christopher joye retweetledi
christopher joye
27.6K posts
christopher joye
@cjoye
Portfolio manager at https://t.co/9L2cdsF1kC and AFR Contributing Editor
Sydney Katılım Temmuz 2009
1.5K Takip Edilen34.4K Takipçiler
christopher joye retweetledi
Karl Stefanovic has furiously hit out at the ABC, telling the national broadcaster "our money shouldn't be telling us who to vote for" after host Patricia Karvelas suggested One Nation was an illegitimate political party.
skynews.com.au/lifestyle/cele…
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christopher joye retweetledi
NYP Reporter: Prior to boarding Air Force One to depart Beijing, the entire U.S. delegation disposed of every item provided to them by their Chinese hosts. Gifts, badges, pins, and commemorative items were all dumped into a trash bin on site. The directive was absolute, no item of Chinese origin was permitted to board the aircraft. The precautions extended beyond the departure itself. Delegation members had left all personal electronic devices at home before traveling to China and operated exclusively on clean burner phones throughout the duration of the trip.
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christopher joye retweetledi
45% equity partner Jim Chalmers when you sell your startup for 100X
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christopher joye retweetledi
Christopher Pine says that there is “no evidence” that changes to negative gearing and CGT will not have “any impact” on houses at all.
“The only way to reduce house prices is to increase supply”
“Economics hasn’t changed”
“There’s too much demand and not enough supply”
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christopher joye retweetledi
Helping to create "intergenerational equity"? These socialists are busily creating "intergenerational poverty!"
christopher joye@cjoye
There are two other dire consequences of this budget that nobody is talking about. The first is that the budget’s introduction of an effective capital gains tax of up to 45 per cent - 47 per cent – previously capped at 23.5 per cent for assets held more than 12 months – hits younger savers hardest, precisely because they have the highest portfolio exposures to high-growth assets such as listed global equities, Australian shares, crypto, venture capital and private equity. When anyone builds a portfolio for younger investors, they rationally load them up with the highest-growth and most volatile assets on the basis that a long investment horizon allows them to weather the inevitable volatility storms. As investors age, these portfolios shift into more stable and income-rich asset classes such as cash and bonds, which are net beneficiaries of the CGT increase, because their post-tax returns now look more attractive relative to growth assets. As many investors have noted online, why would you allocate to a bunch of high-risk growth companies when Albanese and Chalmers are going to take almost half the upside while wearing none of the downside? Rather than helping younger generations, the highest CGT rate in the developed world will hammer them. And it is a double whammy because the many early-stage companies that have historically employed 20- and 30-somethings will now consider moving overseas. Their investors will simply not want to trade away half of their upside to the public oligarchs. If you allocated $10,000 to bitcoin after the March 2020 pandemic shock – which many young punters did, and which would now be worth approximately $92,000 – the new CGT regime imposes vastly higher amounts of tax. A self-funded retiree on the tax-free threshold would go from paying nothing to almost $24,000. Somebody earning between $18,000 and $45,000 a year would see their tax bill jump from $7400 to $23,900 – a 222 per cent increase. Those in the $45,000 to $190,000-plus tax brackets would have their bill rise by 93 per cent. Since the new CGT regime is, by definition, much more costly on higher-growth investments, it will punish younger investors who have much greater risk appetites and lower average incomes. afr.com/markets/equity…
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christopher joye retweetledi
Labor don't care, they are simply after more revenue to fuel their profligate public spending and to gaslight young voters into voting for them as they are perceived to be 'taxing the rich'.
christopher joye@cjoye
There are two other dire consequences of this budget that nobody is talking about. The first is that the budget’s introduction of an effective capital gains tax of up to 45 per cent - 47 per cent – previously capped at 23.5 per cent for assets held more than 12 months – hits younger savers hardest, precisely because they have the highest portfolio exposures to high-growth assets such as listed global equities, Australian shares, crypto, venture capital and private equity. When anyone builds a portfolio for younger investors, they rationally load them up with the highest-growth and most volatile assets on the basis that a long investment horizon allows them to weather the inevitable volatility storms. As investors age, these portfolios shift into more stable and income-rich asset classes such as cash and bonds, which are net beneficiaries of the CGT increase, because their post-tax returns now look more attractive relative to growth assets. As many investors have noted online, why would you allocate to a bunch of high-risk growth companies when Albanese and Chalmers are going to take almost half the upside while wearing none of the downside? Rather than helping younger generations, the highest CGT rate in the developed world will hammer them. And it is a double whammy because the many early-stage companies that have historically employed 20- and 30-somethings will now consider moving overseas. Their investors will simply not want to trade away half of their upside to the public oligarchs. If you allocated $10,000 to bitcoin after the March 2020 pandemic shock – which many young punters did, and which would now be worth approximately $92,000 – the new CGT regime imposes vastly higher amounts of tax. A self-funded retiree on the tax-free threshold would go from paying nothing to almost $24,000. Somebody earning between $18,000 and $45,000 a year would see their tax bill jump from $7400 to $23,900 – a 222 per cent increase. Those in the $45,000 to $190,000-plus tax brackets would have their bill rise by 93 per cent. Since the new CGT regime is, by definition, much more costly on higher-growth investments, it will punish younger investors who have much greater risk appetites and lower average incomes. afr.com/markets/equity…
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christopher joye retweetledi
Since the new CGT regime is, by definition, much more costly on higher-growth investments, it will punish younger investors who have much greater risk appetites and lower average incomes.
