@australian I fully respect Paul Kellyโs opinion and commentary, heโs seen more up close than all of us combined. And that experience needs to be respected.
But we are in the most fucked up self destructive trajectory our nation has seen.
Something has gotta give. Economically. Urgently
@MarkDiStef@Monaghan3Paul@RennickGBR Would you prefer Albanese correct? Where itโs distorted with a litany of lies, distractions and diversions?
Letโs use the statistics say rational.
90% of minimum wage earners living in 87% of postcodes starting in a 2, 3, 4, 6 or 8 will have 30% of their increase taken initially
@WhereMyOstrich@Multistrada4 Funny how it was only mentioned in passing in comparisons to this one with Keatings โ93 disaster the headline.
Ask your Ostrich.
@Interlime@TimWilsonMP Maybe heโs changed his position?
Not that itโs at all relevant to my post to which you responded.
An on point reaction for your type though
@Interlime@TimWilsonMP Recent social media activity should have demonstrated to you that not all young people are morons who swallow Laborโs tax grab agenda.
@TimWilsonMP How about scrapping CGT altogether and let the people get the economy moving again. The government is way too big and needs to get out of the way.
@RossCameron4 And then thereโs the drop in investment as the cohort hit by the min 30% cgt put the money into term deposits instead of etfs or shares
The interest will slide under the tax free threshold making the return better.
Banks will benefit
Tax receipts will drop
Just unbelievable
@Sauronlordking Labor's budget has launched a full frontal attack on Self-Fundies. Stripping the 0% & 16% away from them. It's a shocking move. Self-reliant people who don't ask for State hand-outs, living off modest income from selling shares are now the enemy.
Yes, they are already. The new 30% tax on trusts isnโt franked. Long term they wonโt run a two tiered system. Itโs just a matter of time until they do the same to corporate structures profits and make them unfranked. They will stop franking definitely if they win the next election.
As a self funded retiree, my tax bill will be effectively doubled due to these tax changes. Will the franking credits be on the chopping block next? I'm so sick of these liars.