Phil Treyvaud

@YvonneGunn @strangerous10 A wonderful history there, thanks for sharing Must be desperate to deflect.

@thetrueCatpack @strangerous10 Run along Phil and watch your video tapes and rock your boat.

Jim Chalmers fires back at media reporting saying there is “no tax on inheritances or inherited assets.” Calls on them “not listen to the scare campaigns from people who have a partisan or a commercial interest”🔥 If only.🙄 #auspol

@firstfusilier @JEChalmers Not a different position. They just hid it during the election

Integrity matters @JEChalmers, and you clearly don’t have any.

@SimonBanksHB @kingsGambit6 Existing Discretionary trusts are not grandfathered. Discretionary Trusts protect assets. Gee you must not think very highly of farmers. They use Trusts to protect their farms and help keep them for generations. Perhaps you just want Govt to own them all?

@kingsGambit6 The tax on existing trusts is grandfathered Fixed testamentary trusts protect assets Discretionary trusts are used for tax minimisation And protects the wealth of tax advisers

If you repeat the line "death tax" as a journalist Without making clear it is an LNP or conflicted tax adviser's talking point that has no substance in fact or law Then you aren't a journalist There is literally no element of the ALP's policy that supports that claim

@pariahforhire @strangerous10 Oh Simon, You seem like a lovely bloke. Enjoy your evening.

@thetrueCatpack @strangerous10 Well I hope they take all your money and assets, Phil, and give it to someone more deserving, like some newly arrived refugees.

@WhereMyOstrich @AaronDodd You turn up with a lie or ignorant of reality. Who is the DH?

@thetrueCatpack @AaronDodd Such a compelling argument, dickhead

The govt provides you skilled, healthy workers, a secure stable environment to operate it (both financially and legally). It provides a police force to keep your business physically safe. It provides export support if you need it and a host of other services. You dickhead #auspol

@WhereMyOstrich @AaronDodd Totally wrong.

@thetrueCatpack @AaronDodd And only future investment is affected

@SimonBanksHB @CampbellNewman So now that the tax on any investments they make are going to be taxed more, it will take them longer. I would LOL, like you did. But it’s no laughing matter. They are not getting the same opportunity we had. Tragic

Weirdly @CampbellNewman is arguing that the kids shouldn't do what their parents did Shouldn't be able to buy a home at the same stage of life that their parent did LOL

Yes many fail unfortunately. Thankfully many survive and prosper, as small business as a collective is the largest employer group in the country. Full respect for anyone who has a crack though . As you say it’s most certainly no easy means to wealth, which makes the payout when sold, being attacked by the Govt all the more galling.

Intergenerational inequality has been talked about for years. It's not the new "buzz term" not something that came out of a focus group. Past governments have pretended to do something about it. We finally have a government that is doing somethingto address it. I made no claim you defended NG. My point was about the false claim the government's tax reforms were only about housing. As for the claim the best form if wealth creation being establishing your own business. What garbage. 60% of new businesses fail in the first 5 years. It's not an easy means to wealth. Most struggle financially and end their business experiments with huge debts.

@AstinTrisha @strangerous10 Respectfully- is this parody ? All Govts do somethings that are fair to some people. No Govt is fair to everyone

@thetrueCatpack @strangerous10 Things change. every new change will be fairer for Australians. Labor is the only party that does fairness.

@AaronDodd You dont make investments based on Govt policy, agreed. But you do consider the potential changes, as best you can. Equally - when you set up your own business, you do have some degree of expectation or faith that your own Govt isn’t going to stiff you .

@thetrueCatpack When I was at University, I was repeatedly told not to make investments based on government policy as it can change without warning. Caveat emptor.

A shame you really dont understand. When it comes to negative gearing - I have said nothing in its defence. So you can stop with confected rage or discontent. “ Intergenerational inequality “ The new buzz term, presumably came out of a focus group. Labor’s plans on CGT is creating it , not stopping it. I believe the younger people seeking to create their own wealth, grow their deposit , through investing - in what ever they choose, should have the same CGT rates that my Generation has had. Not basically double. As is being proposed. Which will make Intergenerational inequality - real. And long term investors, invest in Companies that provide a return on investment via growth or income. If people react to Trump tweets or actions, that’s on them. And the best investment is in yourself. When you create your own business . That gain has just been smashed.

I find it funny how when the government proposed the tax reforms they talked about intergenerational inequality. They didn't limit it to housing. They talked about older generations taking advantage of tax laws that aren't as available to younger generations because they haven't worked long enough to own assets. They talked about workers who pay more tax on their wages than what investors pay on their assets. They talked about 90% of wealth being in the hands of the top 10% of income earners. Yet all you people heard, or should I say wanted to hear was changes to negative gearing....housing. As if you hold some privileged position in society that dictates the rest of the population must subsidise your asset determined wealth, your access to services and your use of infrastructure. Additionally you talk about the impact on your share investments of changes in government policy. Share investments where gains go up and down at the whim of other investors? That go down when Trump shits and up when he pisses? One of the most volatile forms of investment where prices can plummet when anyone at the RBA sneezes and you want to whinge about the government changing a policy that's been the same & unchanged for 27 fucking years. Go away.

@ricketyclik @Ben_Davison1 So everyone over the tax free threshold , presumably. And companies making profits etc.

@thetrueCatpack @Ben_Davison1 Those of us who pay tax do, yes.

“Founders” thinking they “built the business without any help from government” are generally delusional narcissists Government provides -Educated & trained employees -The rule of law -Roads, rails, NBN, electricity, gas & water for your workers, products & services -Civil society

@AstinTrisha @strangerous10 It’s very true Trisha. Are you denying they ever said that would not touch CGT during the last election.

@thetrueCatpack @strangerous10 not true..

@james00000001 It is taxed. More than once.

@thetrueCatpack If the investment earns money by dividends etc, or you sell it with capital gain, you've earned money. It should be taxed just like you'd worked a job to earn the money. Not discounted - that was just a vote grab by Howard It's irrelevant how you got the money for the investment

Look at this ridiculous take, from a greedy person who thinks he's owed a living. He thinks that taxing income from investments is double taxing. It's not! Howard was lying - to get votes. Income from investments should NOT be discounted compared to income from productive work.

@ricketyclik @Ben_Davison1 Actually - we pay.

@thetrueCatpack @Ben_Davison1 They paid for the education, health care, security and roads for your employee to be able to work.

@zorropetro @Ben_Davison1 Actually also Uni. Good to know you don’t give the individuals any credit for their intellect, work ethic and ambition. It’s all about the Govt. 🤦‍♂️🤦‍♂️

@thetrueCatpack @Ben_Davison1 Did your staff go to a school where they were educated. Government funds schools🤦‍♂️

Corruption after Corruption. It never ends in Victoria

I realise company tax levels haven’t changed. The concessions arent new. The only new announcement when you sell is that the 50% discount vanishes, to be replaced with a system deemed not fit for purpose last century. You can argue all you like, the fact is - more tax will be paid when you realise a gain.

@thetrueCatpack @Mercfan3Mercfan I am a small business owner. Tax is not doubling. Normal company income tax is unchanged. CGT only applies when the business is sold and there are still plenty of discounts that apply, especially for small businesses.