SBA • ShopBitcoin.com.au

#Bitcoin • Hats, Hoodies, and Hashrate! 🇦🇺 ⚡️

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

The website has been getting reworked the last few days.

Let us know what you think, and if there’s products you’d like to see listed. 👌

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

*Every* government self-assessment shows we're getting less for our dollar - that government expediture is poor at capital allocation.

Australia's government spending is at multi-decade highs as a share of GDP, but GDP is denominated in a dollar down 75% on CPI and 97% on M3 expansion since 1985.

M3 *can't* stop, and spending *won't* stop.

It's all incentives and outcomes.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

Notwithstanding the subjective nature of expectations, Australians already pay slightly beyond that higher-end expectation - 30.7%, with the OECD average at 34.1

There is no 'expectation', even from it's own budget that government spending will contract, in fact, Treasury's own internal review found persistent optimism bias; so we've got Governemnt spending up, taxes up, deficit up slightly, and debt crossing $1 trillion, with the PBO forecasting that debt will be at 38% of GDP within three years.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@zhkhi @DrCameronMurray @Crashman_X That doesn’t answer the question.

What you are implying is that you think you should pay more taxes.

So why don’t you volunteer that money?

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@iL1keTurtles @crowthevegan @ALeighMP Keynesians are the hardest to get through to.

They usually come around, but they have to work through it.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@cwfbm52 @crowthevegan @ALeighMP Can you live in an ETF? Get to Sydney to Melbourne in an ETF? Can you mow your lawn with a ETF?

The AUD has last 94.5% of its purchasing power in only 60 years.

How is THAT a Store of Value?

Your ignorance is a you problem.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

How much more should we be taxed?

At what point would you say that it is too high?

It’s a question without context, isn’t it?

Too low, or too high for what?

We have a government whose cost basis and expenditure is, and unabated, will increase.

Either one must argue for reigning in the spending, constricting the spending by pushing back against tax increases, or do both.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

Governments fear what they can’t control. That’s why they fear Bitcoin.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

Name that DIY Kit!

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

It’s not just money — it’s a protocol for freedom.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

🤝

[Australian Bitcoin Industry Body @AusBTCIndBody]

If you have strong opinions about the CGT changes, there are six days left to make a submission to the Senate Committee inquiry - anyone can do so - individuals, organisations, or businesses.

There is no restriction to industry bodies.

Submissions may take the form of a letter, paper or report, and may contain facts, opinions, arguments, and recommendations.

https://t.co/L5GIbDqF8Z

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

Mining bitcoin on solar?

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@custardjnr Yes, sorry, I’m a retard. You should’ve got an update on tracking yesterday. Shipped yesterday, but I just had a look. I can see that it hasn’t been scanned in yet. Given the time here in Sydney, I expect it should be scanned with an update shortly.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

Tick tock

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

It’s literally matches dollar for dollar Treasury’s own examples in their budget documents.

The reality is that every tax bracket will pay more taxes.

That is undeniable fact, one that Labor acknowledges: “Revenue has to come from somewhere”.

There is another side of the equation: stop being wasteful with tax dollars.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@RobynAMilne @SimonKennedyMP Low income earners are least able to afford higher taxation, so they should get special treatment.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@GunjapartyOz @SimonKennedyMP It’s not a binary position.

You’ve got tall poppy syndrome; you’re full of resentment and zero ambition.

Don’t make your problem, my problem.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@at_revenge @payshencedoteth @r3tarddownunder @ClareONeilMP How pray tell does getting taxed more reduce a disadvantage?

Pay more taxes; lower after tax gains = longer to save for home.

The changes kick out the ladder you’ve used for last 26 years.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

@JustJaysin @SimonKennedyMP When you have to resort to making up what someone said, before attacking it, you know you’ve lost.

Chin up.

[SBA • ShopBitcoin.com.au @ShopBitcoinAus]

It’s a good one.