TheWorldMadeMeCynical

Prefer minimal government.
Interested in the truth.
Following excluded experts.
Christian: no church.
Wondering where we'll land.
Thinking we might be f*cked.

[TheWorldMadeMeCynical @WTFs_GoingOn]

Remember you voted for 'Climate Action'.

Next:

1. A climate emergency will be declared.

2. A permanent state of emergency will be declared.

3. You will have to reduce your footprint and will be monitored.

4. You'll be penalised for non-compliance.

Careful what you wish for.

[Camus @newstart_2024]

Andrew Huberman prays every day, on his knees before important things and before sleep.

The neuroscientist started reading the Bible a few years ago and found deep wisdom in it.

As a scientist, he sees the limits of human perception, animals see things we can’t, so he believes there’s more energy and purpose out there.

Theo Von agreed, saying he tries to position himself as the best “receptor” for ideas and signals from above.

Jesus said: “Split wood, I am there. Lift up the stone, and you will find me there.” (Gospel of Thomas)

A candid talk about faith, science, and staying open.

[TheWorldMadeMeCynical @WTFs_GoingOn]

@harshalx @rationalaussie How do you know the leaders aren't requesting this? How do you know the housing deal is not a result of such requests? It seems to me you can't know that.

Why is this necessary? India has land and resources and people. That is the question.

Maybe you have an answer to that.

[TheWorldMadeMeCynical @WTFs_GoingOn]

@BradPope20 @rationalaussie Subscribed to him ... very interesting thinker.

[TheWorldMadeMeCynical @WTFs_GoingOn]

@ihtesham2005 Some detail in this thread ... he isn't just running that. https://t.co/4X4PHtz9Y2

[TheWorldMadeMeCynical @WTFs_GoingOn]

My experience is that this is true as a general principle. What you can get out of it is highly dependent on what you already know, even if only as a concept or an outlier in your knowledgebase where you know of it, but don't know the detail. I'm doing a bunch of things with AI. I'm able to do them because I have base knowledge. If I didn't, I'd fail. I know from my own experience with it that everyone posting 'just give it your idea and it will do everything and you'll be a millionaire' ... is full of sh_t. It's a skill multiplier or subtractor. It will widen the gap because the already bright have massive leverage. People coming off low base knowledge will end up not even being able to add 2 single digit numbers without it. Fair? No. Good? Possibly not. However, this looks like the most probable long term outcome. Cheers

[Scotty Chal @shallowchal]

Three years ago, forty-three per cent of median income households could afford the median Australian home. Today it’s fourteen per cent. It takes eleven years to save a deposit, and nearly three hundred thousand young Australians have walked away from work and study entirely. That’s a rational response to a broken deal.
They say the kids are lazy - I say they had their futures stolen and we are lucky they aren’t burning things down yet.
#AustraliaFirst

[TheWorldMadeMeCynical @WTFs_GoingOn]

@PrajwalTomar_ The cost was always the issue with using X data, not the access method. If the cost isn't fixed, why is this BIG?

[TheWorldMadeMeCynical @WTFs_GoingOn]

This is cool ... 26 utility apps in one. Testing currently. All the stuff cluttering my phone and clipping my credit card monthly.

Could replace a few of my subscriptions :)

Useful free tier apps!

https://t.co/BPELjAAEAf

[TheWorldMadeMeCynical @WTFs_GoingOn]

Largely agree. There's no case for any relief on an existing house. Maybe short term if you are creating new stock. Housing should be taken out of the 'speculative investment' stack, and managed as shelter first. Guaranteed gains would be removed from housing. If you want a return higher than bank interest, you'd have to invest in a business. Taxing business or long term share exits is not sensible. It's how productive capacity is increased. Changing how we look at housing may solve a lot of downstream problems that are caused by lack of community building, etc. Cheers

[TheWorldMadeMeCynical @WTFs_GoingOn]

Well articulated position. Leveraged capital isn't original capital as is pointed out by others. You would expect a risk return on the leveraged capital in excess of the cost. I lean toward your position on their actual capital. Indexing it should be the minimum. Speculative gains vs Long term investment is worth considering. Liquidity at the cost of stability doesn't make a lot of sense to me. Cheers

[TheWorldMadeMeCynical @WTFs_GoingOn]

@rationalaussie Banks and shareholders take a massive bath, or the country goes bankrupt. Not a hard decision.

[TheWorldMadeMeCynical @WTFs_GoingOn]

@Dittloff4Sense The banks should take the hit.

[TheWorldMadeMeCynical @WTFs_GoingOn]

Agreed. I don't know how you unwind it unless you have the banks wear the losses and allow it to return to a sensible level at 3-4x average earnings. They go broke, or the government pays. It's 'no good place to stand in a massacre' type options. I understand it's more complex than this, but making housing unattractive for anything except living in should be the goal. Maybe we could consider demand and infrastructure also, who knows. Probably not. Cheers

[TheWorldMadeMeCynical @WTFs_GoingOn]

Because housing should be about shelter and community building first. Removing NG on existing houses is completely sensible. Removing on new builds, maybe not as much and needs review. Limited NG on new may be justifiable. Large super funds able to one thing, and SMSF not, is simply ridiculous. Foreign investment encourage in rental accom is the same.

The government should signal that funds wanting above interest rate returns to move into genuine businesses which can offer such returns, not force housing to be a speculative asset through excess demand. Discouraging long term investment in businesses and shares through CGT is counter-productive. Wrong signal.

Yes, our financial system overwhelming favours property and our banks have the highest exposure in the world. Needs to change. Our banks have no risk despite offering money at a price. Their money is safe. Their balance sheets stop any real reform.

Just because that's where money has ''always been directed to housing' doesn't make it sensible, nor best for the nation.

Cheers

[TheWorldMadeMeCynical @WTFs_GoingOn]

@BarbaraPocock How did the new legislation you just voted for change this? It's not retro-active ... so ... ?

[TheWorldMadeMeCynical @WTFs_GoingOn]

@Peter_Strachan And everyone that's done nothing about it or voted for it or lobbied for it ... etc.

[TheWorldMadeMeCynical @WTFs_GoingOn]

@BBGRichie Yep. Me 4 years ago.

https://t.co/GB011VDyzV

[TheWorldMadeMeCynical @WTFs_GoingOn]

Remember you voted for 'Climate Action'.

Next:

1. A climate emergency will be declared.

2. A permanent state of emergency will be declared.

3. You will have to reduce your footprint and will be monitored.

4. You'll be penalised for non-compliance.

Careful what you wish for.

[TheWorldMadeMeCynical @WTFs_GoingOn]

Agree. I don't care which 'team'. It makes no sense to allow neg gearing on existing properties. Maybe it does for a short time (5-10yrs) on new builds to encourage housing stock growth. However, shelter first. Want capital growth, buy a business or shares in a business. With affordable housing, communities are built. Civilisation does better. CGT on business growth, or long term investments, is however a tax grab. The BoMaD is a recent thing for the middle class. Always been there for the wealthy. Cheers

[TheWorldMadeMeCynical @WTFs_GoingOn]

@AvidCommentator Atrazine?