Who is John Galt?

[Who is John Galt? @AustRepublican]

@RobToThheOz I hope you don't make any income tax deductions at tax time

Otherwise you would be a hypocrite

[Who is John Galt? @AustRepublican]

Work hard

Pay tax

Save money

Invest

And sh!tbags will demand to tax you more because you didn't waste it like they did

[Rob 101 💙 @RobToThheOz]

Been arguing this similar line for months. Why should a nurse earning $100k get taxed at 28% but an investor earning the same income from capital gains pay a tax rate of 7%. Same income $20k less in tax for the investor with >$500k in investments. Tell me why it is fair.

[Who is John Galt? @AustRepublican]

@twaitiblog He isn't too bad.

Plus the way out system is set up, you could have the best ideas in the world

And we will always do the opposite

[Who is John Galt? @AustRepublican]

The money invested had already been taxed prior to any capital gains being made.

The money in Super was taxed on the way in at 15%. (Governments already looking to tax more on the way out)

The problem is high spending Governments need to extract ever increasing amounts of wealth from people to buy votes

[Scott Phillips @TMFScottP]

The government is tying itself in knots trying to explain the CGT changes.

But @spenderallegra did it for them *months* ago.

This is the line they should be using:

[Who is John Galt? @AustRepublican]

@DanielDayJewish @IFM_Economist https://t.co/VuCg9kvkZ1

Sorry I may be mistake

Seems like alot is being taken out and put in self managed funds.

All very interesting

[Who is John Galt? @AustRepublican]

You aren't "paying" anything.

It is no different to you claiming work expenses on tax and not paying tax on that amount.

No one is being given money, just keeping more of their own

And this goes far beyond housing

I could understand housing but Labor took the public good will and has massively exploited it to tax everything more

[Who is John Galt? @AustRepublican]

@DanielDayJewish @IFM_Economist To reduce mortgages.

Taking a lump sum out of an investment portfolio to place it into another, higher taxed, investment portfolio doesn't make sense

[Who is John Galt? @AustRepublican]

@4mambo Strange, anyone who shares your ideology is allowed to be Rich

But if they don't they deserve to be taxed to poverty to pay for your ideology

[Who is John Galt? @AustRepublican]

India's economy relies heavily on exporting their population as low class wage slaves

That then send back Billions in remittances

[Narendra Modi @narendramodi]

India’s growth momentum remains strong!

GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms and the hard work of 140 crore Indians.

We shall leave no stone unturned to further ‘Ease of Living,’ ‘Ease of Doing Business’ and increase opportunities for our youth.

[Who is John Galt? @AustRepublican]

@cathynewman @Keir_Starmer @elonmusk So anyone who doesnt 100% agree with your ideology is the enemy

[Who is John Galt? @AustRepublican]

@SimonFraser00

[Who is John Galt? @AustRepublican]

@alexwickham

[Who is John Galt? @AustRepublican]

@ClareONeilMP Labor continuing from where the Libs left off

[Who is John Galt? @AustRepublican]

"Decent "British" people"

The type that called for fury and protests (during a Pandemic) because the person was Black

[ALASTAIR CAMPBELL @campbellclaret]

Any chance you lot could one day be on the side of decent British people against far right Americans who have nothing better to do than spread hate and division around the world? Or is this what Rupert wants?

[Who is John Galt? @AustRepublican]

@campbellclaret You love importing American problems when they are used by the Far Left

[Who is John Galt? @AustRepublican]

@RobToThheOz Because the money used to invest was already taxed when it was earned.

Just because someone doesn't waste their money doesn't meant you get to steal it to fund your wasteful life

[Who is John Galt? @AustRepublican]

@4mambo So cheap" because it gets massive Government subsidies

Ideas so good they have to be mandatory

[Who is John Galt? @AustRepublican]

If people don't pay for a service they use

The money has to come from other areas

This is why Leftism has made everything worse

[Ellen Sandell @ellensandell]

Free public transport seemed impossible... until it wasn't.

The Greens will tax the ultra-rich corporations to make free and frequent PT permanent.

[Who is John Galt? @AustRepublican]

@DanielDayJewish @IFM_Economist I disagree

Much more likely it's because we are all poorer and they are just trying to keep up

[Who is John Galt? @AustRepublican]

@IFM_Economist Superannuation always assumed 2 things

You own your home

You would move onto the aged pension

[Who is John Galt? @AustRepublican]

@blowingtom2 @theyareaverage They work on commission

They have doubled their $$ through no effort of their own

But people will still use them instead of creatinga new better way