Milly M. 🍳

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Milly M. 🍳

Milly M. 🍳

@farturkey

🐽

Katılım Eylül 2011
348 Takip Edilen154 Takipçiler
Milly M. 🍳
Milly M. 🍳@farturkey·
@SpamAccoun39108 @keithmarlowau @JEChalmers Because 1) investing is risky, 2) they can't offset capital losses against income, only against future capital gains, 3) they've already been taxed on their initial capital, 4) winning money gambling is not taxed unless it's your main job.
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Spam Account
Spam Account@SpamAccoun39108·
@farturkey @keithmarlowau @JEChalmers Why shouldn't it be? If someone who doesn't work at all bought shares for $1m ine year, and sold them next the year for $1.1m, why should they pay less tax than someone who worked all year for the same $100k income? Why should the government subsidise someone's lifestyle choice?
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Keith Marlow
Keith Marlow@keithmarlowau·
30% minimum tax rate on CGT. So if you happen to live off your investments capital increases, your lowest tax rate is now 30%? What about young people trying to grow their nest egg by investing - isn't this a slap in the face to them??? @JEChalmers
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Milly M. 🍳
Milly M. 🍳@farturkey·
@belizardd @YashasEdu @pendle_fi @GammaSwapLabs Didn't understand Gamma back in 2022 and lost 30% of my position on an ETH-USDC pool over the course of 3 days. Checking their analytics they swapped the Eth to USDC at the absolute bottom and the USDC back to Eth at the absolute top. Do not recommend.
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defizard
defizard@belizardd·
Ranking things I hate in DeFi: 1. 4% APY (... it's just boring. I like max degen looping (42%+ yield), or at least @pendle_fi PTs with ~20% yield) 2. Hacks (especially when I lose money on them) 3. IL (there’s @GammaSwapLabs, which partially solved it, but it’s not widespread) 4. Illiquid markets 5. Drift Protocol
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Milly M. 🍳
Milly M. 🍳@farturkey·
@aaronsmith You would be surprised. They don't put very much into those ETFs, so the CGT they pay won't help generate that much revenue, but it will have a meaningful impact on these individuals lives.
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Milly M. 🍳
Milly M. 🍳@farturkey·
@SpamAccoun39108 @keithmarlowau @JEChalmers PwC released a worldwide CGT comparison table 3 weeks ago. Most developed countries tax capital gains between 10-20%. CGT is taxed on gains you make from your after tax income. Why should be anywhere near as high as income tax itself?
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Spam Account
Spam Account@SpamAccoun39108·
@farturkey @keithmarlowau @JEChalmers There are a handful of countries that dont tax gains except if that's the business someone's in. But the broad rules defining "being in the business of trading" mean very few people actually end up excempt. Most countries just tax Gains as normal income. Our 50% discount was huge
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Sparky777
Sparky777@Potstirrer111·
Lessss go! Finally the end to negative gearing
Sparky777 tweet media
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Spam Account
Spam Account@SpamAccoun39108·
@keithmarlowau @JEChalmers It's 30% on the net gains after indexation, which is broadly inline with most other OECD nation's systems, after 27 years of the biggest CGT discounts in the world, which haven't seemed to have helped "young people grow their nest egg"
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Milly M. 🍳
Milly M. 🍳@farturkey·
@michael_timbs CGT is lower than income tax everywhere in the world. In fact, most developed countries have 10-15% CGT rates and a number of our closest neighbours (NZ, Singapore) don't even have CGT.
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Michael Timbs
Michael Timbs@michael_timbs·
It is structurally unfair that CGT is lower than income tax. It means the rich can keep getting richer at lower tax rates. Unfortunately my hope was we’d cut income tax to match CGT rate in order to make it fair for people. Alas, we’re just seeing boomers pull the ladder up after them and making everyone pay insane levels of tax on all income.
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Milly M. 🍳
Milly M. 🍳@farturkey·
@yupitchris @AvidCommentator All the savvy young people I know are heavily invested in ETFs and growth stocks, trying to get ahead and save for their future. Now, there is another group of young people I know who spend their paychecks every Friday getting shitfaced. Which group is being penalised here?
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Chris
Chris@yupitchris·
@AvidCommentator 😂 mate, are you absolutely right? This is the worst possible example you could ever create in your mind. There is not one 22yr old who works at Woolworths who is investing into Index Funds. Take the hyperbole down about a 1000 notches.
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Tarric Brooker aka Avid Commentator 🇦🇺
Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·
This is Emily (hypothetical). She is 22 years old and works part time at a supermarket while at uni, she is very frugal and puts most of her pay into index fund ETF's. When she sells those she will be slugged at 30% minimum capital gains tax, despite being a low income earner.
Tarric Brooker aka Avid Commentator 🇦🇺 tweet media
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Greeny
Greeny@greenytrades·
If you’re an Aussie under 35 and reading this, the message is simple: the wealth building game you were promised doesn’t exist anymore. Property is gatekept. Shares and Crypto are taxed harder. Trust structures are punished. You either learn a new game or you spend your life paying for someone else’s.
Greeny@greenytrades

Government’s plan to help you build wealth in Australia: ❌ 50% CGT discount gone ❌ Negative gearing killed for new investors ❌ 30% minimum tax on capital gains ❌ Trust income hit with 30% floor Translation: the rules that built wealth for the last generation don’t apply to you anymore. Adapt or stay broke.

