‘MyBudget founder and director Tammy Barton said the past five years “have been the toughest stretch for household budgets in a generation”. Middle-income families, people who historically felt secure, are now finding themselves living week to week’. Pop the champagne @JEChalmers
‘Since mid-2021, several essential expenses have risen by up to twice the pace of the overall inflation increase of 24 per cent.’ These are your numbers @JEChalmers. Economic vandalism at its finest.
New analysis of five years of official price data reveals essential costs have outpaced headline inflation by as much as double. Gas, insurance and electricity bills are up nearly 50 per cent, and many other products and services have jumped significantly. Congrats @JEChalmers
Economic vandalism, pure and simple.
@AlboMP ’s CGT changes just exposed $372bn of super to higher tax.
Broken promise after broken promise.
The young, the aspirational, the small business owners, the third estate is rising. Join the revolution.
#JoinWARonCGT#StoptheCGT #ThirdEstateRising
Insanity. What do you call it?
“Aussie investors lose the 50% CGT discount for backing companies they believe in. Foreign capital gets a concessional 15% tax rate on renewables until 2040.
One rule for global capital. Another for working Australians who actually take the risk here.
This is not reform. It’s preference.”
Doctor @nick_coatsworth nails it: “If you’re any Aussie investing in a company you believe in you’ll lose your 50% capital gains discount. If you’re an overseas company investing in renewables we’ll let you off with 15% tax.” I agree with Dr Coatsworth and the @AlboMP government is “destroying Australian ownership of Australian businesses”.
The @ausgov “must stop this insanity.
One rule for global capital. Another for working Australians who actually take the risk here.
This is not reform. It’s preference. @chrisbrycki calls the broader CGT changes a potential “wrecking ball” for the economy.
This is economic vandalism. Stop it. Great article @heath_parkes #StoptheCGT #JoinWARonCGT
https://t.co/glb3k9J3hl