CostaKi

@arbsmichael He’s economics homework from his uni days will be hitting the media soon

Albo doesn't understand his own policy, economics or taxation

@A_H_Rao @rationalaussie Just explained the odds of building a successful business in Australia . Spread the word

@rationalaussie Well, they say if the government taxed winnings, they would legally have to allow Australians to deduct their gambling losses. And the government would actually end up losing tax revenue because the country’s collective gambling losses far outweigh the winnings.

Australia is a country where if you win $500k on an 8 leg multi on SportsBet you won't have to pay any tax, but if you sell your business for $500k you'll have to give the government half. What are we incentivising here? How fucking retarded do you have to be to run your country this way?

@hughriminton @NoelWhittaker @OMGTheMess Is the solution to increase taxes or to reduce taxes on income earners ?

@NoelWhittaker @OMGTheMess If they can’t justify the wage, it suggests they’re not earning it as a wage and the trust is being used primarily as a shelter from income tax. If a PAYG worker earns $180k, they pay 30.7% ($55,267 including Medicare levy).

I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business

@WhereMyOstrich @TobiSkovron That’s why he pays taxes moron. Unlike you he doesn’t have his hand out. Crawl back to your mums basement .

@TobiSkovron Because your entire business, built entirely by you, did not in any way benefit in its operation from services provided by government? I call bullshit...

Hey Jim & Albo, Keep your hands off my business. You weren’t there for the sleepless nights, the stress, the risk, or the moments where everything was on the line. I built this in the dark. You don’t get to show up at the finish line with your hand out. Not one cent. You didn’t build it. You didn’t back it. You’re not entitled to it. Get fucked.

@cjoye You mean it’s not going to close the intergenerational gap?

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…

@FootnotesGuy There is going to be so many carve outs by the time this gets settled that it will look like Swiss cheese and be a nightmare to administer

Favourite budget factoid. While the rest of the nation gets hit with higher capital gains tax, there’s a special carve-out for foreign investors in renewable energy. So they can flip assets that get underwritten by the Capacity Investment Scheme. bakermckenzie.com/en/insight/pub…

@granleese @NoelWhittaker Probably as your wealth has been grandfathered whilst 25yo needs to pick up a third job to pay off Alcoponese and Jim Gattochalmbers

@NoelWhittaker G'day Noel, I've got $1.6mm in cash, and a family house worth $1.5mm. Can I still get the aged pension if we sell our 3 investment properties?

Remember, intergenerational inequality is a social construct invented by Labor to give them another class of victims to help

@LackyDoovery @NoelWhittaker Id say the rich old cunts have done pretty well out of this budget whilst the younger generation have now had another lever taken away. How do you see it ?

@NoelWhittaker Remember that critiques of intergenerational equity are social constructs where rich old cunts pretend they're the victim.

@AyrFenn @NoelWhittaker You mean the victims who have been grandfathered from any impact whilst the younger gen who are locked out have now had the keys thrown down the well?

@NoelWhittaker Do you mean the younger gen locked out of any and every asset class, or the “victims” sitting on 2,000% property gains flying Qantas Prem Economy 3x / year

@7326Sasha @jeff_kennett You probably weren’t around but similar to now, the state was broke back then and couldn’t repay its debts. It’s only because of Jeff that up until around 10 years ago, we actually had a fully functioning credit worthy state.

@jeff_kennett What do you stand for you corrupt drunk. You sold the state out in 1996. When you privatised our roads and everything else. Now Big bad Jess is proposing the same fairytale. You Liberals are a discrace. Theifs. Liars and Corrupt. Privatisation wrecked this counrty you corrupt dog

What a disgrace. A total disgrace of Australias new priorities. We allow the ISIS Brides to return. While we pursue Ben Roberts-Smith through the courts. What does Australia stand for in 2026?

