DBMG 🇦🇺

@arbsmichael We need more of this facebook.com/share/v/16zPfh…

20 years ago, Peter Costello delivered a budget that boasted no debt, a cash surplus, big tax cuts, and investment in a future fund. There was no interest bill, and tax rates were falling fast because we were debt free. This year, Jim Chalmers delivered a budget that boasted a gross debt of >$1 trillion, a $42.1b deficit, CGT, negative gearing and discretionary trust tax increases, plus deficits of $179.5b for the forward estimates. Interest on debt is the fastest growing major payment in the budget. From surpluses and tax cuts to trillion-dollar debt and entrenched deficits. How fast we’ve fallen.

@JackDentsTweets @T_Manzana27 @Martina Fake news buddy #1 rating show in its time slot.

@T_Manzana27 @Martina Dear Biff: CBS is owned by Paramount. Donald J. Trump, President of the United States of America, is not the CEO or owner of Paramount or any of her affiliated companies. ‘The Late Show’ was canceled because more people watched reruns of ‘The Magic Hour’ than Stephen Colbert.

Idgaf if you hated this guy or watched him religiously, any show getting canceled by a President is Anti American

@T_Manzana27 This!

Fuck David Ellison & everyone at CBS who is responsible for canceling The Late Show. David Letterman built something magnificent for you, & Stephen Colbert expertly brought it into the modern era. And you threw it all away in an instant because Dear Leader cannot take a joke.

@blo3577 @SpencerAlthouse

@SpencerAlthouse Don’t we teach kids about poor sportsmanship. He lost the network $40m a year for the past few years. Why is he mad?

LOL Stephen Colbert is making his band play licensed music during his final show so CBS – who fired him – will get sued and have to pay millions "Anyone illegally using that music is gonna have to pay through the nose--" [band starts playing] "Oh no! I hope this doesn't cost CBS any money!"

@RichardHyssong @SpencerAlthouse

@SpencerAlthouse I hope they sue Colbert! CBS had to get rid of this moron. I do not care about his political views. I laugh at both sides. He just wasn't funny, and his ratings were awful. CBS was paying a lot for no ROI.

@meme_terrorist @SpencerAlthouse

@SpencerAlthouse OMG he ripped off a bit that Conan O'Brien came up with when HE got fired from the tonight show! No wonder these guys have no audience.

@SamaHoole Here ya go mate, get some science into ya. canr.msu.edu/news/the-case-…

A solar farm just opened where a beef farm used to be. This is a real sentence about a real place. In Lincolnshire, near Glentworth, on land that grew British food for six hundred years. 1,214 hectares of grazing pasture and cropland, the size of Heathrow Airport, now under panels for the next forty years. It is called Tillbridge Solar. It was approved in October 2025. The locals were against it. The local council was overruled by central government. The farmer who used to graze cattle on that land will not be grazing cattle on that land in your lifetime. Down the road, Springwell Solar got the nod the same month. 1,280 hectares. The largest in the country. Same story. Beef and arable, gone. This is happening everywhere. CPRE found that 59% of England's biggest solar farms are on productive farmland. In one Lincolnshire district, 7% of the land is now solar panels. Three solar farms, Sutton Bridge, Goosehall, and Black Peak, are built entirely on the highest grade of agricultural land we have. Now here is the part nobody mentions at the dinner party. The roofs of the warehouses on the A1 are empty. The supermarket distribution centres are empty. The Amazon sheds, the MoD car parks, the industrial estates outside every town in England, all empty. CPRE's own numbers show that putting panels on the roofs we already have would meet the entire 2035 solar target on its own. The panels are not going on the roofs. The panels are going on Lincolnshire because leasing one field from one farmer is easy, and leasing a thousand roofs from a thousand owners is hard. The shortcut is the pasture. You will not be told to stop eating beef. You will simply find that the farm that produced it is now a power station, and the beef in the supermarket has come from Kansas, and it costs more, and the cow is no longer in the field, because the field is no longer a field. Cover the roofs. Leave the pasture.

@MuzzaDavo Obviously social media is no place for medical advice, do your own research and all, .... BUT Peer reviewed science as opposed to facebook research below :) www1.racgp.org.au/newsgp/clinica…

@dbmgreen No shit, I don't think I knew that connection! I better do it.

I currently have a scrip in my wallet for the Shingrix vax. It's around $700 for the double dose for me. But I'm self-employed, so I need to weigh that cost against potential lost income for a week (minimum) of inability to work It's a tough equation to just shrug & accept 🫤

@k_eagar Gee Proff... well, before airbnb, you could short term rental via newspapers, work or union social clubs, ocal tourism accommodation outlets. AirBnB is just an online version of what was already happening. Some regions .... eg: Jindabyne are heavily reliant on this sort of accom.