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Milly M. 🍳
Milly M. 🍳@farturkey·
@ad0rnai I mean diabetes will catch up with you eventually if you get TOO fat
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Lan
Lan@ad0rnai·
being a dad sounds awesome you just need to make like ~80k/year and change a diaper once or twice and everyone thinks you’re a hero and also no one judges you for getting bald or fat
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Milly M. 🍳
Milly M. 🍳@farturkey·
@alyssaleann Many successful women in my industry work their assets off to make partner before having 2 or 3 kids in quick succession. Unfortunately it's getting harder to make partner before 35 these days so this is becoming less and less feasible.
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Milly M. 🍳
Milly M. 🍳@farturkey·
@mert Love your work on Helius / Solana but you should really stick to your lane buddy. Aligning yourself to views that 90% of the free world disagree with won't get you far outside of X.
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mert
mert@mert·
in case you were wondering how socialists are doing they are now openly promoting literal theft in the new york times
mert tweet media
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Milly M. 🍳
Milly M. 🍳@farturkey·
@GreatLakesWife_ I guess it depends on the kid. My daughter can go all day without eating anything until dinner (we have to remind her to eat breakfast and lunch), whereas my son needs to have an emotional support snack in his hand at all times outside. Granted, he's only 1.5 yo, but still.
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Great Lakes Wife
Great Lakes Wife@GreatLakesWife_·
The snack obsession needs to stop. I will not be bringing snacks to the park unless we plan on being there for hours on end. Kids can play without constant snacking!!! 🗣️
Ashley Fitzgerald@RizomaSchool

The reason I get all uppity about things like snacks, screens, water bottles is this constant stimulation for kids is quite literally and obviously making kids who are in significant cognitive decline relative to previous generations. There is boatloads of research on this!

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Milly M. 🍳
Milly M. 🍳@farturkey·
@LisaBritton This is so common in big cities, no one is ready to settle down. When my friends moved out of London into smaller towns across Europe, it suddenly became so much easier to find the right person - and they're all popping out kids now.
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Lisa Britton
Lisa Britton@LisaBritton·
I have 6 close friends—late 30s/early 40s, all liberal, progressive women—and out of the 7 of us, only 2 have children. All the rest have expressed concern or regret, wondering if they made the right decisions in life putting off family. The oldest went to freeze her eggs thinking she had time and they said “you should have done this years ago,” devastating her. All have told me they feel like the messaging over our lives devaluing motherhood, glorifying career and saying we had lots of time impacted their life choices, and they’re frustrated. One of the friends with a child says she feels guilty sometimes that she has a toddler while the rest are struggling over this in different ways. Yes, we’re from big cities so it might be more common, but there are so many women out there who are struggling right now with being older and childless. We need more women speaking up for them, and warning the next generation of women about the reality of waiting too long. The Matt Yglesiases of the world can sit the f down.
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Kevin Burch | Sky High Confidence
Kevin Burch | Sky High Confidence@thekevinburch·
@acekingspades Nah, forcing kids into a bully-rich environment with only same-age peers is weird and stressful. If anything homeschooled kids tend to be better adapted socially.
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Kevin Burch | Sky High Confidence
Kevin Burch | Sky High Confidence@thekevinburch·
Spoke to guy at the gym, turns out we both have kids about to turn 4 Him: they’ll be starting school at the same time Me: we plan to homeschool Him: oh, we’d love to homeschool too, but we both work His job? School teacher.
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Milly M. 🍳
Milly M. 🍳@farturkey·
@katexbt It's like 2022 all over again, losing money to multichain rug, horizon bridge exploit, FTX, etc.
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katexbt.hl
katexbt.hl@katexbt·
going to sleep but one thing i will say for sure is its going to be immensely difficult for the general public to put their hard earned freshly onramped dollars into defi unless there's swift (<1y) legal action and reimbursement for one of these big exploits gn CT
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Milly M. 🍳
Milly M. 🍳@farturkey·
@wrightca My parents said the same thing (that I told them I didn't want a sibling), but when I became a teenager I changed my mind and they said it was too late. I still resent them for listening to child me.
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Milly M. 🍳
Milly M. 🍳@farturkey·
@TheLaurenChen Yes! Mine promised to be super available and ready to help but they totally back pedalled when they realised how much work it was to look after a newborn / toddler (they had a ton of family help themselves so never realised with us).
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Lauren Chen
Lauren Chen@TheLaurenChen·
Boomers don't want to hear this, but one of the (many) reasons why my generation isn't having as many kids? A lot of millennials feel they can't depend on their parents for help the way they saw their own grandparents pitch in when they were growing up
I,Hypocrite@lporiginalg

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Milly M. 🍳
Milly M. 🍳@farturkey·
@ClintFiore @PatrickHeizer On the nights my kids go down later they wake up at the same time in the mornings, except a lot more tired and grumpy.
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Clint Fiore 🦬 DM for Biz Deals
Clint Fiore 🦬 DM for Biz Deals@ClintFiore·
@PatrickHeizer the real hack is putting your kids to bed later so they sleep in later and you can both have quiet mornings. parents that put their kids down at like 7 or 8 always befuddle me. It's like they are asking for early morning kid chaos. They ain't gonna sleep 12 hours, duh.
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Keşfet

@SpamAccoun39108 @keithmarlowau @JEChalmers @belizardd @YashasEdu @pendle_fi @GammaSwapLabs @aaronsmith