laundryroast

@gladio_descent @nosilverv Yes and one of your omissions is Aboriginal people who are not European but who are, by definition, Australian

@nosilverv well 100% of Australia is Australian. but only 57.2% is white

Bruh only 50% of Australia is Australians? What the actual fuck

@Max151687932519 @disco___cat A discount which has been in place 30years, in other words the status quo. Functionally it’s a tax rise, the semantics don’t matter. Also 3 in 10 is *a lot*. Fact is this isn’t tax reform, it’s just a tax rise on most people

@Max151687932519 @disco___cat The magnitude of the impact is less relevant to my comment than the fact that it’s a tax rise. Also there’s a large cohort of people doing exactly that, because shares are increasingly the only viable investment strategy to build a modest amount of wealth

remember folks, when an ALP government (in this case with a massive house of reps majority) advances its policy agenda it is 'ramming it through', when LNP govs do it, it is 'pursuing reform'

@marrowing Hmm shares are a mainstream (and increasingly the only) way to build modest wealth for wage earners, and also Labor doesn’t have a mandate to increase CGT on shares, whereas they arguably do have social license to do it for housing given the urgency

@laundryroast both for egalitarian reasons and so that labour income can't be disguised as capital income

Jim chalmers shaking crying and freaking out because the founder of a QR code menu ordering startup said he didn’t like the CGT changes is one of the most pathetic things I’ve ever seen

@marrowing … that’s the outcome, not the reason. Why should those things be treated equally

@laundryroast to equalise treatment of income from labour and capital