Duncs 🇦🇺👀🍿

Sitting here with my popcorn waiting for something exciting to pop up🍿 Loving life, family, friends, and adventure.

[Duncs 🇦🇺👀🍿 @__Duncs]

So explain why prior to 1985 when there was ZERO CGT that house prices were 3 x the average wage and now with CGT house prices are 13 x the average wage.

Anyone who understands inflation and Government monetary policy knows that house price and stocks were driven up by reckless spending and the printing of hundreds of billions of dollars out of thin air by the Australian government. That and the massive under supply of new houses compared to new immigrant numbers.

[Duncs 🇦🇺👀🍿 @__Duncs]

So you are happy with a 4.75% increase when cost of living has gone up 100% in 5 years? You’d have to be a moron to believe that our lives have been improved with that BS piddly wage increase.

Explain how this small increase offsets the massive increases in cost of living and inflation we have seen?

What Labor has done is hide massive tax increases on every Australian who has worked hard to invest their money, behind minimalist tax breaks that don’t even remotely address the increases to cost of living expenses.

A pickled gherkin could do better than Labor in terms of running this country.

[Duncs 🇦🇺👀🍿 @__Duncs]

Pretty sad you are hanging your hat on a 4.75% increase when real cost of living has doubled in 5 years.

A nice decoy to cover the fact you are bringing in the single biggest tax grab in recent history. Your new CGT taxes rip wealth from mum and dad investors and new investors who work hard to invest their already highly taxed wages trying to become financially independent.

With one socialist stroke of the pen you divide and pit Australians against each other by calling families that have worked hard for their wealth “privileged” and deserving of higher taxes.

Be prepared for significant economic downturn and loss of jobs as you “de-incentivise and kill” the inspiration of all Australian businesses and hard working Australians looking to invest in their future.

[Tanya Plibersek @tanya_plibersek]

From July 1, almost 3mil Australians will get a 4.75% pay rise. It means that for the first time, the minimum wage will be over $1,000 a week for the workers who keep our country running. We fought for this because Labor is all about higher wages, lower taxes&more home ownership.

[Duncs 🇦🇺👀🍿 @__Duncs]

@BevJohnst @SimonBanksHB The doubling of all CGT for all young and new investors.

[Duncs 🇦🇺👀🍿 @__Duncs]

You can’t even compose a literate sentence, so I’m not surprised you have zero clue on the reality of these changes. Try again to make a valid point or at least say something that is interesting.

You can’t because you have nothing but socialist rhetoric and dogma you have been programmed with.

This isn’t about insults, it’s about having a critical understanding of real life and the reality of how hard working Australians are being negatively impacted by these stupid Labor policies. You clearly have no understanding of this because you have never worked hard for what you have been given.

[Duncs 🇦🇺👀🍿 @__Duncs]

You try to use inflammatory rhetoric to make your point like every lefty socialist without a clue. Zero facts, just parroting the Labor line.

Anyone with a modest education in economics and capitalism knows these changes don’t impact the “Goliaths” of wealth one little bit. The wealthy don’t sell and simply acquire more assets. Even if they were to sell, they have been generously grandfathered by Albo and Labor either way.

They do impact young investors, mum and dad investors and the 2/3rds of Australians that own a house as their biggest asset. The issue has always been a supply and demand issue. Crashing the property market simply puts the small investors and new house owners into potential negative equity and increased mortgage stress. These are ripe conditions for the extremely wealthy to come in and sweep up any assets these people have to sell in distress. Typical dumb socialist policy that makes the wealthy more money and creates more poverty by widening the wealth gap.

I’m be confident saying you’ve never taken risk and invested your hard earned wages into anything. I doubt you’ve ever had to fight to save your take home wages to try to get your family ahead financially.

You are probably on benefits, or in a government job and sapping the tax dollar from other hard working Australians.

Try coming up with one original or accurate point on how this benefits our country.

[Duncs 🇦🇺👀🍿 @__Duncs]

And you are just uneducated. The Australians that are hit with this already pay the lion share of income tax collected in this country. These hard working families, young investors, and Australians who risk it all to start their own businesses pay and continue to pay more than their fair share of tax.

When you tax gains made from investing already highly taxed wages you are double taxing. Thats why many countries like New Zealand and Singapore have zero CGT. Add to that countries like Belgium, Switzerland, Luxembourg, South Korea, and many others have very low if not Zero tax on gains made from private gains.

This massive new tax grab is particularly targeted at young new investors who have had zero benefits from past exemptions. And it’s across every asset class. So if you’re a low income earner working hard to put some money into shares or any investment class you will cop the full weight of this tax.

Add to this any gain these young investors make, which could take decades to accumulate, will be taxed in a single tax year when they sell, at 30% minimum or at a higher marginal tax rate.

The uber wealthy rarely sell their assets, they just borrow from gains. So this barely impacts them. But middle class families that scrap to save every after tax investment dollar and have to sell to fund new stages in life, like buying a house or eventually retiring are the ones this tax targets.

Even the old pre-1999 system had concessions allowing the gain to be realised over 5 years. This was significantly more fair and reasonable than what Labor has put forward.

Pre 1985 there was no CGT at all and house prices were only 3 x the average wage. So all this socialist Labor BS that you soak up about CGT being the cause of our current housing crisis is rubbish.

I understand why people who receive welfare, are low income earners or never take a risk outside of receiving their guaranteed wages would have issues. Those same people however pay the lowest percentage of income tax in this country. We already have a progressive tax system where higher earners pay more. This however is just a big fat tax grab and targets anyone aiming at any sort of financial independence.

