enemy while simultaneously importing demand faster than supply can be built. If nearly a quarter of listings are former rentals, that isn’t a healthy market adjustment, it’s a warning sign. Fewer rentals = tighter vacancy rates = higher rents for working Australians.
You can’t solve a housing shortage by discouraging the people that are providing the housing.
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I find it slightly absurd that progressive types have been hoodwinked into believing that the removal of negative gearing is a positive change overall because "we hate rich people". When all it's doing is making investment properties, which make up 6 out of 7 rentals, more expensive for investors.
And investors will ultimately pass these costs onto renters. Making renting more expensive.
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I get why some people passionately oppose removing of negative gearing. But I find it hard to take anyone seriously when they say the potential changes are ‘communism’ or ‘theft’
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@samstrades More likely to stagnate as those with grandfathered negative gearing will be less incentivized to sell and those who couldn't afford to buy houses still won't be able to afford it
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'Australian house prices poised for largest decline in 40 years' #ausbiz macrobusiness.com.au/2026/05/austra…
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100% a clear Khamzat win. If you think rounds are close you have to give it to the guy pressuring & getting takedowns
That doesn’t even account for the fact Strickland was landing on the forearms & Khamzat had more pop on his shots
Even Din Thomas thinks Khamzat won
Jed Meshew II@JedKMeshew
Just rewatched Strickland-Chimaev without sound. Still have it 3-2 Chimaev and I think that's the right score, but 3-2 Strickland is fine. R3 was the swing round. More strikes from Strickland, but more damage from Chimaev (which is supposed to score for Chimaev)
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swango.eth retweetledi
COINBASE JUST TOOK THE CLARITY ACT PUBLIC.
“AMERICA VOTED FOR CLARITY. IT’S TIME FOR THE SENATE TO ACT.”
New national ad.
Months of delays. Internal fights.
Then April 9, Armstrong flipped.
Now Coinbase is taking it straight to voters.
🔹 CLARITY Act front and center
🔹 Message aimed directly at the public
🔹 Senate markup window open, no date yet
🔹 Tim Scott leading the Banking Committee
Pressure is now public.
$BTC $ETH
BMNR Bullz@BMNRBullz
🚨 COINBASE JUST FLIPPED ON THE CLARITY ACT BRIAN ARMSTRONG now says it’s time to pass it. Calling the latest version a “strong bill.” This is a full reversal from earlier pushback. 🔹 Coinbase now backing passage 🔹 Treasury pushing it as priority 🔹 Senate markup being accelerated Scott Bessent wants it moved to Trump’s desk. Policy is aligning. Wall Street is aligned. Crypto regulation is no longer a question of if, it’s happening.
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I'm an engine fan.
And a 2-stroke fan.
And a crossplane V8 fan.
I've always wondered what a 2-stroke crossplane V8 engine might sound like.
If it's anything like this model created in the Engine Simulator (which is pretty accurate), I am so in.
(video footage from Noffie @ yt)
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@victor_vibing @jaketropolis Do literally anything at university and you learn this shit
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professor decided not to accept a paper i wrote because it was "100% AI" and it seems that the smoking gun is my use of four citations that include "et al."
what do you even do
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@EvanWritesOnX Interesting perspective, greatly overstated.
A rich country with a relatively small industrial sector has to have massive resources per capita and an effective way of making sure the extraction industry socializes adequately to the people - otherwise they'd be poor.
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Australia was not established as a nation-building project.
It was established as an extraction platform.
The British did not colonize Australia to build a civilization.
They colonized it to extract l; first convict labor, then wool, then gold, then minerals, then gas.
The political architecture was built around that extraction logic from day one, and it has never been restructured away from it.
You assume the state exists to serve the population, and therefore bad outcomes must mean the state is being run poorly.
Australia is not a sovereign state that happens to have a mining sector.
It is a private sector extraction platform that happens to have citizens.
Every Australian who “owns” a home is servicing a debt instrument that enriches the FIC.
The minerals get dug up by foreign-owned multinationals.
The profits get distributed to global shareholders.
