Duncs 🇦🇺👀🍿

You try to put lipstick on a pig. In this case a lying pig. This is as close to tyrannical theft as it gets. The truth is this is a massive Labor tax grab right across our middle class on all hard working families investing and trying one day to be financially independent. It’s a tax on every asset class including shares, property, running and building value in your own business. All of which mostly comes from already heavily overtaxed wages. A huge percentage of the Australians who will be impacted by this heavy tax increase already pay high marginal tax rates and pay the lion share of income tax in this country. Now the government says “hey we want to fully tax your post tax gains” and “sorry younger Australians, but you get no relief on this ever”.

Experts have slammed the AI-Albo social media campaign against CGT changes as “rubbish” saying the changes are actually “important”💥 Adelaide Miller reveals even the organisers now admit they left out the truth “bcoz they wanted the post to go viral.” Utterly shameless. #auspol

@AshPolitik So explain why other investment vehicles outside of super have to pay the 30% minimum?

That's fantastic. Super is benefit for all, and Australian workers. I voted for this.

It’s hard for the media to keep up with the huge Labor Lie and the sheer number of Australians impacted by this tax. 70% of the 2.2 million investors only own one investment property. The majority of those are Australians. How many of those are in discretionary trusts? The CGT discount was always a fair system. The majority of income tax received in this country comes from the top 50% of wage earners. There is no reason the government deserves or should be taking the same marginal tax rates on money invested from already highly taxed wages. If this was truely about the uber wealthy then it would have been easy to target large investors and trusts based on total number or value of property holdings. But instead money grubbing Labor goes after small businesses, single property holders, anyone investing in shares and specifically excludes any benefits from the young generation coming through.

The media is all over the shop Today the AFR told us few were using discretionary trusts to engage in tax minimisation: afr.com/politics/feder… Yesterday they admitted that lawyers and accountants commonly were: afr.com/companies/prof…

In a time when rampant inflation has driven up prices, reduced real wages and put every household under pressure, lunatic Labor takes away one of the remaining few tax perks that quite fairly allowed Australian families to make a bit more money from their already heavily taxed wages. Disproportional targeting the young and new investors, this massive tax grab punishes the next generation and stops them from getting the same benefits their parents and grandparents received. Importantly over 70% of our 2.2 million investors only own one investment property and a majority of those are Australians. Thats who Labour is targeting with this blatant tax grab.

Private home ownership helped build Australia’s middle class. It was a post WWII initiative of Bob Menzies’ Liberal Party and has contributed to our egalitarian fair go ethos. Restoring it in 2026 is hardly “communism” as Murdoch ranters rant.

Did you take a knock to the head as a baby? That is the comment of a leftard bludger who never worked a hard day in their lives or had to fight to create a spare dollar to invest with. Tell me how business owners sit back without working and magically watch their business grow. Tell me how a worker scraping together every post tax dollar he earns to invest and try to secure a bit of independence is sitting back. The piss weak excuses the leftard commies are coming out with to defend Albo’s Big Tax Grab are laughable and mentally disturbing at the same time.

FYI... capital gains are not "hard earned returns". You literally make an investment, then simply sit back and watch that investment (hopefully) appreciate over time. #auspol

@DougCameron51 @grok what has been the major cause in the increase in new house build costs in Australia over the last 4 years and did the CGT discount given to property investors play a big part in this increase?

Labor must be far more articulate and aggressive in defending the CGT and -ve gearing changes. Call out the Tory lies, explain the facts and condemn blatant extortion and profiteering. Landlords who rip renters off should be exposed. Stop pretending the “market” is the answer.

@JEChalmers @MadeleineMHKing Can you explain how doubling the tax for new property or share investors or business startups when they eventually want to sell is delivering for Australians?

We know that WA is a really important powerhouse of our economy and that’s why we’re delivering for WA workers, small businesses and first homebuyers in this Budget. @MadeleineMHKing

@AlboMP Let’s ask grok about how fair this is to younger Australians…

We're helping young Australians like Erin and Harry get their foot in the door with the Housing Australia Future Fund. Because when you work hard and save, you should be able to afford your own home.

