Dee

@BoomersIncoming

Joined February 2024

225 Following

34 Followers

42 Posts

BoomersIncoming retweeted

Gerard Rennick

@RennickGBR

4 days ago

Well well well. The Labor party now want to stop people from pulling their super out of industry or retail funds so they can manage it themselves through SMSF’s. Meanwhile Industry funds can blow up billions of dollars on dodgy foreign venture capital investments or invest members funds in places like India. It’s time to allow people to manage their own savings. Australia had one of the highest rates of home ownership and much lower household debt before superannuation was created. It’s time to face the facts that Labor want to control your savings so they can control you! Sign up to the party that has always been consistent when it comes to putting you first - https://t.co/PeAaJW2pjF •••••••••••••••••••• “The Tax Office will be given the power to veto people from moving money from a large super fund into a self-managed superannuation fund, under sweeping changes announced by Assistant Treasurer Daniel Mulino on Wednesday. The changes will also require SMSF trustees to pass “basic knowledge requirements”, maintain a “uniquely identifiable bank account”, pre-write their investment strategy and force newly established SMSFs to disclose whether a financial adviser was involved in their establishment and the fees charged.” V “AustralianSuper, the country’s largest superannuation fund, has been forced to write off more than $1.1 billion in equity and loans tied to an American online education start-up, marking it as its single worst investment in venture capital. The fund, which manages $341 billion in retirement savings for more than 3 million people, has aggressively expanded its investments in private credit and private equity, including in the United States. But it has worn a loss of $US757 million on Pluralsight, an Utah-based video training firm once valued at more than $US5 billion.”

159

581

178

63K

BoomersIncoming retweeted

Rosita Díaz

@RositaDaz48

5 days ago

“This post needs to go viral – NOW! So, as you might have heard, Australia’s controversial Digital ID bill was recently passed in Federal Parliament. And no, this isn’t about logging into Medicare “more easily.” This is the wet dream of every power-drunk bureaucrat who’s ever fantasised about tracking what you eat, watch, spend, say – and even think. Labor rammed it through with help from the Greens and Jacqui Lambie, while the likes of Pauline Hanson, Malcolm Roberts, Matthew Canavan, Ralph Babet, Alex Antic and Gerard Rennick strongly opposed it. Experts lined up to say it was dangerous. Legal groups shredded it. Privacy advocates screamed. The public wasn’t consulted. But they damn well passed it anyway. This bill is not about “protecting your identity” – it’s about owning it. Without a digital ID, you will eventually have no access to a bank account, cash, Centrelink, MyGov, flights, fuel, medication, voting in elections, and even receiving parcels in the mail. And you can kiss goodbye to ever renting a home, owning a car, using social media, shopping online, accessing the internet at all, having a phone number, and buying groceries. They say it’s “voluntary” – just like MyGov was “optional” until 10 million Aussies were forced into it just to access basic services. Just like the COVID-19 vaccine was “optional” until those who resisted found themselves locked out of society for months for not being up-to-date with their boosters. It’s coercion and blackmail with a friendly smile. And now that this thing’s been jammed through Parliament, the tech giants are lining up like pigs at a data trough. They’ve already got your search history, your online purchases, your late-night Instagram habits, and every whispered “Hey Siri” or “OK Google.” Now they get to attach all of that to your real name, address, and government-approved ID. That “anonymous data” you thought was floating harmlessly in the cloud? Not anymore. Your Woolies reward card is now part of your permanent “consumer profile.” Your YouTube comments? Traceable. That shady dating app you thought was private? Good luck with that when your real ID is stitched to everything you do online. Privacy’s gone, and it’s not coming back. And let's not pretend this data won't be regularly hacked, leaked, or sold to the highest bidder. And when the system inevitably fails? One blackout, one outage, one “oops” from some contractor, and you’re digitally locked out of your own life, while some AI bot in a call centre tells you to try turning it off and on again. The committee that was supposed to scrutinise this bill was a total joke. They ignored almost every expert submission, skipped past glaring privacy failures, human rights concerns, and technical red flags, and still gave it the green light. It wasn’t an inquiry – it was a rubber stamp for the surveillance state controlled by foreign nations. Every politician who voted for this has just helped build the scaffolding for digital tyranny. This is the infrastructure for a fully centralised, always-on tracking system. They’ll say it’s for your safety. They’ll say it’s about efficiency. What they mean is: now they know who you are, where you are, what you’re saying, who you’re saying it to, and how to shut you up when you speak too much truth. This isn’t progress – it’s control, plain and simple. What we’re seeing isn’t some harmless upgrade – it’s China-style social credit wrapped in an Aussie flag, and you can bet the CCP is watching on proudly, noticing how we've finally caught up. #GaryJMatthews

298

392

87K

Dee

@BoomersIncoming

Last Seen Users on Sotwe

Trends for you

Most Popular Users