I don't have substantial wealth, and even I'm seriously considering leaving Australia if these leaked CGT reforms pass in the May.
Talk about pulling up the ladder once you've climbed it..
I get the logic of scaling back tax breaks on non-productive assets like property. But hiking the tax on shares and equities, from the already high global rate they are at now, is retarded.
It actively disincentivises risk-taking, entrepreneurship, and new business formation here.
The exact opposite of what we should be encouraging if we want a dynamic economy.
Then again.. the majority of our politicians seem to be bought out by big business, so maybe this is exactly what they want, no efficient upstarters coming to take their place.🙄
So sick of Albo saying he’s changing CGT discount to help overcome “intergenerational unfairness”.
The guy spent all our money on NDIS rorts and fake public sector jobs.
Plus mass migration campaigns sending house prices to the moon.
Then comes after investors.
Sick of it.
#auspol
@phildstewart To all the numpties saying Iran has no leverage …. Is the strait open or closed? Every day that goes by, their leverage only increases. Even with yesterday’s announcement no major carriers have transited.
@BojanRadojici10 My experience is similar. It is unbelievably proficient, but it also enhances your own skills by showing you how to do things, 100x better than Excel help. Pls send the prompts
@Kacper_PK_CH $SPD will be the next PGM mine developed in South Africa and possibly globally. Outstanding address adjacent to major mines and trading a tiny fraction of NPV.
@Craig_Foster Most of Australia would prefer lower power prices then net zero horseshit which is totally pointless unless the whole world adopts it, which they aren’t going to as we are in an AI arms race with power being the bottleneck. Get with the times Craig.
@simonahac What we do is irrelevant to climate change, so we should maximise our standard of living and develop all sources of energy as rapidly as possible to boost manufacturing, and remain relevant in the AI race.