Emanuel Ajay Datt

He just sat down after a long day. Have his wife yell something unintelligible from the other side of the house.

What investor is going to buy a new build? Sure you can negative gear it but it will have no resale value as the subsequent buyer cant negative gear. People only accept negative gearing on the belief the capital gain will exceed the losses. Supply going to go down. Rents higher.

lol My mates and I are doctors in our 20s/30s/40s starting off our careers. Absolutely everyone is gobsmacked at the budget changes. Genuinely feels like our generation will get punished for working smart or hard. None of us own investment properties yet - what’s the point now? How do we get ahead now? What was the financial incentive to sacrifice our 20s to train? It feels like all the worst aspects of communism with none of the benefits….. No incentivised housing/travel/childcare for doctors No one in my group is having kids Yet our alcoholic patients are on their 4th or 5th - supported via government programs What a joke Speedrunning civilisational demise

Can I say something?

If Australia had no capital gains tax

Literally the only people defending this heinous budget are the takers. Anyone who’s actually a net payer into the system; anyone who’s built, or trying to build something in this country, sees it for what it is - massive government overreach and yet more confiscatory policy to fund an ever encroaching handout state. See you all in Singapore 🇸🇬🇸🇬

Budget 2026 is a direct tax on aspiration and risk-taking. It kills the incentive for young Australians to invest in shares, startups and productive businesses. This is intergenerational betrayal dressed up as fairness. Stop punishing success. @AlboMP @JEChalmers”

What does a tax grab on capital and trusts have to do with intergenerational inequality?

This is the craziest budget speech I’ve ever witnessed I didn’t think they would actually follow through on all of this Significant additional taxes on risk capital going forward This will have the opposite effect of their purported intention of reducing the intergenerational wealth divide Chalmers is outright dangerous, like a madman

budget.gov.au/content/bp1/do… CGT discount removed on ALL assets, AND minimum CGT rate of 30%, even if you earned exactly $0 in normal income during that year. Perhaps the most disgusting, anti-productive, uncompetitive change to Australian fiscal policy in modern history

@Comlbr24 @puppyeh1 macro-ops.com/the-chandler-b…

@puppyeh1 Any write ups on these guys?

Thinking more about this. This is almost exactly how the Chandlers (secretive Kiwi multi billionaires) made all their money. No 5 ten baggers in a row per se but 5 multi baggers, in a row, rolling the entire stack forward each time (with leverage. Went from a few hundred k to >$10bn over 25yrs or something like that

In 1967, Indira Gandhi appealed to Indians: “Don’t buy Gold.” The reason was that India’s foreign exchange position was under stress, imports were becoming difficult, and the currency system needed people to show “national discipline.” But what followed? One of the biggest Gold bull markets in history. From the late 1960s to 1980, Gold exploded higher globally, and in rupee terms the move was even more brutal. This is the real lesson: When governments tell citizens not to buy Gold, they are usually not worried about your jewellery. They are worried about pressure on the currency, pressure on reserves, and pressure on the financial system. Gold doesn’t become important when everything is normal. Gold becomes important when the system starts asking you not to buy it.

15 years ago Australia had almost no net government debt (5-6% to GDP). Since then, despite ongoing economic growth of 2-3% avg, and essentially full employment, the govt has run increasing deficits such that net debt/GDP is now ~32%. Almost all the extra $$ has gone to welfare/handouts. Absolute joke of a country.

Incredible that the government seeks to penalise the productive, simply because it lacks the appetite to curtail a disability scheme that has lost cost discipline. Meaningful NDIS reform would erode Labor's voter base, so the burden is shifted onto investors instead. Sad to see electoral self-interest take precedence over the national interest.

If you’re Aussie, and you aren’t at least trying to pack a parachute to get out of here and protect your family from this endless sprawling confiscation, then you aren’t going it right.

$HUM.AX update 🚨🚨 Thank you for all the support. 🙏✊🏻✊🏻 announcements.asx.com.au/asxpdf/2026051…

>income tax You worked and someone paid you. We'll need to take 30%–47% of that, plus the Medicare levy. >GST Oh you would like to spend some of the income we let you keep on goods? We'll have to charge you an extra 10% for that. >negative gearing Oh you bought an investment property to offset losses against your wages? Let's scrap that. We did rule out changes before the election but we changed our minds. >capital gains Oh you invested prudently for the long-term? Thank you for putting your risk capital into our financial system, we now be taxing it as short term income. >aspiration You're young. You worked hard, saved, invested, picked up a side hustle to get ahead. But we're making sure the ladder you're climbing has fewer rungs than the previous one. Don't worry, we're doing this for your own good. At what point did you realise the game was rigged before you sat down?

Low tax jurisdictions, eg Singapore, Dubai, Hong Kong, basically anywhere as you will get taxed less. Hell, go to New Zealand. You can leave your home for 6 years and still retain the capital gains tax exemption for your primary residence. If you leave it empty or let family live in it you can maintain that exemption indefinitely. The primary residence exemption is the only true gift of the Australian tax system that is not generally shared in other tax jurisdictions. It's also a terrible idea because it pushes capital into non-productive assets and encourages the endless pursuit of a bigger and larger house which compounds that lack of productivity. It's the reason why Australian property is such an absurd multiple relative to annual income. It's a Ponzi scheme. The stupidity of killing the CGT discount is compounded by the incredibly high personal tax rates that dissuades people from working. Why would I want to work for 6 months free for the government. Compare that with Hong Kong and it's like 15%. They have incentive to work. Again the Laffer Curve. Chris makes the incredibly acute observation that it is a socialist experiment and we know that those all fail because while intellectually it might seem equitable, in practise it promotes inertia and lassitude because innovation and hard work is not incentivised and certainly not rewarded. After all, why should I work if the government will put me in social housing and pay me for my disability. What disability? I woke up sad so the GP filled my forms, and now NDIS gives me a free cleaner, someone to walk with me when I'm lonely, and care for my irritating (I mean officially autistic) children. And let's not forget the PM grew up in social housing, part of his carefully tailored image, but also means that's his reference of normality. The unseen cost in all of this is the huge amount of immigration of low-skilled workers who will happily deliver the lazy their pizza but will eventually be a burden on the health system that their lack of productivity will not have supported. The reality is that some of us generate more GDP per capita than others, and ultimately all that integrated is the wealth of the nation. If you want to increase GDP per capita you increase the calibre of your import. The more fundamental problem is when you dilute the shared viewpoint of a society, especially at such a rapid rate of the millions who have entered the country in the last few years, you effectively replace the culture, something that countries like Japan and Singapore have successfully resisted, but western democracies appear embarrassed by being western and apologetically pay homage to the bankruptcy that all views are acceptable. They don't have the IQ to realise that if you accept everything you believe in nothing. In any event I think I deviated from the question that was asked... I actually bought a bunch of books about how to start a new party. One Nation may have some of the basics correct but I'm not sure I'd want them to run the nation. In fact I asked Barnaby Joyce about that when I saw him a couple of weeks ago. Why didn't you start a new party? He said it's easier just to fit in one that's already formed...

If you are seeking to tax risk capital as income, you should concurrently reduce income tax rates. The Fed Budget is going to be mighty hairy!

Theft from aspirational Australians will be delivered in the budget next week. Young Aussie puts in $10k, compounds at 15% for 50 years → $10.84 million. Inflation-indexed cost base: just $44k. Current CGT: $2.63M tax. Labor’s new proposal: $5.23M tax. They want to seize HALF your life’s work. This isn’t tax reform — it’s theft from aspirational Australia. Stop punishing success. #TaxRaid #AussieDreamKiller