Luke Warm

[Luke Warm @Tepid_Luke]

@mikemcglone11 The volatility is the point, Mike. Stop trying to paint it as a negative. You know it's been volatile to the upside too, right?

[Luke Warm @Tepid_Luke]

@miradreaamy 32

[Luke Warm @Tepid_Luke]

@m__mckinney @forty_six_and2 Omnium Gatherum is epic. Incredible collection of the whole gizz spectrum

[Luke Warm @Tepid_Luke]

@JEChalmers Get out Charmers, before you break anything else. Take Albo and your Marxist goons with you.

[Luke Warm @Tepid_Luke]

@fazdogfotog @PunishedJeanLuc @JEChalmers This is exactly what we've all been banging on about. This is harmful tax policy to the people it claims to be helping the most. We are being gaslit by Labor amid their rampant spending and some seem to be lapping it up willfully.

[Ben Simpson @bensimpsonau]

Australia's tax prison just got even worse for investors.

Take an ice cube out of the freezer, put it on the bench, walk away.

By the time you're back it's a puddle.

That's your wealth held in fiat, and it used to take hours to melt, now it takes minutes.

The $500k you held in 2020 buys about $350k of life today.

The reason isn't bad luck. They've gutted the 50% capital gains discount, the marginal brackets haven't moved with inflation, and 40% of all US dollars in existence were printed in the last two years.

You're running harder on the treadmill just to stand in the same spot.

Most people respond by chasing more income or another property deposit, priced in the same currency that's quietly dying, on the same 60/40 plan their advisor read out of a 40-year-old book.

The gap is structure, where you hold the wealth you've already built, and most people don't even know it exists.

I just recorded a full breakdown covering:

- The Bitcoin treasury structure I run personally, the one MicroStrategy uses
- Company vs SMSF, and why your personal name is the worst place to hold
- How to stack, hold and lend so $1 compounds toward $4 without triggering CGT

Check it out: https://t.co/9MU5rF6CX8

[Luke Warm @Tepid_Luke]

@AlboMP You're delivering really bad changes and you ought to stop before you entirely fuck it all up.

[Luke Warm @Tepid_Luke]

@AlboMP What, you mean $250? How wonderful. I'll definitely be able to buy a house now. Oh wait, no I won't because I'll be paying more capital gains on the investments that were going to become my deposit. A potted palm tree would make a better prime minister than you. What a dickhead.

[Luke Warm @Tepid_Luke]

@AlboMP Tax gas you dick head, or at least tax your own gaslighting. Probably a fortune to be made from either. These changes will not make housing more affordable, they will make everything less affordable as we will ALL be paying more tax. You are Leninist scum. Get out.

[Centre for Independent Studies @CISOZ]

The Ridiculous Spending Hidden in the Federal Budget

What is your favourite thing about the budget?

Watch our latest video:

[Luke Warm @Tepid_Luke]

@ClareONeilMP Labor doesn't want to tax gas because they think it might apply to their gaslighting operations, so they tax the people instead and carry on.

[Tyler Green @GreenTyler27]

Labor’s kryptonite.

Once the everyday Australians start running the numbers for themselves, the spell will break. This isn’t just hedge funds and billionaires objecting anymore, it’s ordinary investors, tradies, retirees and small business owners realising inflationary gains are being taxed as real wealth. This will be politically lethal.

[Luke Warm @Tepid_Luke]

@TheTinyHomePro @toiletpaperaus1 The facts are in the budget itself. People below the 30% read bracket will now pay at least 30% on the whole gain vs say 19% on half of it. If you don't invest, these changes will have no effect on you, quite obviously, but you will remain poor because your not investing.

[Luke Warm @Tepid_Luke]

@_Checkmatey_ @AlboMP Don't use the word frank. You might give him the idea of coming after franking credits next. What a blatant revenue grab this is disguised as tax reform. It's disgusting how this will add years to my plan to buy my first home and it's touted as helping first home buyers.

[Luke Warm @Tepid_Luke]

@ErichTheFish @ausstockchick By that logic, every time you lose money all your peers should bail you out too. You're sounding like a communist with this comment. Are you one?

[Luke Warm @Tepid_Luke]

@nocoint @ausstockchick All of those professions you mentioned can and do invest to try to get ahead. I invest and I'm a gardener. It's prudent to do this and now the gains are lessened.

[Luke Warm @Tepid_Luke]

@TasmanianBeaut @ausstockchick Wouldn't that achieve the desired outcome? Lowering property prices in comparison to wages, as the incentive to speculate would be removed. Furthermore, the ability to save for a deposit could continue to be done through investment in other markets.

[Luke Warm @Tepid_Luke]

@_Checkmatey_ Do you think this is a direct attempt to capture Aussie's Bitcoin profits? They're aware it isn't going away now, and so they have reconfigured the tax system to capture the upside without creating their own sovereign stash? CGT should remain unchanged on other assets, surely.

[Luke Warm @Tepid_Luke]

@CookersRFunny @reignitedem The roads are falling apart in Victoria