Can someone please explain in simple language why Australia shouldn't ban short term rentals like Airbnb? If we did that, it would free up literally thousands of houses and bring them back into the rental market & discourage investors owning multiple short term rental properties

@chrisbrycki @galumay @WyldeStInvest About 17.6% under 30 directly own Australian shares FWIW

@galumay @WyldeStInvest 58% of Australia’s 7.7m non super investors are 49 or younger according to the ASX… that’s a big rounding error! asx.com.au/content/dam/as…

Treasury’s CGT modelling appears heavily dependent on assuming Australian shares only deliver ~4.3%-4.4% capital growth p.a., which seems to come from measuring the ASX/200 and All Odds over the last 20 years, a period the Treasurer keeps repeatedly describing as evidence that shares were supposedly “undertaxed” or “undercompensated” - including in this interview with @BilliFitzSimons But the only circumstance where inflation indexation actually benefits investors relative to the current 50% CGT discount is where inflation makes up more than 50% of total capital returns. That’s generally only true when capital growth itself is unusually low or it’s a market where a very high portion of the total return is paid in dividends (like Australian large caps). That’s not how most younger Australians invest today! Most younger investors build globally diversified ETF portfolios with significant global share market exposure. Across Stockspot clients, around 50% of share market exposure is global. As one example, Stockspot’s most popular diversified portfolio (Topaz), delivered 7.3% annual capital growth over the 10 years to the end of April 2026, despite having around 22% in defensive assets like bonds and gold. That massively changes the outcome under the proposed CGT system. Using: • $20k invested • 10 year holding period • 2.5% inflation • 30% tax rate At Treasury’s apparent 4.3% growth assumption: > current 50% discount tax = $1,571 > proposed new tax = $3,141 But at a more realistic globally diversified 7.3% growth assumption: > current 50% discount tax = $3,069 > proposed new tax = $6,138 i.e. the extra tax drag roughly doubles. You can use this CGT calculator to see this stockspot.com.au/cgt-calculator/ That’s because the proposed inflation indexation plus 30% minimum tax model becomes increasingly punitive as long term capital growth rises. The higher the long term growth rate, the larger the portion of gains exceeding inflation, and the larger the compounding tax drag becomes over time. Which raises an important question... if the modelling omits global shares and other higher capital growth assets like crypto that younger Australians increasingly invest in, are the published examples materially understating the long term tax impact and presenting outcomes that aren’t representative of how people actually invest today?

@AustyUSA I can't help but wonder about the potential increased degradation from pushing charging limits. Tesla has a LOT of data in this space.

Any EV charging that takes longer than 20 minutes 10-80 is simply sub-standard in 2026. You don’t even need 800V to achieve this. The fact that Tesla has been making EVs longer than anyone and yet is falling so far behind in charging is a huge shame.

@CAGWfool @AssaadRazzouk @IEA Tell me more x.com/OurWorldInData…

@AssaadRazzouk @IEA Dream on. Drop the subsidies and EV purchases will drop like a rock. Half the population will never buy an EV since they don’t own a home with a garage. Without subsidies, USA market share of EVs in 2025 was 8%. That’s about right. Fringe sales by self righteous fringe Americans

New: EVs set to capture an impressive 28% of global car sales in 2026 says @IEA. Petrol cars will, very soon, be for museums only Wild how off the mark the IEA has been: In 2019, they thought we'd barely hit a 5% share by now

@CARN0N Yes well Abbott/Turnbull laid the foundation for that back in 2017

Australia loves Starlink.

@CARN0N Routing engine is different to the map layer. Had the same problem recently with the M8 Sydney

The Westgate Tunnel has been open for 5 months. Tesla Maps shows it. But it refuses to route me through it. So there I am with FSD active, the map updating every 5 seconds, completely confused - because the tunnel exists, Tesla just won't use it. Weird.

@dwallacewells Look to AUS/NZ for the real cost of Chinese exported EVs, they are AWESOME value, but not 10k even in $US

“A new car now costs nearly $50,000 on average. I could buy five new Chinese EVs for that price, though I’d settle for just one.” open.substack.com/pub/theargumen…

@tomdflynn By all accounts, Starlink is a pretty awesome service

Telstra just sent me a notice that they were increasing the monthly fee for internet Is anybody using Starlink?

@sydney_ev Cost as much as ya car

oh no! LONG LIVE CHAdeMO, yes i still have a car that uses CHAdeMO... mynrma.com.au/open-road/news…