RDF

@froggy_world @capnfecklesword @missrobinson Because they take the risk.

@capnfecklesword @missrobinson People can still make money out of property but why should they get there tax discounted where people who money by working (you know. productivity) pay full tax.

20% of Australian taxpayers own at least 1 second property 10% of Australian adults have ETFs Amongst young people, home ownership has decreased from 61% to 43%. Something had to change.

@jasonpizzino You've shown that you have knowledge of risk/reward principles.

Australia should have gone further this budget rather than holding back on CGT, negative gearing and trusts... remove ALL taxes on economic productivity (personal income tax, business, employee, etc), add more tax to unproductive wealth creation (hoarding land, metals, BTC, etc). Nothing really changes until there is a fundamental change.

@0bservationism @Ben_Davison1 So, no positive outcome for aspiring homeowners which ironically is how it was sold.

@rdamof @Ben_Davison1 Unless he’s selling his assets now, this isn’t a problem, he won’t be getting a home loan on under $45k

The Wilsons are trying to convince people that the 30% tax on Capital Gains is unfair to “low income earners” A reminder that the 30% tax on wages applies from $45,000 (minimum wage approx) to $135,000 (35% ABOVE average wages) No one on less than minimum wage is an “investor”

@nadslaing @bowtiedstocks No. Immigration will.

@bowtiedstocks I think the negative gearing changes will have the biggest impact on property investment decisions and confidence.

The negative gearing change is a minor issue in reality - it is a timing difference rather than a permanent difference and just for existing resi propadee The real worry is the massive increase in CGT in assets totally unrelated to residential housing

@HonShitPostMP @SydneyKnight71 @Ben_Davison1 In the real world, my 19 y.o. son who is working multiple casual jobs and investing his savings to try and build a deposit for a home is doing something productive. Building a business is also goal of his. You have a narrow view of having a go.

@rdamof @SydneyKnight71 @Ben_Davison1 Trading crypto and shares is not entrepreneurialism or having a go. Start a business. Make something. Do literally anything productive.

@FunBrainFarts @Ben_Davison1 😆

@rdamof @Ben_Davison1 We don’t like people that try in this country Please stay quiet!

@AverageAusMan @SydneyKnight71 @Ben_Davison1 The march toward ubi and socialism continues.

@SydneyKnight71 @rdamof @Ben_Davison1 The point is if he does any trades or switches investments and makes a gain before that time, he gets taxed at 30%

@SydneyKnight71 @Ben_Davison1 You are aligning income with investment risk/reward principles. In short, to drive individual initiative, entrepreneurialism for those wanting to "have a go" and keeping off social welfare, requires appropriate reward for the risk to have a go. This budget kills initiative.

@rdamof @Ben_Davison1 No doubt some people will be impacted but if your son sells his shares to fund a house deposit he’d most likely be in full time employment by then and be in the 30% tax bracket or higher anyway.

@TMFScottP @wally_waldo83 Say you have no understanding of risk/reward in one sentence.

@wally_waldo83 So... I think CGT should be indexed just from first principles (it's simply the most appropriate basis for taxing capital gains) and fairness (no reason capital gains should be taxed at half of the rate of earned income).

I'm supportive of the removal of NG, and returning CGT to indexation (depending on the details, of course), but they're unlikely to have a serious impact on affordability. Unless... The psychological impact of NG removal is far larger than the rational mathematical impact.

@Castlebar13 @emilybwebb @Jeff4theclimate Love to see immigration laid over that, too.

@emilybwebb @Jeff4theclimate This one is even a clearer picture

It’s ok to “break promises” when it makes things fairer. The obsession with wealth creation through property in this country needs to be squelched. #budget2026

@0x_Templar @lhilakari Prices will rise, rents will rise and to top it off they now slug young ones and working class with reduced cgt incentive and minimum 30% tax on their shares and crypto that they are using to build up for a house deposit. It's a cynical tax grab disguised as fairness. Won't work.

@rdamof @lhilakari Nope, younger generations get to work and save whilst property prices slowly get shafted to multiples to income that are affordable again Won't be overnight, but bright next couple years for those looking to actually buy shelter

Anyone who is sooking that they can’t make more money from buying extra homes in a housing crisis can get in the bin. Why should the govt make your housing investment bullet proof, whilst young people can’t get a first house. So pleased the govt took action. #auspol

@emilybwebb It makes things much less fairer, you just need to look. A young person and any working class person trying to save for a home deposit just got slammed. Look beyond the glossy spin and press conferences. Our young ones have been royally screwed.

@MortenKrumpski @Ben_Davison1 Sadly, I think you're right. Entreprenurialism is dying in the great land of Oz.

@rdamof @Ben_Davison1 The party of envy don't want anyone getting ahead. They want us all employed by Govt or on its welfare teet. This ensures people don't bite the hand that feeds them.

@PAULUAPAULP @TheKouk I think it's safe to say the person you're replying to is a well paid public servant that's never started or run an actual business.

@TheKouk I started my business 25 years ago. Because of what’s changed, I would not risk my capital to start that same business again today. I’d be an absolute idiot to do that. Trust me… many business owners are saying exactly the same thing after tonight.

I've got this great but, as yet, untested idea to set up a company to make cheap autonomous vehicles. I wonder what tax rate I will pay when I sell it? (says no one)

@PugownedS Where do the 300,000 annual immigrants live, under a bridge? What do you mean nothing to do with immigration? Please tell me when 300,000 immigrants arrive in Australia, where do they live?

The Australian housing crisis is a structural failure caused by decades of undersupply and tax perks like negative gearing that treat homes as speculative piggy banks instead of essential shelter, nothing to do with immigrantion. #Auspol

@thetassiedude @longhorncapital Smart investors use their property to leverage into income/growth assets. They'll hold.

@rdamof @longhorncapital In 12 months they get no CGT concession on future gains, why would they hold?

The start date for many of these tax changes is curious - July 1, 2027 which is very convenient! Means the people actually getting whacked won’t physically PAY the ATO or do their returns til after June 30, 2028 which happens to be AFTER the next election. Shrewd politics as you’d expect from these conniving fuckers - pick up the votes from the young and those filthy at the system now, while champagne socialists/boomers/higher income earners who’ll actually cop it won’t have felt a thing yet so theres nothing to be angry about at the ballot box.. by the time the bill lands it will too late, another 3 years of these grubs

@sean21456 @ausstockchick Bingo!

@ausstockchick The most logical thing now is to hold houses forever and borrow against the equity.

I say this with the greatest amount of respect. Retail, mums n dad investors just got burnt. It’s the sad reality. The government workers punting on a couple of stocks and buying a property for their future children. The average Australian just got rug pulled and it’s going to be incredibly difficult to ever be more than average now. Exactly as planned. Today is a sad day. #auspol

@agroasx @beta_caojin Yes, the biggest one.

@rdamof @beta_caojin It’s only one contributing factor

It is obscene to tax a nurse's labor at 100% while giving a property hoarder a 50% CGT discount just for sitting on a weatherboard. If your "wealth" depends on taxpayer-funded negative gearing to outbid families, you’re not an investor—you’re a beneficiary. #Budget2026 #auspol

@Cassandrasl99 @Sugar1tas1 Wrong action unfortunately. Young home buyers are worse off now.

@Sugar1tas1 Such a long time coming Time for action

If it helps young people have a better future in Australia and owning a home. I prefer politicians' break on policy. #HousingCrisis