This is pure economic vandalism.
@AlboMP & @JEChalmers ‘s rushed #CGT changes have created a secret death tax on the family home. Crazy? Insane? #CGT can now be triggered on death or divorce,before any sale, forcing grieving families to sell just to pay the tax bill.
Insane. Reckless. An assault on aspiration and intergenerational security. We must keep fighting to stop this illogical #CGT.
@NoelWhittaker is right to call it out. Every Australian should read this👇
We have listed Allora (ALLO)!
Repost for the chance to win $100 of ALLO 💸
https://t.co/2NNaaZ1XZP
Happy Trading 🚀
*Must have a verified CoinSpot account.
We have listed Ripple USD (RLUSD)!
Repost for the chance to win $100 of RLUSD 💸
https://t.co/2yGB3l7X77
Happy Trading 🚀
*Must have a verified CoinSpot account.
The most important chart to understand WHY assets have appreciated since 2000 is below.
Money supply has outperformed housing.
It outperformed the stock market until recently when corporate profits accelerated from AI and other tech.
Even then, stock outperformance is limited.
In short, our money is being devalued and EVERY chart, particularly of hard assets, needs to take that into account.
@JEChalmers Dismissing hairdressers’ capital gains with a smug ‘not $10M turnover’ jab says it all about you. Business owners aren’t your punchline- they are the backbone you’re taxing. Never run a business yourself, have you Jimmy?
You never managed a business in your life and are 100% wrong. Hubby may have tried to import heroin but that doesn’t mean you have a clue about small business operating legally in Australia. After all, apart from that little adventure you both lived off government jobs all your lives.
@RichardMarlesMP Yep people in your own country living on the streets in the cold and going hungry. But send more $ to kill in a war that has nothing to do with us instead. You really are all scumbags.
If you build, hire, or risk capital in Australia, you are feeder stock for the public sector.
The chart shows the rot in numbers.
Public sector real wages outpaced private wages for 21 straight quarters from 2016 to 2021. Longer than Sweden's run before its 1992 banking crisis. Longer than Greece's run before 2008. Longer than the UK's run before the IMF showed up in 1976.
And it started under the Coalition. The party of "small government" oversaw the longest documented public-sector wage dominance in any peer dataset. Labor kept it going. Last 5 quarters: public outpacing private again. The major parties stopped pretending they were different a long time ago.
Now comes the Tax Reform Bill 2026, scheduled 1 July 2027. Scrap the 50% CGT discount. Add inflation indexation. Slap on a 30% floor. Up to 47% effective tax on real gains. The highest in the developed world. China 20. US 20. UK 24. Germany 25. France 30. AU 47.
Whitlam tried the same playbook in the 70s. Federal payroll grew from 240k to 300k in three years. Stagflation. Loans Affair. Dismissal. Fraser slowed it but never reversed it. Medibank became Medicare. Every public-sector expansion outlasts the government that started it.
Sweden ended its run with overnight rates at 500%. Greece ended its run with GDP down 26% and youth unemployment at 60%. The UK ended its run cap in hand to the IMF. In each case, the bond market spoke before the voters did.
The fixes have been tested. Howard fixed CGT (Labor now unfixing). Canada's Paul Martin cut 45k federal jobs and balanced the books in three years.
Its much worse now. Radical change is needed. Otherwise, intellectual and capital flight will accelerate. Then there will be nothing for Canberra to extract.
#auspol26
@coinspot Little point HODLing anymore - CGT changes just killed the incentive. CoinSpot, where’s your voice against this government tax grab on crypto holders?
@ALeighMP You destroy our purchasng power then have the gall to tell us how to save what's left of it. You epitomise everything that is wrong with Australia's political class. Feeble minded tyrants and sociopaths jealous of entrepreneurs and builders.