This Labor government is economically incompetent.
They are stealing from the younger generation, putting $1 trillion in debt on the national credit card. This amounts to $36,000 for every Australian, and every young person will have to pay this back and more.
They're forcing young Australians to compete against mass migration for a rental, while putting home ownership completely out of reach.
I won't take lectures on "intergenerational equity" from this Labor government. They abandoned hope for this country and all of its people long ago.
Been offline for a few days.
A few comments:
1. The Australian government is digging their own grave with these CGT discount changes.
2. The One Nation by-election win is a harbinger of a trend just finally beginning in Australia.
It's the beginning of 'the big one' - when ordinary Australians finally decide they have had enough of both corrupt, slimy slides of 'mainstream politics' (as Albo calls them) and kick them to the curb where they belong.
3. 1 will propel 2, because business interests in this country have largely been silent on mass migration due to the stigma associated with publicly being against it, but they will not remain silent when the thing they care about most is jeopardised: money
Australia punches above its weight intellectually.
We are a small population but we do genuinely have some smart people here.
It's just that they largely all leave and go to America, where they are not treated like shit and don't have their wealth stolen from them by a corrupt government who then allocates the stolen capital into things that benefit themselves.
It is incumbent on all Australians to call out just how corrupt this government is - and really now, every Australian government for the past two decades.
We are long past the point of platitudes and friendly suggestions.
These people must be removed from office.
They are incompetent, they lack integrity, they have no right to be telling hardworking Australians how to live their lives, and they certainly have no right to steal 50% of your money for starting a successful business - only to then allocate that capital into fraudulent schemes like the NDIS.
The audacity of this government to say that removing the CGT discount is about intergenerational equity is disgusting.
Yeah @AlboMP please explain to everyone how removing the discounts your boomer generation voted for and used to pump the living shit out of your non-productive property portfolios, and which now the next generation can't even use to be incentivised to start a BUSINESS (not even buying/selling property or shares), is 'equitable'. What a lying retard this bloke is.
He has zero understanding of economics.
The absolute audacity to do this, after using taxpayer's funds to subsidise demand into the housing market to inflate their dogshit properties supposedly worth millions of Pacific Pesos, is insane.
It's the type of immoral shit that could only possibly be dished out by a bloke who has taken from the public his entire life. Not a single private sector role. Truly pathetic shit.
We need a referendum to exclude any person who has not served a decade in the private sector from public office.
These people could not be entrusted to run a local pie shop let alone a country.
The funny thing about all of this is the boomers have sewn the seeds for a truly radical person a decade from now to literally just steal all their shit. That's the mood they have created. No one will give a shit. They will remember who stole from them.
'You steal my opportunity? Okay, I will remember that a decade from now when we have power, and steal every last cent back' - this is the political environment we are heading towards over the next several years. Things are going to get very extreme... Best analogy is Germany 1930s.
Australians deserve better, and One Nation is the beginning of that, not the end.
Theft from aspirational Australians will be delivered in the budget next week. Young Aussie puts in $10k, compounds at 15% for 50 years → $10.84 million.
Inflation-indexed cost base: just $44k. Current CGT: $2.63M tax.
Labor’s new proposal: $5.23M tax.
They want to seize HALF your life’s work.
This isn’t tax reform — it’s theft from aspirational Australia.
Stop punishing success. #TaxRaid #AussieDreamKiller
Adopting Claude speak in my regular life, episode 1:
Partner: Did you do the dishes tonight?
Me: Yes they're done.
Partner: Why are they still dirty?
Me: You're right to push back. I didn't actually do them.
@StockMarketNerd I’m genuinely triggered that this even needs to be put in to words. With the amount of money Chamath has grifter from naive ‘investors’ i think a genuine argument could be made that he’s a net negative to society. Absolute insect.
@JEChalmers “We know many Australians are doing it tough which is why we continue to roll out responsible cost of living relief” - you clowns are the literal cause of it; and the definiton of irresponsible. Give yourself an uppercut.
@craigkellyAFEE Is he aware of the mushroom murderer? Someone needs to aware Albo of Erin Patterson.
Surely we can waste 6 or so zeros worth of taxpayers’ money buying some fungus?
@tobaccoinsider The half-life is ~half that of caffeine which i find to be a big positive in relation to sleep quality, if i’m training late in the day.