marrowing

posting this again so I can pin it

@Donaldbigrump @Narmisrah @laundryroast desert in relation to income is what we are talking about

@marrowing @Narmisrah @laundryroast This appears to be specifically a rebuttal to the "desert framework" defense of laissez-faire capitalism. It doesn't suggest that investment (or laissez-faire capitalism more broadly) does not reward risk in any way.

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

@Donaldbigrump @Narmisrah @laundryroast apparently arch socialist von mises made the same point, I have discovered mises.org/mises-wire/ris…

@Donaldbigrump @Narmisrah @laundryroast mattbruenig.com/2014/09/17/cap…

@Donaldbigrump @Narmisrah @laundryroast this is a very basic point of socialist thought

@marrowing @Narmisrah @laundryroast Sometimes it's okay to not reply or to concede a point.

@Narmisrah @laundryroast if investment rewarded risk-taking, investments with equal risk profiles would produce the same return

@marrowing @laundryroast Investing does not reward risk? How do you think public capital markets work? 🤔🤔

@Aquae_Sq you’re not making sense any more

@marrowing They are capable of selling themselves as a do-nothing centrist party. They are not capable of selling a change our country literally needs. That is a problem. It is not something to be ignored because "haha labor" if you care about actual change in this country.

@Narmisrah @laundryroast 1. investing does not reward risk 2. the tax is on capital *gain*

@marrowing @laundryroast Capital is risk. When you invest your capital you may lose it. How’s that the case with a job? Also you do realise you invest capital with your after tax income right?

@Aquae_Sq if they are capable of selling themselves well enough to win two elections, they are capable of selling tax reform, and immediately blame shifting to the media environment when they are clearly fucking it up is extremely unpersuasive and defeatist

@marrowing Cool. This is only relevant if you care about who wins in the abstract, and not in our country being run well and getting the changes it needs.

@Aquae_Sq they won two elections. the media environment is clearly not an impossible barrier and complaining about it whenever the government is failing to sell their own agenda is extremely pathetic

@marrowing Yeah, and the moment they try to do anything they entire media class does everything it can to destroy them. All while people on the left sit back and refuse to publicly prosecute the changes they've been demanding for years because they don't care about actual change.

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

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

@The_scanner_man to be clear I was not saying their defense of the policy was good, just the policy itself

@marrowing Albo "we have made these changes to housing, to make other investments more appealing" Interviewer "ok so why are the changes on all assets". Pretty much word for word from a pod cast late last week. The changes to housing are good

@agb201399 @laundryroast because higher taxes is always the answer westernsydneywonk.wordpress.com/2020/05/20/the…

@marrowing @laundryroast Then why not reduce the taxation of labour? Why do you lot always think higher taxes is the answer? They're getting smoked right now, and deservedly so

@Aquae_Sq they're a second-term government!

@marrowing Yeah? So what? I don't think we should be afraid of looking like we're whinging when it comes to a society defining problem.

@Aquae_Sq whinge whinge whinge

@marrowing How is Labor supposed to make a case when every media outlet in the country is ideologically opposed to them?

@The_scanner_man it’s not dumb, it’s good

@marrowing The CGT impacts to shares is dumb though and their parades through the media have reinforced they didn't actually know what they are doing

@laundryroast to equalise treatment of income from labour and capital

@marrowing Why is it sensible to apply to shares as well?

Labor is so fucking pathetic, even when they are doing completely sensible reform AND there is literally no credible opposition, they are still blinking stupidly in the light and going UHHH UHHH UMMMM like it never occurred to them they’d have to make a positive case for change

you applied it to shares!!! why would you not expect some supersonic whinging from investors? it seems like they are getting fully owned by the puffy vest brigade and have zero idea how to get control of the narrative back

@JulesLikely2 why are you repeating back to me something I already said twice

@marrowing This is a really sick view. I don't think anyone was reading it with your take.

I finished reading that belle burden divorce memoir and it is extremely average except for the sick satisfaction you get from hearing about a person from extreme wealth and privilege get completely hoodwinked and betrayed