The taxation office is structured; by design, through decades of lobbying, to ensure the extraction proceeds leave the country with minimal sovereign capture.
The politicians are doing exactly what the structure requires of them: absorbing public anger, rotating every few years to reset the pressure valve.
Australia is not mismanaged. Australia is managed perfectly,
just not for Australians.
Simon Ree@simon_ree
Australia was handed one of the greatest starting positions of any country in history Massive mineral wealth. Abundant energy. World-class beaches. Amazing climate. No fault lines... no earthquakes or tsunamis If you gave a 12-year-old this setup in a civilisation-building game, they'd build a paradise Instead, we got decades of useless politicians on both sides of the aisle who couldn't run a sausage sizzle at Bunnings without a $4 billion feasibility study and a royal commission Australia isn't unlucky. It's grossly mismanaged
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@C_S_Skeptic @stocktalkweekly There are a lot of smart people in the world that continually take dumb positions and do dumb things entirely due to their need to be contrarian and feel special. You are one of them
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The 98% is obscenely padded with in-house launches for a doomed third-party internet service whose satellites have started inexplicably exploding in orbit.
Other companies are ready to eat Falcon's lunch in the next year or two. Rocketlab has billions in backlog to launch just on Electron. Wait til Neutron comes online.
ULA developed Vulcan Centaur, which has already conducted missions, powered by Blue Origin.
You think SpaceX is some sort of exception case. They might have been had they stuck with what worked, but the cash burns of Starship, XAI and Starlink will eventually kill this company.
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Musk pretends that NASA didn't provide the IP, engineering, testing facilities, specs, even heat shield technology to SpaceX to develop the Falcon system.
He did not do this on his own. Not even close. Pretending otherwise is pretty much fraud.
Without NASA, without Mueller, Musk might as well have taken that $100 million from his PayPal shares (the only money he had ever put into SpaceX) and burned it.
Elon Musk@elonmusk
Indeed, it was *because* I was not from the aerospace industry that SpaceX made such radical breakthroughs. Same for Tesla. Those in the industry would have if they could have.
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swango.eth retweetledi
As an engineer working in the energy sector here is how I would solve our energy crisis:
Cancel net zero, what Australia does in this space is pointless.
Given our isolation have one year's storage of petroleum products.
Build an energy sector that utilises all of our bountiful resources, such as gas, coal, nuclear and some renewables (rooftop solar, geothermal, hydro)
Prioritise energy security and cost to consumer.
Build refinery capacity to meet our local needs. The refineries should be flexible to support different oil crudes.
For energy exports follow the Qatar model, local use first then export to drive down costs.
Drill baby drill and consider technology such as Gas to Liquids and biodiesel to shore up our oil reserves.
Produce all of our own fertiliser and adblue locally. The gulf crisis has shown the folly of our current approach.
Whatever the question is Hydrogen is not the answer.
@PaulineHansonOz #auspol
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@hosseeb You are not the arbitrator of what people want to see from ethereum
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I hate to be the one to say this, but please--no more manifestos.
They've made great progress on this in the last year. What people want to see from the EF is less manifesting, more shipping.
Christopher Perkins 🦅🌎⚓️NYC@perkinscr97
"The Ethereum Foundation Mandate" generated a lot of fuss and critique. I really don't understand why. The @ethereumfndn is a non-profit. Remember this. It makes sense for it to focus on vision, values and stewardship. I think its goals (censorship resistant, open source, private, and secure--CROPS) make sense. While other blockchain's seek to differentiate with cheap and efficient throughput/transactions per second, etc...for Ethereum, its robustness, censorship resistance, neutrality and decentralization that serve as its moat. These are not easy to replicate, and in my mind, are a primary source of value in the network and the token. There is no "Ethereum Labs". This makes sense, too. Instead, there are plenty of public and private companies (@Consensys, @Etherealize_io, @BitMNR, @Sharplink, @TheEtherMachine, etc) that seek to drive commercial outcomes across the ecosystem for its users. So, let the non-profit be a non-profit. And let the builders build.
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@itamarl Good joke
It's like saying that a high jumper will never win the 100 metre freestyle because they don't focus on swimming enough
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