Jas

I love how a mortgage broker has spent nearly 20k on a sign outside Canberra Airport which reads… “Getting ahead just got taxed”. Legend. #auspol

This is awesome. PTJ is a legend. Beware of all of these IPO’s that are coming. Exit liquidity. Unprecedented times

Small Cap Investing is Dead with a 77% spike in Tax Collection I have run 1,000 Monte Carlo simulations of portfolios of 20 Small Cap Stocks with the New Inflation Corrected CGT model versus the existing 50% CGT discount model. The results are devastating. The bottom line is that small caps are highly asymmetric bets where your small number of winners are meant to compensate you for your many losers. Mining companies are a good example of this situation and are a fundamental pillar of our national wealth. However if you tax those few winners at 47% with the trivial relative inflation correction you effectively wipe out the ability to offset your losses. This is because the tax drag on your few multi baggers is so high that it changes the entire logic of the investment process. It's become a loser's game. 1. ​The Moonshot Tax Penalty: Because Australian small caps rely heavily on a right-skewed distribution (a few massive winners offsetting many losers), the Indexation framework introduces a devastating tax penalty. For a stock that goes from $50,000 to $400,000, a 3% inflation adjustment on the original $50,000 cost basis is completely negligible. Under Indexation, you forfeit the 50% discount and pay a flat 47% on nearly the entire gain. 2. ​The Turnover Trap: With a 15% annual turnover, small-cap portfolios realize taxes continuously. Under the current system, every partial sale triggers a flat 23.5% effective tax rate, leaving more money inside the portfolio to compound. Under indexation, those early wins are hit at a full 47% clip, severely dampening the portfolio's forward compounding engine. 3. The Asymmetric Loss Failure: in small-cap investing, a stock can only ever lose 100% of its value, but explosive winners have unlimited compounding upside. The government’s asymmetric tax system completely devastates this dynamic: by replacing the flat 50% CGT discount with inflation-indexing for winners only, it leaves your nominal losses capped and completely unable to counteract the massive tax hike on your multi-baggers. Because a 3% inflation buffer barely dents a 400% moonshot gain, you end up paying a brutal, un-discounted 47% tax rate on the very winners that drive a small-cap portfolio's success, causing a 77% spike in total government tax take overall. Even in investing we see the socialist government wants us all to be the same. Communists. (Technical notes: Model executed using Gemini Pro with 1,000 portfolios of 20 stocks each with the volatility and median return typical of this class of small cap stocks over the last 10 years, using a geometric mean process to step forward each portfolio each year).

EIA: largest oil draw in history Oil: -4% Madness. (1 min chart of release below)

Selling millions of metric tonnes of coal annually to China to power their ~1,200 coal plants (and growing) is fine. 18 coal fired plants in Australia is an emissions problem. Hit ♥️ if you think Australians are being scammed by net zero grifters

@respeculator @theAZtrader @respeculator interested how you are using these? Obviously trying to work out identity of sellers/buyers but how do you link it with the brokerage firm?

@theAZtrader #WA1 thanks chief

Will pump out a few broker data requests, send me the ticker and timeframe (one per person)

Hate to say it.. but with policy like this and capital gains tax policy… NZ is looking pretty damn good rn..

@strangerous10 If the increase in asset taxes corresponded with a reduction in income taxes we might believe her

For Sunrise viewers who couldn’t hear Tanya Plibersek over Nat Barr & Barnaby Joyce’s constant interruptions, what she said was “Those who work for a living should not get taxed more on their wages than ppl who are living on their assets”✅ Hard to argue with that. #auspol

In 2009 Australia’s top marginal tax rate of 45% kicked in at $180k If this had been properly indexed to inflation, today it would kick in around $280k Instead, it hits at $190k This is a dishonest and stealth form of theft We don’t hate these politicians enough !!

@Kaizen__8 @MerlijnTrader Spot on 🤣

@MerlijnTrader Good thing the Iranians don't read X, otherwise they might bomb the sh*t out if it. Phew. Close call.

BREAKING: 🇦🇪 The UAE just made the most strategic infrastructure decision of 2026. New oil pipeline. Bypassing the Strait of Hormuz. Launching 2027. The UAE that warned America about dollar dependency. The UAE that left OPEC. The UAE that watched Iran close Hormuz twice. Now building their own route out. Iran's greatest weapon just became irrelevant. Again.

If Labor wants to use inflation to calculate your capital gains tax then inflation should also be taken into account calculating income tax brackets. Two way street and all that.