@xyz_ashley @cjoye Make sure you never manage or I eat your own money . Free advice that will save you $$$

I would rather indexation. Eg you invest $100 and it rises with inflation to be $150 in 10yrs time ie you have made no real profit after inflation. Yet, currently the govt would tax you on $50 capital gain, say $12.5 in tax, leaving you with $137.50 and thus you have actually lost purchasing power. As we are entering a period of higher inflation, indexation will better. You can argue about the tax rate for sure. But indexing cost base is very important

You and your team start, and work in, a business. You put $250k in to get it to break-even. After a decade of blood, sweat and tears, your business is worth say $5 million. Under Labor's proposal to effectively double capital gains tax by indexing it to inflation, you would see a 96% increase in the tax you would otherwise pay today. You would pay more tax in Australia than if you set up *three* of these $250k businesses in Canada, NZ and the UK, and them sold them for $15m in total. And we were told by the government more than 50 times before the election that they would not touch CGT or negative gearing. Check out this table summary of the change in total CGT paid @GeoffWilsonWAM

@HilzFuld Capability . Threat of further retaliation. War is not a Nintendo game .in life there are real consequences .

Can someone explain to me why the UAE and all the rest of the countries that Iran has attacked these past few months are focused on intercepting the missiles and not dealing with the threat? Why are they allowing this insanity to continue? Asking seriously. What am I missing?

@miadmaleki @BahmanKalbasi Is this the same data and analytics that told us that Russia was running out of ammunition 3 months into the war?

@BahmanKalbasi ~ 13 days onshore capacity tracked. Kharg hit capacity April 25–26; NITC has started pulling retired tankers out of mothballs for emergency offshore storage. See this for more details: x.com/miadmaleki/sta…

It has been two weeks.

@MarioNawfal How much of the economy is made up of government employment and investment ?

🇮🇱 Israel has been at war for almost 3 years. Its economy is forecast to grow faster than every G7 country this year. Unemployment is at 3.2%, inflation is under 2%, and the Tel Aviv stock exchange is up 20% since January. The shekel gained 7% against the dollar during the war. The reason: a booming tech sector, record foreign investment in cybersecurity, surging defense exports, and a highly skilled workforce that keeps attracting global capital even during active conflict. Most countries would be on their knees. Israel is outperforming the U.S., the EU, and the UK at the same time. Source: CNBC

@FabrizioRomano Amazing how a contract negotiation can bring out the best in a player . Played it well

🚨💣 BREAKING: Kobbie Mainoo has agreed all terms of new contract at Man United, all set to sign! The agreement will be valid until June 2031 with increased salary, as always reported. Understand it will be official before end of the season, Kobbie could sign this week. 🔐

@CatchUpFeed Wtf did I just see 😤 who the fuck did this to it?

You get into the University of Oxford, and this is your lecturer…

@FootnotesGuy You mean double down Bowen and at any cost Albo are going to borrow more $ to invest in failed renewables and your shocked ? I’d be shocked if they didn’t take this opportunity to not waste a crisis

Re-writing existing contracts outside of a competitive tender would remove any semblance of integrity or competitiveness. It just becomes a direct handout, from the minister essentially, who had final sign-off, and would do again. Glad Dylan McConnel called that out. 2/

Big story here from @ryan_cropp about Chris Bowen preparing to revise deals under the Capacity Investment Scheme. That's an enormous concession that the 'whatever-it-takes' subsidy scheme is going to take... even more. The scheme has failed. 1/ afr.com/policy/energy-…

@MediWarrior @markbouris @cjoye Yeah if I was you I’d go with your guy and trust Albo

@markbouris @cjoye He makes sense. Problem is it's hard to trust anything from the AFR. User to be reliable. Now just another biased dictated media.

Why Australians are feeling the pressure in the economy right now. @cjoye is one of the most influential voices in Australian finance, a fund manager, economist, public policy thinker, and weekly Australian Financial Review columnist. In this conversation, Joye delivers his starkest warnings yet about Australia's economic future. Joye also dissects Trump's economic revolution in America and reveals why Australia risks becoming "Asia's Ibiza" unless we fundamentally change course. Search Straight Talk with Mark Bouris to listen to the full episode.

@Iam_Odinkem @Casemiro You’re not a glass half full type of guy are you?

@Casemiro So Manchester United's goal is now to make top 4 and not win the biggest trophies. How the mighty has fallen.

Incredible atmosphere at Old Trafford. We're very close to reach our goal !!!! Come on Reds !!! 🔴

@NurudeenHu @Casemiro You obviously weren’t with us for the first half of the season 😂

@Casemiro Wow, that means man united's goal is to finish 3rd position in EPL and they are proud of it.