Karl Mohan

a crypto enthusiast who believes the world is constantly changing

[Geoff Wilson @GeoffWilsonWAM]

🚨 Labor’s Senate “inquiry” into their destructive CGT changes is a total whitewash. Am I in or out. No information provided.
Key critics and real investors/experts deliberately snubbed, no oral evidence allowed. Stacked with cheerleaders instead.
This isn’t scrutiny. It’s a rigged rubber stamp for economic vandalism that attacks aspiration, startups, productive investment, retirees & charities.
Scrap the CGT hike before it wrecks Australia’s future.
#AxeTheCGTHike #AspirationMatters https://t.co/82OqeCqFVd

[raagulanpathy @raagulanpathy]

“I built Australia’s new Tax System + AI tested it”

The last budget was a disaster because even though it set out to fix some inbalances, it still doesn’t fix the things a great economy needs.

In my Australia…
> The bottom 50% of earners pay zero income tax
> The rest get lower tax to encourage work
> Flat tax for capital gains, corporate and trusts
> Incentives to invest in new houses & startups
> First Home Owner deposit tax relief
> GST does move up to 13%, but that’s not crazy

I spent time to back test it over and over using AI, until we found the brackets which best balanced the budget, but created a flatter and fair system.

See attached, but quick synopsis.

Income Tax:
• $0–60k: 0%
• $60k–200k: 30%
• $200k–500k: 35%
• $500k+: 39%
All brackets indexed to inflation.

Capital Gains, Company Tax and Trusts:
• Standardised at 30%

GST:
• Increase from 10% to 11%
• Then +1% every 3 years
• Capped at 13%

[christopher joye @cjoye]

But they have never worked a day in the private sector; never started a business; built a new product or service; hired a single soul from their hip pocket; or struggled for years, always at risk of going under… What we are seeing is the lid being lifted on those who have always lived completely taxpayer-funded lives trying to take and tax as much as possible to feather the public sector nest. They have never known what it is like to draw a private wage and/or profit. They think it is a zero sum game: any private income, profit or capital gain needs to be redistributed back to government and its dependents. It is the only way they know how to make money: by taxing private citizens and corporations to fund the public oligarchy and its way of life…

[christopher joye @cjoye]

This is so incredibly good:

Economist Joseph Schumpeter warned that capitalism weakens when prosperous societies become so comfortable they forget where prosperity came from – and begin resenting the entrepreneurial class that created it.

A country might survive high taxes for periods of time. What becomes dangerous is something deeper: the moral suspicion of ambition itself. The creeping belief that commercial success is inherently exploitative, that profit is morally dubious, or that founders should quietly accept punishment for surviving years of uncertainty.

Prime Minister Anthony Albanese and Treasurer Jim Chalmers should think carefully about the signals embedded in this budget. Tax policy communicates values. This budget signals that founders are not viewed as partners in national prosperity, but simply reservoirs of revenue whose success is viewed with suspicion...

Civilisation advances because some people are willing to bet on tomorrow before tomorrow exists. Australia should be doing everything possible to encourage those people to build businesses here. Because once a society begins treating ambition as something suspect rather than admirable, it eventually discovers that no nation can remain prosperous after teaching its most ambitious people that they are unwelcome.

https://t.co/nxmwyx9aZc

[Karl Mohan @CatalystKarl]

@JEChalmers @altimetr Facts:
1. You are doubling the CGT for younger people - 1 in 5 NOT 1 in 10 invest in shares
2. You lied in your election promise and chances are you will lie again
3. You have not done much in controlling spending

[Alister Berkeley @alisterberkeley]

Successive governments have overspent, misallocated capital and treated taxpayer money as if it were unlimited.

Now Australians are being drawn into a false argument over who should carry the burden: capital or labour, investors or workers, business or households.

That is the trap.

The real issue is not simply who pays more. The real issue is whether the government spends wisely, disciplines itself, and stops asking the productive parts of the economy to fund waste, duplication and poor policy design.

Without serious spending reform, the debate becomes a zero-sum fight between taxpayers. Capital resists. Labour feels squeezed. Households lose trust. Business delays investment. Productivity stalls.

A country cannot tax and transfer its way to prosperity if the underlying system keeps wasting the money it already takes.

Australia needs a harder conversation: not just how revenue is raised, but whether public money is being used well.

Until that happens, we will keep arguing over the bill, while avoiding the real question: why is the bill so high in the first place?

[Geoff Wilson @GeoffWilsonWAM]

“It’s totally illogical, it’s not true, and he looked like an idiot. They’re trying to hide that the change to capital gains tax hits every Australian business — small business or a large business listed on the stock market.”
Do you understand that? https://t.co/nX4EpE5qfi

[Matt Barrie @matt_barrie]

The CGT changes are Albo's WorkChoices moment, politically untenable. If anything we should move the other way with a flat 20% CGT to encourage investment, encourage entrepreneurs from around the world to build businesses here, and encourage capital to flow into Australia.
https://t.co/1IhWKMRG3I

[Dr Russell McGregor @KillAuDeepState]

So the Australian Treasurer introduced a tax increase on shares to compensate for shares being overtaxed.

His explanation makes as much sense as the senseless tax increase.

