@GreenTyler27 I mean he also said in the same context to use this measure to reduce income tax to 30% for anyone earning under $300k and also said his biggest concern is lack of incentive for investment for businesses to boost productivity.
@KosSamaras It’s not targeting wealth instead of income it’s targeting both. Our income tax is extremely high so they don’t really have room to make it higher.
@matt_barrie Since we love taxing everything, why not tax the absolute sense out of non new property investment? Would have a reasonably negative impact on price.
@ausstockchick Unfortunately it was the same under both parties….what would happen if you could access your super and have a tax right off for first homes? Same effect
@TMFScottP@LCHF_Matt Not true, the costs inflate, but even in an indexed system the tax collected also inflates, all you are doing is preventing people moving up the bracket which is ABOVE inflation. Aussies currently get taxed via bracket creep plus inflation
@TrustlessState@bankless All fair, I think the bigger issue is why is your partner is undertaking trading (in a VC firm?) without all GP approval, like a decent portion of your stake in a new project? It’s a really weird thing to do.
@dcinvestor@RyanSAdams Terrible take from @dcinvestor - I actually can’t even understand what you are on about? That you don’t agree with David’s tweet? And that he’s got some higher level responsibility or something?