Senator Andrew Bragg

Australia needs an economic revolution to stop communism, waste, corruption & stupidity.

No wonder we can’t get houses built

Good article from @ajamesbragg this budget is all about driving investors out of the housing market and opening the door for superannuation funds. afr.com/policy/economy…

@AlboMP By banning exploration & mining. Good work. So coherent.

We're securing more fuel for Australia.

Labor complains about tech bros while their whole government is perfectly calibrated to benefit union bros.

Labor’s communist tax plan is designed for super funds to become corporate landlords by pushing individual Australians out. afr.com/policy/economy…

The Sydney Teals egged Labor on to raise taxes this way. Now they are upset. Make it make sense.

Albo & the doc have failed to sell their communist manifesto. Now they’ve sent Charlton out, but no one has ever seen him before 👀😂

Incoming: world’s highest taxes.

Saturday night footy done right 😼

You were electric tonight, Cats fans!

The federal budget unintentionally sparked the debate we need to have as a country and has given voice to a large number of people who have never expressed themselves publicly before. The debate is about the sort of country we want to be and the role of ambition, incentives, aspiration and wealth creation. As much as some of us might hate some of the policy Initatives in the budget, we should be thrilled that we are finally having the debate we need to have.

The high-profile independent MP claims to have “underestimated” the impact of capital gains tax changes, which she pushed for two months ago. ebx.sh/reKKOj

Super funds already got a free kick from the Budget and pay 10% CGT not 30%, now they want another rort. afr.com/policy/tax-and…

Labor’s cash grab is a con. Scrapping the CGT discount on shares, ETFs, crypto and small business will not build one new home. Every time Labor gets called out, they deflect to housing because they think Australians are stupid. smh.com.au/politics/feder…

Labor’s high rent, higher price housing model: 1. Suppress supply with 35,000 fewer homes 2. Pump prime prices with 5% deposits 3. Supercharge migration 4. Waste billions in housing funds that don’t build. theaustralian.com.au/nation/politic…

@maximumwelfare Yes pretty much

@ajamesbragg The Paul Keating's Super Funds Political Party

Jim Chalmers has given Paul Keating’s super funds the biggest tax leg up in a generation. His new 30% CGT won’t apply to super funds. What a country.

Inspired by Shark Tank, and people like @sbxr, Lisa and I got involved with start up companies over 10 years ago. Since that time we have invested in the dreams of multiple entrepreneurs - young and old. We have also served on their Boards for minimal or nil remuneration. Six times out ten we have lost money. Two times out of ten we are stuck in "zombie companies" that are yet to deliver a return and only occasionally does any firm make any real money. Meantime, at any moment we could have invested in our own commercial property fund or private credit or even term deposits and made a return without losing all our capital. For example the tech company we put $30,000 into seven years ago is yet to deliver a cent but we could have earned $14,000 pre tax by now AND seen our money compounded each year. We were prepared to accept losses and back people with great ideas but these tax changes tip the balance irrevocably. People like us will not bother in the future with these CGT changes. It's too risky, too time consuming and there are plenty of safe, rewarding alternatives. If we want to encourage the formation of new enterprises (and not just tech companies) we need a low CGT rate and it has to be competitive with overseas countries like the US and the UK.

Paul Keating’s howling conflict of interest is as clear as day. He just wants to defend the massive arbitrage Chalmers has created between superannuation funds and everything else. The omission is obvious.

Small businesses are the engine room of the economy. That is why we want to rework the economy so that small businesses finally get a fair go. We will be consulting around the country for a new Small Business Act, starting with 4 key pillars, and we want to hear from you about what else we need to change. Go to standwithsmall.org to have your say.