#GetLabourOut
christopher joye@cjoye
There are two other dire consequences of this budget that nobody is talking about. The first is that the budget’s introduction of an effective capital gains tax of up to 45 per cent - 47 per cent – previously capped at 23.5 per cent for assets held more than 12 months – hits younger savers hardest, precisely because they have the highest portfolio exposures to high-growth assets such as listed global equities, Australian shares, crypto, venture capital and private equity. When anyone builds a portfolio for younger investors, they rationally load them up with the highest-growth and most volatile assets on the basis that a long investment horizon allows them to weather the inevitable volatility storms. As investors age, these portfolios shift into more stable and income-rich asset classes such as cash and bonds, which are net beneficiaries of the CGT increase, because their post-tax returns now look more attractive relative to growth assets. As many investors have noted online, why would you allocate to a bunch of high-risk growth companies when Albanese and Chalmers are going to take almost half the upside while wearing none of the downside? Rather than helping younger generations, the highest CGT rate in the developed world will hammer them. And it is a double whammy because the many early-stage companies that have historically employed 20- and 30-somethings will now consider moving overseas. Their investors will simply not want to trade away half of their upside to the public oligarchs. If you allocated $10,000 to bitcoin after the March 2020 pandemic shock – which many young punters did, and which would now be worth approximately $92,000 – the new CGT regime imposes vastly higher amounts of tax. A self-funded retiree on the tax-free threshold would go from paying nothing to almost $24,000. Somebody earning between $18,000 and $45,000 a year would see their tax bill jump from $7400 to $23,900 – a 222 per cent increase. Those in the $45,000 to $190,000-plus tax brackets would have their bill rise by 93 per cent. Since the new CGT regime is, by definition, much more costly on higher-growth investments, it will punish younger investors who have much greater risk appetites and lower average incomes. afr.com/markets/equity…
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christopher joye retweetledi
@alisterberkeley @cjoye @GeoffWilsonWAM We just moved our (hopefully) unicorn from Melbourne to Cyprus.
Australia hates successful people.
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christopher joye retweetledi
@cjoye My exact situation. Young aspirational people like me are now being disincentivized to drive productivity while being saddled with greater government debt burden we will have to pay off.
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christopher joye retweetledi
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.
Jet Ski Bandit@fulovitboss
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”
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christopher joye retweetledi
Opinion: Angus Taylor is committing to fully removing bracket creep for the first time in 44 years and ending a regressive and massive tax burden on younger Australians. Read more: bit.ly/4dr0IRO
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christopher joye retweetledi
To my mind the worst part of the Budget was the effective
doubling in the “entrepreneur tax” when selling a business from 25% to a world record 47%. Either Treasury did not know or care - which is worse ?
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christopher joye retweetledi
@RussellEgan @cjoye Sarah Ferguson did not ask Chalmers one question about the explosion in public services payrolls but gave Angus Taylor a hard time about pledges to cut the public services costs. The ABC is truly corrupt and a Labor party stooge.
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christopher joye retweetledi
@alisterberkeley @GeoffWilsonWAM @cjoye A silent 50% partner that:
- throws red tape in front of you every chance it gets
- takes, takes & takes out of the company
- contributes nothing financially as a partner
- doesn't remain silent as much as you would want them to
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christopher joye retweetledi
@alisterberkeley @GeoffWilsonWAM @cjoye All that’s missing here from the collective crypto bro and financial advisor meltdown is them going out and putting on hi-vis vests while they are having their sook.
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christopher joye retweetledi
christopher joye retweetledi
This message exchange is with my ex-wife who is a Partner at a New York law firm working in international financial markets @GeoffWilsonWAM @cjoye 🤯
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christopher joye retweetledi
@cjoye The Albanese government has gone rogue & is totally out of control. The are governing for the extractive, bureaucratic class & their contractors.
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christopher joye retweetledi
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