INSANE 🚨 Australia’s new CGT rules = double taxation madness for top earners (47% bracket):
1. Earn $1,000 income • Taxed at 47% = $470 income tax • Left with $530 to invest
2. $530 investment doubles to $1,060 • Capital gain = $530
3. Under new rules (replaces 50% discount — real gains taxed at full marginal rate up to 47%) • CGT at 47% on $530 gain = $249 tax
4. Total tax paid: $470 + $249 = $719
5. Final amount kept: $1,060 − $249 = $811
You started with $1,000 pre-tax earnings.
Government took $719 in taxes.
You end up with $811 — even after doubling your after-tax money.
Work once → taxed at 47%.
Save & invest → taxed again at 47%.
This is why the new CGT changes kill incentive to work, save and grow wealth. 🇦🇺
#AussieTax #CostOfLiving #TaxReform
Tax on investment gains
🇳🇿 NZ: 0%
🇸🇬 Singapore: 0%
🇨🇦 Canada: 27% max
🇬🇧 UK: 20% – 24% max
🇺🇸 US: 20% max
🇮🇱 Israel: 25% (Standard)
❌❌ 🇦🇺 Australia: 30% - 47%
Labor’s new minimum capital gains tax is HIGHER than the max in most nations.
Higher taxes = less investment.
🚨🇺🇸🇨🇳YOUR HEARTBEAT, THEIR HACK: CHINESE MONITOR SPILLS YOUR SECRETS
A widely used Chinese-made health monitor has a built-in backdoor that transmits patient data to a remote Chinese IP—and no, it doesn’t even log it.
U.S. cybersecurity officials found that the Contec CMS8000 device allows full remote control, copying files and running commands without detection.
Even worse? The same backdoor is in other medical devices, including pregnancy monitors.
Your vitals might not be just yours anymore.
Source: ZeroHedge
🚨🇦🇺QUEENSLAND HALTS NEW GENDER THERAPIES FOR MINORS
The state has paused access to puberty blockers and hormone therapy for new patients under 18 as it launches a sweeping review of gender-affirming care.
Nearly 600 children already receiving treatment can continue, but no new cases will be approved until the review concludes.
The move follows reports that children as young as 12 were prescribed puberty blockers without proper parental consent or medical oversight at a Cairns clinic, sparking an internal investigation.
Health Minister Tim Nicholls said the review will address whether care aligns with Australian guidelines.
Source: SBS News
Jesus Christ. This dude aped 1 million into $TRUMP and turned it into 120 million.
he transferred to a bunch of accounts, sold some , but is holding the majority it seems
HOLY FREAKING CRAP
$META JUST NAMED UFC CEO DANA WHITE TO IT'S BOARD OF DIRECTORS
$META +5%
This is one of the SMARTEST things that Zuckerberg has ever done.
Why?
- Dana White is cool. He is one of those guys that people just like. Zucks has recently started to get into MMA, so the fact that he has someone like Dana on his board is massive in terms of increasing his own brand awareness.
- Elon has Trump's phone number on speed dial. Zuckerberg, no matter how many millions of dollars he donates, will never be on Trump's "good" side given the censorship in 2016-2021. You know who does have Trump's ear? You know who is Trump's BOY?
Dana White.
Zuckerberg just got himself a front row seat to the White House.
4D CHESS.
We have now confirmed that the explosion was caused by very large fireworks and/or a bomb carried in the bed of the rented Cybertruck and is unrelated to the vehicle itself.
All vehicle telemetry was positive at the time of the explosion.
CHAMATH: OPENAI IS THE BIGGEST DISAPPOINTMENT OF THE YEAR
"OpenAI faces serious risks beyond their control.
First, the quality of these models has hit a wall. Game-changing improvements will come from private data—like what Elon owns through X—not OpenAI.
Second, Elon’s massive NVIDIA cluster purchase and promise to buy 900,000 more puts him at the front of the line, consuming NVIDIA’s attention.
It’ll be tough for others to keep up."
Source: @chamath@theallinpod
Things that didn’t exist on Christmas 25 years ago:
iPhone
Tesla
YouTube
𝕏
SpaceX
Gmail
Instagram
Bitcoin
Facebook
Skype
Amazon Prime
Google Maps
Netflix streaming
Android
App Store
WhatsApp
TikTok
Snapchat
Fitbit
Xbox
Pinterest
LinkedIn
iPad
Uber
Airbnb
Reddit
Spotify
Zoom