Tak 🇦🇺

2006 Time person of the year.

[Jamie Coutts CMT @Jamie1Coutts]

If you build, hire, or risk capital in Australia, you are feeder stock for the public sector.

The chart shows the rot in numbers.

Public sector real wages outpaced private wages for 21 straight quarters from 2016 to 2021. Longer than Sweden's run before its 1992 banking crisis. Longer than Greece's run before 2008. Longer than the UK's run before the IMF showed up in 1976.

And it started under the Coalition. The party of "small government" oversaw the longest documented public-sector wage dominance in any peer dataset. Labor kept it going. Last 5 quarters: public outpacing private again. The major parties stopped pretending they were different a long time ago.

Now comes the Tax Reform Bill 2026, scheduled 1 July 2027. Scrap the 50% CGT discount. Add inflation indexation. Slap on a 30% floor. Up to 47% effective tax on real gains. The highest in the developed world. China 20. US 20. UK 24. Germany 25. France 30. AU 47.

Whitlam tried the same playbook in the 70s. Federal payroll grew from 240k to 300k in three years. Stagflation. Loans Affair. Dismissal. Fraser slowed it but never reversed it. Medibank became Medicare. Every public-sector expansion outlasts the government that started it.

Sweden ended its run with overnight rates at 500%. Greece ended its run with GDP down 26% and youth unemployment at 60%. The UK ended its run cap in hand to the IMF. In each case, the bond market spoke before the voters did.

The fixes have been tested. Howard fixed CGT (Labor now unfixing). Canada's Paul Martin cut 45k federal jobs and balanced the books in three years.

Its much worse now. Radical change is needed. Otherwise, intellectual and capital flight will accelerate. Then there will be nothing for Canberra to extract.

#auspol26

[Tak 🇦🇺 @NF_Tak]

@AlboMP Bro's happy he did his job today

[Tak 🇦🇺 @NF_Tak]

@cjoye Both real-estate and accountant have suggested to raise rent to cover the shortfall.

[Tak 🇦🇺 @NF_Tak]

@AlboMP Missed opportunity to say you grew up in housing commission with your mum

[Tak 🇦🇺 @NF_Tak]

@mjfree If you had to fuck yourself with a 20 inch dildo, how would you do it.

[Tak 🇦🇺 @NF_Tak]

@tradingmemesboi @BitcoinArchive @WalkerAmerica That's the point. Its a race to the bottom

[Tak 🇦🇺 @NF_Tak]

@Cointelegraph How does one sieze Bitcoin?

[Tak 🇦🇺 @NF_Tak]

@TheKouk You sure you hedged all your bets with that comment?
Let's start with listing all the populous ridiculous spending policies.
All free money to stay elected.

[Tak 🇦🇺 @NF_Tak]

The important question now is whether XRP is being used as the liquidity layer in these flows, or if settlement is primarily happening through RLUSD deposits.

Anyone know?

[Mastercard @Mastercard]

Today, Mastercard, @OndoFinance, Kinexys by @JPMorgan, and @Ripple successfully completed a landmark transaction connecting a public blockchain with interbank settlement rails.

Together, we’re laying the groundwork for 24/7 global markets that never close.

[Tak 🇦🇺 @NF_Tak]

@mjfree Do you know of any actors that can shed some light on how movie magic would make this grow back?

[Tak 🇦🇺 @NF_Tak]

@reece_merrick @Ripple @DIFC Great to see the continued growth in the Middle East.

With RLUSD and treasury infrastructure becoming central, where does XRP ultimately capture value in the stack, is it intended to be a required liquidity layer or optional depending on use case?

[Tak 🇦🇺 @NF_Tak]

@0xSweep RLUSD has made XRP redundant in US -US transactions. XRPs value is in cross border payments and infrastructure should institutions choose to use them. Right @bgarlinghouse

[Tak 🇦🇺 @NF_Tak]

@Similac6 @WatcherGuru seems to be working for the president

[Tak 🇦🇺 @NF_Tak]

@shekhu04 @WatcherGuru You mf! I can't unsee this now! Take a like!

[Tak 🇦🇺 @NF_Tak]

@mirandadevine Are you prepared to send your kids and family to deranged-Trump's Israeli ego war?

[Tak 🇦🇺 @NF_Tak]

@Optus This is your app!

[Property Sharemarket Economics @PropertySharem1]

During the final two years of the cycle's expansion (the peak phase known as the "Winner's Curse"), top real estate activities are characterized by extreme euphoria.

Key activities include intense land speculation, rampant over-leveraging by retail and institutional buyers, and the unleashing of market "animal spirits."

[Tak 🇦🇺 @NF_Tak]

@WatcherGuru stretch the graph more to make it look even bigger

[Tak 🇦🇺 @NF_Tak]

@mattjcan Meanwhile we are the ones saving the world one paper straw at a time.

[Tak 🇦🇺 @NF_Tak]

@PropertySharem1 A lot of words were written to not say much other than the world is credit driven and if interest rates increase would trigger a financial crisis.