PM Albanese confronted over lying to Australians 🇦🇺

We get it — you’re a taxpayer-funded ex-Treasury guy who loves big government. What we don’t get is why Labor is torching our tax dollars on NDIS rorts that have blown the scheme from ~$14b to $52 billion a year (with Health Minister Mark Butler admitting it’s “way out of control”), a $411–450 million failed Voice referendum that divided the country for zero result, and driving national gross debt past $1 trillion with structural deficits locked in for a decade. Medicare bulk-billing is tanking, aged care is a disgrace, and roads/schools are still crap — yet Labor keeps hiring bureaucrats and protecting union mates while ordinary workers cop bracket creep. That’s not “services,” that’s incompetence on steroids. Fix the waste before lecturing us about loving tax.

The government sector as a share of the total economy is the largest since World War II. It is a greedy python asphyxiating private activity. Why work hard when you can get a government-guaranteed income that is more than a real company will pay you? New Zealanders joke that some of their smartest students move to Australia to earn more than A$200,000 a year holding a stop sign on a worksite. By 2028, Aussie politicians at the federal and state levels will have spent and borrowed $1.0 trillion of extra taxpayer money since 2019. That is the real-world value of their borrowings. The media lets politicians off the hook by relentlessly citing “net debt” figures. Nobody in the real world cares about net debt. They care about actual, or real-world, borrowings: how much you owe. If you have a 45 per cent mortgage against the value of your home, do you tell everyone that you have “negative net debt” because your home is worth more than the mortgage? No. What you worry about is the debt that you have to pay interest on every day. And as rates rise, that interest bill is rocketing through the roof. Do you believe that the NBN is actually worth the $22 billion that the Treasury deducts from gross debt to get the net number? Could Starlink destroy much, if not all, of the NBN’s value? Possibly. The net numbers are so rubbery they are meaningless. The media likes to claim that Victoria’s government owes net debt of $150.9 billion. But in the real world, Victoria’s actual, or gross, government debt is $72.5 billion higher at $223.4 billion. Back in 2019, the Victorian state owed just $63 billion. By 2028, that liability will have ballooned to $270 billion. To put that more bluntly, state politicians will have racked up total debts worth $36,600 per Victorian. The problem is that the people owe much more because the federal politicians in Canberra are just as addicted to the game of spending other people’s money. Yet most folks seem not to think about their pork-barrelling that way. When you start considering how much we each owe care of political largesse, it hammers home the point that they are robbing Peter to pay Paul. On a national scale, Aussies will owe the world $1.8 trillion of public debt by 2028, up from $789 billion in 2019. That is not our personal private debt. It is the debt politicians have borrowed on our behalf. That means every man, woman and child will owe $63,300. It is an incredible sum. Even more remarkably, it was only $4,600 per person as recently as 2007, when all levels of Australian government owed the world just $96 billion. afr.com/markets/equity…

Why does government revenue have to be increased through new taxes? It doesn't. The increase in spending needs to be capped. Spending needs to come down. They are getting ridiculous increases in revenue through inflation and bracket creep.

@RBAInfo Can you please round it up to a .5 and do it in proper quarters again ffs. Doing my OCD in to no end.

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.35 per cent. Read the full statement here: ow.ly/mPc550YUPWc

@tommorris32 @1116sen @7AFL So Sportsbet are the ethical/mature ones in this??? Unbelievable

Sportsbet and umpire Nick Foot have parted ways. The company is making some changes. They won't feature any current administrators or officials in their programming to ensure clear separation from their roles. @7AFL @1116sen

🚨 Australia’s money is getting absolutely TORCHED. According to this Global Money Supply Growth chart (USD terms, as of 4/30/2026): Australia sits at +20% annual growth — one of the highest in the developed world. That’s right behind Colombia (30%), Mexico (27%), Uruguay (26%), Peru (23%) and Brazil (21%). 20% money supply growth = rapid currency debasement = your savings, wages and buying power are being quietly stolen every single year. 💸🇦🇺 Meanwhile, countries with actual good governments are doing the opposite: Japan: contracting Argentina: -11% 🔥 How? President Milei slashed government spending by ~30% and is delivering real fiscal discipline. Result? Their money supply is actually SHRINKING instead of exploding. Australia, take note. We’re not “doing fine” — we’re in the top tier of money printers while others are fixing the problem. Time to demand the same discipline in Canberra. What do you reckon, Australia?

@JoshuaReed29_ You missed bootlegger. Finnas back on @AceingItUp

South Australian Derby Day - Morphettville Race 1: #4 Straand Deal Race 2: #4 Odessa Race 3: #7 High On The Hill Race 4: #5 Smother (E/W) Race 5: #7 Starts Now (Save #10 Tropical House) Race 6: #10 Chocolate Royal (E/W) Race 7: #6 Rohesia (#11 Tip Top Tori E/W, More Place) Race 8: #14 After Summer (E/W) Race 9: #7 Tosen Water (E/W) Best Bet 🥇: Race 7: #6 Rohesia Next Best 🤑: Race 3: #7 High On The Hill