Caleb Vear

[Caleb Vear @calebvear]

@ThoughtsSending @melrob74 It doesn’t attempt to reduce the burden on workers income at all. There is now tax rate reduction for income tax, there is a tiny one off refund that is the equivalent of throwing a cup of water on a bonfire in terms of relief.

[Caleb Vear @calebvear]

@mumbletwits @GDizzleDolla CPI is not a true measure of inflation. E.g land price is excluded. So if you bought a house and land prices rise significantly (as they have been doing) you could have an increase in price far exceeding CPI but if you want sell and buy another of similar value you’re taxed.

[Caleb Vear @calebvear]

@Chris_E_Qld_Au @ArrowInvestor I think he felt like the government was being under compensated.

[Ben Beattie @EnergyWrapAU]

I fail to see the problem for one's income to be redistributed among your own family so the family keeps more of their own income.

The actual problem here is this should be allowed without a trust. It should be the default setting.

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹�� @DrewPavlou]

Australia’s top tax rate of 47% kicks in on an income that still would not allow you to afford a mortgage on the median home in Sydney.

So the government calls you rich but you cannot afford to buy an AVERAGE house in Australia’s largest city.

[Jonathan Blow @Jonathan_Blow]

Something we've been working on...

[Marko Matvikov @MarkoMatvikov]

As the father of a young son, this pisses me off.

I'm fortunate enough that my wife can work 3 days a week while my in-laws look after our son.

On the other 2 days, my wife doesn't work so she can stay at home to look after him.

On all 5 days, I go home to have lunch with my family - mostly to see him.

He's happy, well socialised, developing quickly and almost never sick.

My wife likes the balance between caring for him and maintaining her independence.

I don't care how much my wife does or doesn't work - my priority is simply to avoid childcare.

And when my wife and I are at work, we can focus knowing he's at home with family.

Do other setups work better for other people? Of course.

Should everybody live the way I do? Of course not.

But I fully reject the view that childcare is best for every child.

A good government should strive to create a society in which people can make the best choices for them.

Not a society in which they have less choice and more dependence on government.

[Tyler Green @GreenTyler27]

Income splitting could help many Australians have more time at home with their children. But it seems Labor doesn’t actually want that.

Why is the state so willing to heavily subsidise childcare, but extremely reluctant to provide equal recognition to a parent who wants to stay home and raise their own children? Families in Australia should have genuine choice instead of financial coercion disguised as policy.

[Jamie Coutts CMT @Jamie1Coutts]

Young Australians should be enraged by the new super tax.

The statist talking heads will tell you "it's only on balances above $3M. The rich." Most Aussies will fall for it.

Run the numbers. 35yo today. $200k in super. Contributes $15k a year. Earns 8% returns (long run super average).

In 30 years their balance is $3.7 million. Caught by the tax.

But here's the trick. Australia's money supply has grown about 8% a year for the past two decades. RBA's own data. So that $3.7M buys what $369k buys today. Same groceries. Same house. Same petrol.

You didn't get rich. You ran on the spot.

And the $3M line? Frozen. In 30 years it only buys what $300k buys today. It's lost 90% of its real value. The govt doesn't have to move the line. Inflation does the work for them.

No different from the obscene overreach on anti-money laundering rules. The $10k cash transaction threshold was set in 1988 and never moved. $10k then is $26k in today's money. Adjusted for money supply growth, it's $170k. Same threshold. Almost 3x more transactions caught by CPI, 17x by money supply. That's why you get interrogated at the bank for withdrawing what only covers half a year of school fees.

Same trick with income tax. Wages rise with inflation. Brackets don't. Suddenly the average worker is in a "high earner" bracket they were never meant to be in. You don't earn more. The line moved.

This one policy tells you everything you need to know about the government and its intentions. It's all about grift and theft.

Meanwhile, the kids who get hit hardest are kept busy by an education system arguing about hate speech, social media, and the climate apocalypse promised in 2012. Nobody teaches them how money actually works. The govt likes it that way.

So they vote for more taxes. Bigger govt. More "fairness." Pouring petrol on the fire burning their house down.

The fix isn't communism. It's the opposite.

Smaller govt. Lower taxes. Index every threshold to the actual money supply, not the CPI lie. Decentralise the banks.

Despite everything, Australians are entrepreneurial and predominantly hardworking. Imagine what this country could become without the government's boot on its neck.

[Geoff Wilson @GeoffWilsonWAM]

Theft from aspirational Australians will be delivered in the budget next week. Young Aussie puts in $10k, compounds at 15% for 50 years → $10.84 million.
Inflation-indexed cost base: just $44k. Current CGT: $2.63M tax.
Labor’s new proposal: $5.23M tax.
They want to seize HALF your life’s work.
This isn’t tax reform — it’s theft from aspirational Australia.
Stop punishing success. #TaxRaid #AussieDreamKiller

[Libertarian Party ACT @libertarianact]

Housing. Fuel. