@TMFScottP Exactly Scott! And I honestly believe the divide will get bigger less ppl like myself will be able to save and grow their way into a home and security without a leg up.
@MarkoMatvikov Without adjust to tax brackets this budget is nothing more than a tax grab to further centralise & increasing Gov power & influence, who give concessions to their ‘big’ allies whether big biz, big unions or institutions. It is installing a 2 tier governance structure economically
@TheKouk Mr K disappointed, you’re a Chardonnay Socialist but thought you had more capacity to withstand opposing viewpoints. You can’t deny all the points made and calling ppl MAGA is a playbook that didn’t work well for the Democrats if you insist on using American references.
@dragonfishy@matt_barrie Seriously Aussies not talking enough about this, ignorant or they don’t care but the moves (macro) Gold buying by central banks, funds and nation states perfectly demonstrates the dilution of purchasing power by Gov printing.
@elonmusk There is a return expected by investors on the investment to create this next revolution, who pays for that? This is the question my simple mind needs answered to understand the universal abundance claimed.
Two university students sit in the same lecture. Same professor, same material, equal intelligence, equal interest in the subject.
One brain is alive with coordinated fireworks, connections firing across every region. The other shows dim, scattered flickers, like isolated islands of activity.
So why the gap?
One is holding a pen over lined paper. The other has fingers hovering over a laptop keyboard.
That's it. That's the only difference.
This isn't nostalgia, and it isn't a story about the good old days. It's neuroscience. We live in the age of digital everything, where you can type from bed and store every note in the cloud. But what if the most powerful learning tool you own costs about 50 cents and fits in your pocket?
The pen, they say, is mightier than the sword. Nobody told you it might be mightier than the keyboard.
@PhillipCoorey SME here, no one’s going to buy my business like many, we’ll just have to close, as if Albo doing us a favour 😂 when his moronic and ideolog Gov is literally destroying the economy and hope. I’m joining the APS big bucks w no accountability.
@samstrades Sam, biz just 1 insurance claim away from going under. Premiums up plus additional jump of 20%+ with claims, subbies can’t charge to cover costs, further reduction in capacity to build, a big issue in my city
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
There are a few reasons why political elites often seem disconnected from public sentiment on immigration.
First, many policymakers view immigration through an economic lens. Treasury departments, business groups, universities, property developers, and employers often see immigration as a way to:
Increase GDP growth
Fill labour shortages
Support an ageing population
Increase housing demand and economic activity
Maintain tax revenues
The problem is that GDP growth and quality of life are not the same thing. A country can become richer in aggregate while many citizens feel worse off because:
Housing becomes less affordable
Infrastructure becomes overcrowded
Wages face downward pressure in some sectors
Social trust declines
Cultural change occurs faster than people can comfortably absorb
Second, there is a fear among politicians and media organisations that criticism of immigration can slide into ethnic hostility. Because of that risk, some institutions became reluctant to discuss immigration levels at all. The result is that many voters feel legitimate concerns about numbers, housing, infrastructure, and social cohesion are dismissed rather than debated.
Third, modern political culture often treats questions like “What kind of society do we want?” as morally dangerous because they touch on identity, culture, religion, ethnicity, and values. Yet historically every society has asked exactly those questions. Countries routinely make choices about:
Who can immigrate
How many people arrive
What values newcomers should adopt
How integration should work
The difficulty is defining an “ideal society.” Different groups want different things:
Some prioritise economic dynamism and openness.
Some prioritise social cohesion and stability.
Some prioritise cultural continuity.
Some prioritise humanitarian obligations.
Some prioritise individual freedom over collective identity.
The political challenge is balancing those competing goals.
One thing worth noting is that public opinion in many democracies is not necessarily anti-immigration. Often it is more nuanced than that. Polling frequently finds people support immigration in principle but want:
Lower overall numbers during housing shortages
Stronger emphasis on skills
Better integration
Enforcement of existing rules
Immigration levels linked to infrastructure capacity
That is a different position from opposition to immigration itself.
The deeper issue may be that modern politics often frames immigration as a moral question (“good people support it, bad people oppose it”) when many citizens see it primarily as a practical question (“what level can our housing, infrastructure, labour market, and social fabric absorb?”).
Once a policy debate becomes a moral identity debate, it becomes much harder to discuss trade-offs honestly. That is probably why the conversation feels taboo to many people even though the underlying questions are neither new nor unique to any one country.
We are witnessing globally , countries getting these policy settings completely wrong . It should mean we at least pause , slow down and review what we are getting wrong and what others are getting wrong globally . Governments globally have become manic , they simply refuse to listen or review what’s working and what isn’t .
@DanielPriestley On point Daniel and thank you for highlighting the issues of SMEs, Gov needs to be creating the settings to support endeavour and agency 👏👏
@hammerofleft@samstrades Shocked how many young ppl don’t watch any news! I recently explained budget to 27yr olds working professionals COMPLETELY oblivious of how it may affect their interest rate, savings or shares they were dumbfounded, we may need 101 mini updates during MAFS! 😂🤦🏻♀️