“Going risk off” - When you convert unconfiscatable money that cannot be debased into fiat, which you then hand over as an unsecured loan to an insolvent institution (aka your bank).
Peter Schiff in January 2026:
“Silver won’t stop at $100.”
“$200 silver by year-end.”
“Shortages are coming.”
“Buy it before we run out.”
A friend of mine, 6 months later, down 50% after buying the top:
Does anyone know a good class-action law firm?
I was told this was sound money, not influencer exit liquidity.
Don’t listen to the bear influencer accounts, they’re all poor. Bitcoin is a revolution. You don’t flip in and out. You choose it, you decide that it’s Bitcoin or death. You understand that fiat money is a disease. You build your life. You save in Bitcoin.
The end.
So Karl interviewing a man about being wrongfully persecuted and locked up in jail multiple times (so Tommy could be cancelled and silenced) is now himself being persecuted, sacked and silenced
Australia 🇦🇺 we have a very big Labor tyranny prob 👇 Watch
Today I can sell it for $61k.
It’s valued by the market.
Its value to me is money I can own without a bank, money I can spend without government permission, a fixed supply that does not change based upon a central bank.
Maybe that has no value to you.
That has a lot of value to me.
And I believe a lot of people will continue to value these sovereign properties.
They have for the 16 years I’ve been involved.
Unless @Apple's decision to terminate @craigraw's Apple Developer account is reversed by June 30, all new installs of Sparrow will fail, and development on macOS will end. If you value Sparrow, a repost would help. @AppleSupport
I am sick of the government and tax academics gaslighting us on this 30% minimum CGT. Their argument is that people are engaging in some kind of "tax avoidance" by accumulating assets through their lives, deferring those gains and selling near retirement when their marginal tax rate is much lower.
This is a spectacularly stupid argument. People sell assets later in life not because they are engaging in some kind of elaborate tax dodge. Most of the time it's because that's when they need the money. This is basically just how long-term savings works.
Similarly, if someone starts a small business and then sells it later in life to fund their living expenses, they are not engaging in tax avoidance. They were just deferring consumption. This stuff should be obvious.
@jake_pahor Only problem is that once it’s in Super it’s trapped and a sitting duck for inevitable future rule changes. They’ll likely keep increasing the retirement age so most of us are dead or incapacitated before we can access it.
Submission to the Senate Economics Legislation Committee
Inquiry into the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and the Income
Tax Rates Amendment (Tax Reform No. 1) Bill 2026
Submitted by: Paul
Date: 8 June 2026
Dear Committee Members,
What a bloody joy it is to be spending a public holiday hastily scribbling this submission against
yet another tax grab, with submissions due the day after a long weekend. Thanks, Labor, for the
masterclass in democratic engagement—squeeze the peasants while giving yourselves a nice
buffer. The Committee gets one business day after the hearings to spit out a report? Mate, that’s
not scrutiny; that’s a drive-thru rubber stamp.
This is a Breach of Trust, Pure and Simple
Labor promised before the election they wouldn’t touch CGT like this. Now here we are,
post-Budget, with a rushed bill that guts the 50% discount Australians have relied on for decades
to encourage investment, risk-taking, and building wealth. This isn’t “reform”—it’s a
bait-and-switch that punishes people who work hard, save, invest in shares, property, or
businesses, and try to get ahead.
My grandfather worked on tanks during the Second World War—not fighting on the front lines,
but doing his bit in the factories to keep the war machine running so we could have a free
country. He’d be turning in his grave right now. He fought (and worked) for an Australia where
you could own something, build something, and pass it on—not this slow march toward the
government owning everything through the tax system.
This bill is Un-Australian to its core.
Communism by Stealth – or Just Pure Economic Idiocy?
Call it what you want: communism by stealth, class warfare dressed up as “fairness,” or the
clueless ramblings of people who’ve never run a business or risked their own capital. This
change—indexing the cost base for inflation while slapping a 30% minimum tax on real
gains—will hammer investors, small business owners, farmers, and anyone with super or
shares.
It shows a complete lack of understanding of basic economics. Capital gains aren’t
“unearned” income—they’re the reward for deferring consumption, taking risk, and allocating
capital productively. Punish that, and you get less investment, less growth, lower wages, and
fewer opportunities. Houses get more expensive for first-home buyers because supply dries up.
Startups struggle to attract talent with equity. Retirees get squeezed.
Is this intended to destroy our economy for nefarious reasons? Or is it driven by pure idiocy
and ignorance? Either way, it’s a disgraceful tax. The government talks about housing affordability while making property investment less attractive and negative gearing changes that
funnel money into new builds only. Brilliant—because nothing says “fix the housing crisis” like
discouraging existing stock turnover and punishing mum-and-dad investors.
Allow Me to Illustrate (in Fair Dinkum Terms)
This is like the government looking at a successful
Aussie who built wealth through hard yakka
and saying, “Nice nest egg you’ve got there... it’d be a shame if inflation + our new rules ate
most of it.” Or telling a farmer who held land for 30 years: “Congrats on the gain! We’ll index the
dirt for CPI, but don’t forget the 30% floor so we still get our cut.” It’s the economic equivalent of
your mate who borrows your ute, crashes it, then sends you a bill for the petrol he used on the
way to the wreckers.
We already have one of the highest marginal tax rates in the world combined with this. Now
you’re effectively raising it further on capital. Genius. What’s next—taxing the air we breathe
because it has “appreciated” in value?
Conclusion and Urgent Request
This rushed process is an insult to proper governance.
Major tax reform deserves months of
consultation, not a few days squeezed around a long weekend. I urge the Committee to
recommend rejecting or significantly amending these CGT provisions. Protect the 50%
discount, scrap the arbitrary 30% floor, and stop this attack on aspiration.
Australians deserve better than being treated like cash cows for endless government spending.
My grandfather’s generation built this country on freedom and opportunity—not envy and
confiscation.
I oppose this bill as you should all.
Paul
Victoria
Treasury’s Marxist are at it again bragging about their ‘interest-free loan’ while plotting the next CGT assault. This is just the warm-up. Is the unrealised gains tax coming again, crushing every investor. We must DESTROY this wealth-destroying communist bull dust and STOP IT NOW! 🇦🇺
It’s hard to believe these people are real at times. Australians shouldn’t be punished for trying to protect their savings from inflation or diversify outside the ASX and property markets. Bitcoin isn’t “unproductive” simply because the government doesn’t control it. Millions of Australians use it as a long-term savings vehicle because they’ve watched housing become unattainable, the dollar lose purchasing power and traditional markets increasingly favour insiders and leveraged institutions. If Labor genuinely cared about productivity, they’d focus on lowering energy costs, improving business conditions, cutting red tape and stopping inflationary monetary expansion, not changing tax settings to funnel Australians into politically preferred assets.
The government should not be deciding which investments citizens are “allowed” to benefit from. It’s time to sack this labor government before it can do even more damage to our economy.
By not taxing unrealised gains it's an 'interest free loan from the government'
We really are going to try and speed run the communist experiment again aren't we?
I can't believe this is an opinion held by anyone within shooting range of our government.
Wow.