Over the last couple of years I have gone from 120kg and sedentary to being almost in good shape and wanting to be active again following a low carb & fasting approach. Lots of thanks goes to @LCMDPodcast@drjasonfung@BenBikmanPhD@DietDoctor@tednaiman and others
Great cup and handle.
Extremely bullish for anyone who is: fat, lazy, retarded, loves fraud, hates capitalism, wants to sit on their ass all day in meetings that achieve nothing.
There is a vicious circle at the heart of Australian fiscal policy.
Government taxes workers’ wages. Spends more than it collects. Lifts the wage tax. Spends more. Lets bracket creep quietly raise the burden every year, a hidden tax nobody votes for.
Spends more. Prints and borrows, so inflation eats what’s left in your pocket, another hidden tax.
Spends more. Stacks excise on fuel, tobacco and alcohol; stamp duty on homes and shares; a Medicare levy on top of income tax. Spends more. Brings in a consumption tax. Spends more.
Now it has to tax capital. @cjoye
At every step the answer to overspending has been a new base to tax, never less spending.
Wages weren’t enough. Bracket creep wasn’t enough. Inflation wasn’t enough. Excise wasn’t enough. GST wasn’t enough.
So the productive stock the country has spent generations building is next in line.
That is what the proposed tax regime actually is. Not a fairness measure. The latest turn of a ratchet that only moves one way and it won’t stop until the spending does.
I think most are sympathetic to the idea that all Australians should benefit more from the prosperity coming from the resources sector. And even more so to the idea that these revenues are put to use ensuring our prosperity in to the future, rather than using these cyclical revenues to underpin permanent current spending.
That said the long term foreign investors (in the absence of Australian ones or the government itself) took the risk and raised the capital to invest and now it is paying off. To my understanding they are obeying the law and paying all the taxes they are required to under the legislation brought by the governments of the day. Changing the taxes law now they have made a successful investment the type of sovereign risk investors look to avoid.
@Larryjamieson_ And now projects aren't starting, mines are being mothballed ... future collections expectations lower.
"let's do that to gas" - we have an advantage there too.
If ur fix to a physical shortage of “energy”… is to..
a) slug the existing “energy” suppliers with additional taxes to minimise their profits and;
b) cut consumer taxes to increase affordability
You will discourage increased supply and encourage increased demand.
Markets work naturally with price - no need to fuck around and intervene.
A few people away from 50k followers
Upon reaching 50k, a random follower who retweets this post will receive a free lifetime subscription to my blog posts
Cheap trades on moomoo ($3 on ASX for up to $10k and 0.03% above that). Process is so far pretty smooth, and very well organised.
https://t.co/X3ERSCS24q