@titan_malloy@CDemanincor Also just to clarify, that screenshot is showing yield farming from providing liquidity to the LP, not regular staking, but yeh what cypress said!!
@xprotonrick@MetalXApp Yeah it feels like a transfer, but if the underlying asset changes XRP - xXRP i think it could still be considered a taxable disposal rather than just moving wallets. But im 95% sure you are right so lets hope so๐
@Belisarius2020 Crypto is the main thing theyโre targeting here. It feels like a core part of the agenda they know a major financial shift is coming and are trying to minimise the gains Australians could make from what may become the biggest transfer of wealth and technology in modern finance.
The govt just slashed the 50% CGT discount for everyday Aussies, meaning youโll pay more tax on shares, investments, and properties youโve worked and risked your money to acquire.
At the exact same time, in Budget Paper 1, theyโre expanding VCLP tax breaks, lifting the asset cap from $250m to $480m so massive foreign pension funds and overseas VC firms can make tax-free capital gains in Australian.
Ordinary Australians = more tax.
Foreign billion-dollar funds = tax-free profits.
Meanwhile theyโre flooding the country with third world migrants to demographically replace Australians
This is Replacement agenda 101. I think it's safe to say now we are at War with this government?
What fascinates me is reading the comments from the left who are celebrating the budget.
Someone just re-tweeted my tweet and said Australia is taking back the working class.
Honey, Australia just cemented you further into the working class than you have ever been before and itโs astounding some people canโt see that.
People who built wealth via the old system are in complete shock.
#auspol
@MSpringAuthor17 You have to be an absolute fuck head to believe that, only people who arenโt complaining are dumb fucks like you who think this is going to help bring down house prices. If anything it affects the middle class more than anyoneโฆ CUNT!
@echodatruth@USDebtClock_org Could be worse you could live in Australia, where theyโre scrapping the 50% capital gains discount and introducing a minimum 30% tax on property, shares, and crypto gains and replacing it with an inflation-indexed system ๐
@AlboMP You mean โhelping young Australians get aheadโ by removing the 50% capital gains tax discount for assets held over 12 months, so people are taxed on the full gain instead of encouraging long-term investing and wealth building?