Try doing a bit of research before parroting Labor lies

[Duncs 🇦🇺👀🍿 @__Duncs]

That is only true when it comes to wages tax.

When you look at our system we have huge double taxation across the board including, CGT, GST, stamp duties, Medicare levies, rates, fuel and alcohol excises, LCT, land taxes, all paid from after tax earnings. Australia has one of the worse double tax grabbing systems in the OECD. Our direct neighbours New Zealand and Singapore have Zero CGT.

When a government creates so much national debt its only option is to rip more tax out of its middle class, it is on a fast trajectory to a decline in GDP, less received tax revenue, a decline in services, more poverty and even a bigger wealth gap.

Try harder to think critically rather than parroting cherry picked talking points.

[Duncs 🇦🇺👀🍿 @__Duncs]

Stupid point. Everyone understands why there are taxes.

What we don’t like is over taxation. Particularly double taxation where the government takes a huge percentage of gains you make from investing your already highly taxed wages income.

Add onto that GST, stamp duties, Medicare levies, rates, fuel and alcohol excises, LCT, land taxes, all paid from after tax earnings. Australia has one of the worse double tax grabbing systems in the OECD.

When a government creates so much national debt its only option is to rip more tax out of its middle class, it is on a fast trajectory to a decline in GDP, less received tax revenue, a decline in services, more poverty and even a bigger wealth gap.

Do your research a bit better.

[Duncs 🇦🇺👀🍿 @__Duncs]

Umm, not sure if you are mentally challenged, but Pauline is not in charge of the country.

We’ve just seen the highest jump in cost of living expenses over the last 5 years than in almost any point in history. All seen under incompetent Labor’s watch.

How about you stop parroting Labor propaganda and actually analyse the current government’s performance.

[Duncs 🇦🇺👀🍿 @__Duncs]

More lies.

Your ridiculous increase in all capital gain taxes hidden behind piddling tax cuts will destroy investor confidence, take money from young investors trying to get ahead, reduce GDP and result in significant unemployment.

Your double taxation has to stop. The so called “wealthy” you are targeting already pay the lion share of income tax. Why shouldn’t anyone investing their already heavily taxed wages be allowed to keep a majority of their investment gains.

A huge number of countries including our neighbours New Zealand and Singapore have ZERO CGT tax. Thats because smart governments understand that CGT is a double taxation and it suppresses spending, investment and real GDP growth.

[Duncs 🇦🇺👀🍿 @__Duncs]

It’s worse than that when you factor cost of living increases. Not only does more of their wage fit in a higher non-indexed tax bracket, but with an almost a doubling of real cost of living expenses over the last 5 years, Australians are massively behind.

The supposed 4.75% increase in wages that lying Albo and Chalmers claim, still leaves Australians 95.25% worse off in terms of real wage vs increases in cost of living.

[Duncs 🇦🇺👀🍿 @__Duncs]

You’re delivering inter generational unfairness.

Taking away tax incentives for the next generation that you recently benefited from and continue to receive.

You are double taxing every hard working Australian by ripping wealth from families that have invested their already highly taxed wages to try to get ahead.

Yet you feel it’s “fair” to tax them again on any gain they make from these already highly taxed wages.

This only impacts Australia’s middle class who have to sell assets to fund the next stage of their lives. Whether it’s selling shares for a deposit to buy a house or selling a house to fund their retirement. You want it all!

It barely impact the extremely wealthy who don’t pay wages tax and rarely need to sell their investments.

This will widen the wealth gap and do exactly the opposite of what you claim.

[Duncs 🇦🇺👀🍿 @__Duncs]

@Ryandally08 Just laughs and jokes about the prosperity of Australia and its people. That knob is as un-Australian as it gets. He’s deceived the nation with bold faced lies and continues to do so.

We demand integrity and accountability back in our political leaders!

[Duncs 🇦🇺👀🍿 @__Duncs]

Disgusting and hypocritical!

You sell your own investment properties for millions at the peak of the property market, benefit from CGT and negative gearing, and then bring in new taxes on anyone trying to build wealth the same way.

Everyone is aware you are trying to hide these tax grabs behind measly tax cuts. Australian wages increases are still massively below the doubling of cost of living expenses seen over the last 4-5 years.

[Duncs 🇦🇺👀🍿 @__Duncs]

@CraigSarg73 I don’t know why your head is stuck between your arse with praise for Labor. We have suffered one of the biggest reductions in quality of living in decades with the explosion of cost of living across almost every area of life. And you try spinning that everything is fine.

[Duncs 🇦🇺👀🍿 @__Duncs]

@AlboMP I smell more lies and deception.

If you’re delivering so well, why do you need to put up taxes on hard working family trying to invest in their future?

[Duncs 🇦🇺👀🍿 @__Duncs]

@4mambo If they are such good taxpayers, why do they need all this assistance? Whats your definition of long term?

The bigger issue is too much immigration puts stress on all our essential services like healthcare, policing, education etc, and worsens the housing supply crisis.

[Duncs 🇦🇺👀🍿 @__Duncs]

@MurrayWatt Stop hiding massive tax increases behind these piss weak cuts.

Just all smoke and mirrors and everyone is onto you now.

[Duncs 🇦🇺👀🍿 @__Duncs]

Yep they got fat of huge government paid salaries and regular pay increases. Albo now gets $622K per year and just approved a $57K raise for himself.

Not to mention the massive tax pay funded indexed government pensions Albo and his cronies get in retirement. Literally he will start off on a pension of $250k and it will index up from there for life. single Australians pensioners get about $32K per year. So he gets 8 times what a working Australian gets! Obscene!

These guys claim they are fighting for fairness. What a joke.