@Chartrader1@eadatt The government sees itself as one big charitable organisation doing the work of god taking from the rich and giving to the poors. They've become ambitious in now they openly will take from everyone and give to infinity immigrant voters who'll keep them in power. Leftard commies
@XavierORourke@ryu_tay how about curb spending, particularly obvious wasteful spending, NDIS, Snowy Hydro...The list is endless with government. You're better off saving $10k than earning an extra $10k, you get it? I don't want deficits expanded or a higher tax on wages. I want spending controlled.
@respeculator and so they should, PNG assets - be it tie in of APF, expansion of APF and CPF for PNGLNG or Papua LNG, Pikka/Alaska is quality, Barossa will be a cash cow but subject to sovereign risk of Australia, as are all other Australian assets nowadays
@Alonzo_CTHG@ryu_tay this apathetic nature is kinda the problem, everyone's too comfortable and happy for govt to take little bites out of them, taxes, wasteful spending, covid vaccine, digital id, it all adds up. Stand up for what you believe in rather than death by a 1000 cuts
@LambDownUnder@g_zilla_xo Too many people conducting due diligence for it to be incompetence. They know what the impact will be and they're doing it anyway. Only once you understand this can you start asking the more appropriate questions - why would they be deliberately doing this, what's the end game?
@ryu_tay I think a lot of clearing the decks will take place leading up to Jul27. Imagine having to pay CGT because of unrealised profits on Jul27, then the stock falls after that and you physically sell for a loss, you're paying CGT on a loss. Am I interpreting this correctly?
@Cliveopener I'm your average everyday punter who spends his nights reading books on finance, markets and economics so I can have a go at building my wealth. Part of that is engaging with my accountant to set up the best tax structure pathway. I want a better life, what you doing after work?
@HamishMcCallum1@DemoniacoASX "You can make capital gains without any risk whatsoever." WTF, then why aren't you a gazillionaire, let me guess because you don't want to be...you're telling on yourself how misinformed you are. You think your are entitled to something for nothing...
@LambDownUnder@realhagetaka what people don't realise is that no one factor is the tipping point, it's the accumulation of lots of little things against you and the trajectory of it all, we're on a road to ruin, either let it burn or people have to smarten the fukk up
@realhagetaka@LambDownUnder my dad escaped a euro communist country in the 60's to give himself, and his eventual family, a better life. He certainly did that. Starting to think my family and I may need to leave Oz to give us the best life possible, the land of fair go opportunity is being taken from us