Tim S

@MarkoMatvikov To be clear I don’t think that’s a reduction in NDIS it is simply a lower growth rate.

A nice chart that puts the budget into visual context. A less than 7% reduction in NDIS dwarfs the other major changes. Imagine how low taxes could be if spending wasn’t out of control.

@MSpringAuthor17 @JEChalmers Haha wow. Have you seen the stats on what the 5% pays. They pay the majority of federal receipts!!

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.

@22Donovanwillis @DrCameronMurray @TheAusInstitute I disagree. Less investment will ultimately lead to less supply and therefore a tighter market. None of that reads more affordable

@TimS1622124804 @DrCameronMurray @TheAusInstitute There "supply shortage" only exists because a hole created by that investor housing inefficiency. Rentals are vaccant 10x longer over 50 years ontop of that you have short stay accomodation and simply empty dormant property. That's where the deficit lies. It's not population

People are upset that @TheAusInstitute has noted that the number of homes has grown faster than the population over the past decade. But it is true.

@DrCameronMurray @TheAusInstitute Far too much red tape…

@TimS1622124804 @TheAusInstitute What is the Real Supply Story™️

@TheAusInstitute @MattGrudnoff @Auspol Very dumb over simplification.

"Over the last ten years, the population has increased by 16%, and the number of homes has increased by 19%." "The housing crisis wasn't caused by a drop in supply." @MattGrudnoff @auspol

@SuthoDan2 #2. Yeo will play prop

What's the worst Origin selection?: - Radley picked - Saifiti over Ford/Kolo/May - Luki overlooked altogether - NSW one prop on 7 man bench - Capewell selected over Finefeuiaki? - Edwards dropped? - Other? Lay em on me. Putting something together

@jmil400 Neg gearing is v similar to the instant tax write off for businesses… that also bad? I agree they are bad if they properly adjust income tax brackets. But they don’t. $19bn additional in the budget for running the govt. ndis is funded like we have a disability CRISIS.

Any economist worth their salt will tell you that negative gearing and capital gains tax discount is bad public policy. So is franking credits…. #insiders #auspol

@JacintaAllanMP This is another dumb labor idea. If you can work from home you can be replaced

From September 1, your right to work from home two days a week will be law.

@angelar68197975 They literally have no reason for taxing more CG on shares and business. They also have allowed additional ~$20bn for a larger govt.

Wealthy investment groups are spinning Labor’s tax changes ineffectual or a massive tax grab I’ll rely on august financial guru Ross Gittins who says Dr Chalmers has got it right When the wealthy are hit in back pocket they get extra nasty 🤮

@cjoye Why is this not spoken about more? 19.6bn over how many years? This is crazy… are taxpayers really happy about this?

This is crazy: the federal government is using all the NDIS savings and almost all the NDIS savings + tax increases to pay itself due to a massive $19.6 billion cost blow-out on the bureaucracy over the next four years compared to forecasts in last year’s budget. Put another way, over the four overlapping Budget years from 2025–26 to 2028–29, the government has increased the cost of running the bureaucracy by $19.6bn — enough to consume virtually all (99%) of the $19.8bn in NDIS savings it claims, 93% of those savings plus its negative-gearing/CGT tax grab, and 14.5 times the property/investor tax increase itself... "The average staffing level increases from 215,900 this year to 217,300 in 2026-27. Since the Albanese government came to power in 2022, the size of the public service has ballooned by a quarter." afr.com/policy/economy…

@angelar68197975 Why would he pay tax here?

Murdoch pays no tax, zero tax in Australia yet lectures Labor on tax and fairness

@MarkoMatvikov More productive assets than equities?!

Question: Why were the capital gains tax changes applied to all assets, rather than just residential property? Answer: We wanted to drive more investment away from residential and towards more productive assets. Translation: It doesn’t make sense and I don’t have a good answer, so I'll talk down to you about indexation. Observation: The fact Albo would take this interview and respond in such a way shows he’s taking this young woman and others like her for mugs.

@fulovitboss @AlboMP @AngusTaylorMP @PaulineHansonOz @OneNationAus What he said first makes no sense. He has no idea. Equities is one of the most efficient investments.

Have a listen to this dribble and see if you can make sense of Albo’s answer… The question: “Why were the capital gains tax changes applied to all assets rather than just residential property”

@mormorlady @AlboMP @JEChalmers Nothing they have done is helping with that!

As an 81 year old I’m so relieved that Labor is helping my grandchildren aspire to owning their own home. Call it a broken promise if you want. I call it Bloody Good Policy Thank you @AlboMP @JEChalmers

@DaveTaylorNews Really? Isn’t that crazy? How would that compare to the sharpest decline in history?

Budget has inflation falling to RBA’s sweet spot of 2.5% next year

@TMFScottP Not hard enough imo. They only slowed the ridiculous growth profile. The profile which suggests we have a disability crisis in this country. It needs to be cut (back). Responsibly (ensuring those who really need it still get it).

I don't think I mentioned the NDIS tonight. The largest saving in the Budget... *if* it can be delivered. Enormous risk to the bottom line. #Budget2026

@Ben_Davison1 Very wrong. Someone in the highest tax bracket (low end) effective tax rate is down in the 30s. Someone earning 50k effectively tax rate is much lower than 30%

The Wilsons are trying to convince people that the 30% tax on Capital Gains is unfair to “low income earners” A reminder that the 30% tax on wages applies from $45,000 (minimum wage approx) to $135,000 (35% ABOVE average wages) No one on less than minimum wage is an “investor”

@AshPolitik Less investment means tighter market.

Just heard someone say there will be less landlords, so rents will go up The houses will just vanish lol

@TMFScottP Someone who finds it hard to earn a higher wage but smart enough to invest in shares has been hit hard. Way harder than the top 5% relative. But that’s always the way with the economic left.

Really disappointed by the overreach of taxing Capital Gains at a minimum of 30% despite the taxpayers' marginal tax rate. A naked grab, and ignoring the fairness of assessing tax based on the taxpayers' marginal tax rate. Snatching defeat from the jaws of victory #Budget2026