[Geoff Wilson @GeoffWilsonWAM]

🔥 GOVERNMENT HAS DECLARED WAR ON ASPIRATIONAL AUSTRALIA 🔥
A battalion of millions is rising up to smash their toxic tax raid of scrapping the 50% CGT discount and punishing anyone who dares to work hard, invest and get ahead.
This isn’t “reform” it’s a direct assault on young Australians trying to buy their first home and build wealth. The Labor Government is betraying the very people they pretend to champion.
Against the odds together we beat them in 2019 and 2025. This time we need all your help to stop this insanity.
The fight starts NOW.👇
#HandsOffOurWealth #StopTheTaxRaid #AussieBattler
@mcranston1

[Geoff Wilson @GeoffWilsonWAM]

We must all stand up and fight back against the Government’s vicious tax grab and their string of broken promises. All Australian starting their own businesses and all investors deserve better than this economic sabotage.
We must call it out. Join the army of millions against this insanity.

[_Checkmate 🟠🔑⚡☢️🛢️ @_Checkmatey_]

The Australian government just put forward sweeping changes to the capital gains tax system.

They pitched it under the guise of helping young people access afforable housing.

I ran the numbers, and undeniably, the policy harms, not helps young Aussies.

https://t.co/TsdDX0uSX3

[christopher joye @cjoye]

Is Aussie capitalism morphing into stealthy sunburnt socialism? Back in 2007, just 2% of Aussie workers paid the top 45–47% marginal income tax rate. Within five years, that share is projected to explode to around 1 in 10. And even assuming only modest 2.5% annual income growth, bracket creep will drag more than 1 in 5 workers into the top marginal tax bracket within 15–20 years. If inflation and wages keep running hotter than 2.5%, that timeline compresses fast. This is not an accident. It is the inevitable consequence of a vastly larger state needing much more revenue. Monster tax increases — including proposals to double the tax on small business and company valuation (or capital) gains when owners sell — are being foisted on taxpayers to bankroll a gigantic expansion in government spending and publicly funded employment. Since 2007, the publicly funded share of total Aussie jobs has surged from 23.7% to 32.0% — a 35% relative increase. At the same time, the number of publicly funded workers per person has exploded by 45%, rising from 120 to 174 per 1,000 Australians between 2007 and 2025. On some measures, Australia now has more publicly funded workers per person than any other country in the OECD. The flipside is brutal: small businesses and private companies are being crowded out. The private sector’s share of total jobs has shrunk from 76.3% in 2007 to 68.0% last year. Higher taxes. Bigger government. A smaller private economy. Stealthy socialism. A higher cost of living. And declining productivity, income-per-capita and living standards as a consequence.

[Toby Eggleston @tobyeggleston]

Incredibly disappointing comments from @JEChalmers in the AFR. At no point has there been any engagement by Treasury or Govt on changing the CGT regime for all assets.
That’s the problem - not the reaction pointing out the foreseeable impacts from a change which will undermine specific policy decisions over the last 25 years

[christopher joye @cjoye]

Canberra is crushing future generations with a suffocating debt burden at a time when repayments are rocketing through the roof… A child born in Australia in 2007 entered into the world with $4,600 of per capital government debt, which they repay via their future taxes. A child born in 2028 will start life with debt that is an order of magnitude larger due to utterly reckless political spending: they kick-off life owing a staggering $63,000 per person, repaid out of their future labour income and associated earnings…
On a national scale, Aussies will owe the world $1.8 trillion in the form of public debt by 2028, which has leapt by $1 trillion since 2019. That is not our personal private debt. It is the debt politicians have borrowed on our behalf. That means every man, woman and child will owe $63,300. It is an incredible sum. Even more remarkably, it was only $4,600 per person as recently as 2007, when all levels of Australian government owed the world just $96 billion. When you start considering how much we each owe care of political largesse, it hammers home the point that they are robbing Peter to pay Paul.

https://t.co/QClTXhfFgV

[CZ 🔶️ BNB - Parody @czbinanceprd]

Make #BNB Great Again!

🔶

[Financial Review @FinancialReview]

The government’s proposed changes to capital gains tax is likely to seal Australia’s fate as the most uncompetitive economy in the world. https://t.co/fANOOlLREH

[Herald Sun @theheraldsun]

Accountants and tax experts have warned Treasurer Jim Chalmers’ foreshadowed CGT shake-up would create a ‘dog’s breakfast’ of new rules, higher compliance costs and unfair burdens on investors > https://t.co/iWnZJ1FTpM

[Leigh Jasper @leighjasper]

‘Blindsided’: Start-up anger grows over CGT changes https://t.co/n8ObaMMIJm

The government’s proposed massive doubling of capital gains tax will be a disaster for Australian innovation and venture. Tech founders and investors will leave Australia in droves.

With the Aconex sale to Oracle for $1.6b, around $400m in tax was paid in Australia by the shareholders of Aconex. If I were paying double the current capital gains tax, I for one, would have stayed in Silicon Valley, rather than coming back to Australia to list Aconex on the ASX. On the sale to Oracle, I would have paid all my capital gains tax in the US, not Australia.

Overtaxing capital gains in venture capital will simple force founders, entrepreneurs, execs and investors to leave Australia for lower tax countries such as the US. The whole country loses, with less investment, less innovation, less jobs, less wealth creation and ultimately less tax paid in Australia.

This is what you get when you have a treasurer (and nearly 100% of the government) that has never taken the risk to start a company, or been anywhere near business in their life.