If high house prices are being caused by investors and their CGT discount please explain why the cost of new house builds have surged? Buying a block of land and building a new house is at minimum $1 million in any capital city. Most of that high cost is due to a huge increaee increase in building supply costs, labour costs and shortages, and the massive government red tape, permits and taxes associated with building. Nothing to do with the CGT discount investors had. Explain how that is going to change? If anything you will be cramming all remaining investors including foreign investors into new builds to compete with first home buyers. This will again raise the cost on new builds. Also please explain why all young Australians investors won’t get the same CGT benefits for shares and property investments that their parents and grandparents got? If anything this is inter generational unfairness! By lumping new taxes on shares and businesses thus clearly had nothing to do with property affordability. Just a blatant tax grab from hard working Australian families.

Australia’s tax system will be fairer, more productive and give young Australians a fair crack at buying a home #auspol

Multiple factors have pushed house prices up. Demand and supply is one of the main reasons but not the only one. We are building around 150,000 to 170,000 homes per year, well under the 240,000 minimum estimate required. Thats a lot less homes than we built in peak years and has slowed due to rising costs, labour/material shortages, interest rates, and significant increase to red tape snd associated government taxes. The facts are new houses now cost a huge amount more to build than they used to and this cost has nothing to do with CGT discounts. It is directly linked to higher inflation pushing costs up and taxation. So now add to these lower build numbers and rising costs the significant increase in immigration by successive governments and supply is even a bigger issue across new build and existing dwellings. If CGT discounts and investors are to blame then why wasn’t the property market out of control earlier. Prior to 1985 there wasn’t even any CGT at all and houses were 4x the average income. Between 1999 and now it has been 50%. Yes of course investors have had some impact on demand, but inflation and supply have been by far the biggest factor. Inflation hasn’t just been driven by government and consumer overspending either. During the 2009 GFC and 2020/21 COVID we printed hundreds of billions of dollars…straight out of thin air. This increase in money supply was given out as low interest loans and ended up mostly going into one place…hard assets. Particularly houses and stocks. Both cycles created out of step inflation of hard assets and reduction in the value of the dollar. Existing dwelling are always going to be more expensive than new builds, but if new builds have gone up so much as a factor of inflation and real cost, then of course existing building will jump up too. It’s really easy to now spend $750,000 plus on a new build and that’s not pushing into the top build or luxury category even. That has nothing to do with negative gearing or CGT. Investors have benefited from these huge inflation cycles by being in hard assets like property. From the sound of it you are one of these people. And yes seeing those gains has prompted more people to want to invest in property, but it is not the underlying issue. That huge inflation cycle of assets over the last 20 years wasn’t caused by them, it was caused by the inflationary cycle we are in and supply shortages. Finally of course having a discount on gains you make from already taxes wages is fair. Why should a government want to tax these gains again at the full marginal rate, particularly as these gains are lumped into one single taxation year, pushing a bulk of it into the 47% category. These gains may have taken 10 or 20 years to accumulate, so why tax them over one year at the highest marginal rate? Just a greedy government wanting much more of the pie to try to cover its own massive overspending.

@__Duncs @matt_barrie If it was so fair, why is it that houses are now unnaffordable for the next generation? Don't get me wrong, I loved the discount. I made my first million this way - but it is definitely not a fair tax system.

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-…

@pariahforhire @strangerous10 Which makes Albo and his socialist regime far worse than the turd sandwich.

@__Duncs @strangerous10 And that is exactly what you will do. You have labelled your choice eloquently.

Albo shreds Angus who admits his door is open to One Nation “The door isn’t open, there’s no door. They’re in the same policy room”🔥 Tells Angus he should “go into any hospital & ask what would happen if we got rid of everyone who works but wasn’t born in Australia”💥 #auspol

Yes but the top 10% also pay more proportional income tax than any other group. In fact they pay around 55% of all income tax received. The bottom 50% only pay around 11% of total income tax received. So giving CGT relief to a highly taxed individual on gains made by already highly taxed wages is not unreasonable. Regardless, this new tax could have easily been means tested and targeted at the uber wealthy only. The reality is though they didn’t care. It now captures every Australian investing whether you are in the top 10% or bottom 10%. So young kids investing in shares to save for a house deposit now get full marginal tax rates applied to their gains. This is on money they’ve invested from already highly taxed wages. The CGT discount was there as a fair measure to allow people to make a fair gain from already taxed money. Saying it’s only wealthier people that reap these benefits is short sighted as those same people also pay the highest percentage of wages tax.

@__Duncs @matt_barrie 90% of the CGT discount was received by 1% of the population. What does that tell you?

The one thing boomers didn’t do is sit in their asses. Like any Australian working hard to get ahead they put in blood sweat and tears to try to build up some wealth to be financially independent. Their kids and a whole younger generation will directly benefit from this as this wealth is passed down the line. We aren’t talking about the uber rich here, we are talking about middle class Australians with a single investment property or investment in their own small businesses or shares. The uber rich dont sell their assets anyway so this disproportionately impacts middle class who have to sell assets to retire or fund a new stage in their lives. Only socialist commies who have never worked a hard day in their lives believe in stripping wealth from anyone who has done moderately well. The government overspends, racks up debt and needs tax to cover this waste. These heavy taxes particularly impact the younger generation who now don’t get the same benefits as their parents and grandparents.

@__Duncs @matt_barrie You think it's good that all of the houses have been bought up by boomers, getting uber wealthy by sitting on their arses all day?

Dr in what? Being a looser. Only a socialist leftard believes what you just spewed out. If you truly believe that this massive hike in tax only impacts the wealthiest 1%, you are out of touch with real working class Australians. It impacts every hard working Australian family that has fought hard to try to invest and get ahead to have some form of independence from government welfare later in life. It crushes the dreams of young aspiring entrepreneurs and budding investors who now know that 47% of anything they build with their blood sweat and tears is going to be pilliaged by government. Common sense says that gains made from already over taxed wages shouldn’t be taxed again at the same rate. Everyone is prepared to help real people in need, but not the bludgers, welfare scammers, non citizens and fraudsters that this government has doled out and wasted our hard earn taxes to.

I'm so grateful to the Australian government for all the new taxes on the wealthiest 1%. No one should be able to own investments without paying most of the gains as tax, it's just common sense. Contribute to others more in need. Thank you Albo

@AlboMP You can barely get 500 likes on your post. Shows how f$cked up your budget is and how pissed real Australian are.

Building more homes across the country. Making the tax system fairer. And 5% deposits for first home buyers. We're throwing everything we can at housing.

@JEChalmers Sick of you trying to spit polish a turd. Any capital gains those tradies make from investing in their own small businesses or any other asset class you’re doubling the tax on. Makes anything you try to give look pathetic and weak in comparison.

Getting compliance costs down for builders was a big focus of our Budget and we’re making access to building standards free. Instead of paying up to $1600 a year to access the standards, tradies will get them for free. That means more money in the pockets of tradies and small businesses and higher standards all round. Big thanks to James and the team at BM Sydney Materials for welcoming us in Cabramatta. @AnneWerriwa

Pathetic! You budget is transparently obvious as a massive tax grab from all Australians. Throwing away meager scraps whilst doubling the tax on all family investments is just a massive con job. Property, stocks, small businesses all now double the tax level than they were before. Those increases will destroy the wealth of middle class Australia while you give them $250 bucks which barely covers a tank of gas.

We’re delivering more tax cuts for every Australian taxpayer to help with the cost of living. 💰 More tax cuts rolling out now. 💸 An extra $250 off working Australians’ tax bills permanently. 📝 A $1000 instant tax deduction without receipts.

@AlboMP Just a straight up con man!

So banging up taxes on stocks, small businesses and all other assets is solving the housing crisis how? We all know why there is a housing availability crisis, we just have to look at your net immigration numbers. For some reason the lying Labor party never mentions this. Do you think Australians aré stupid?

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.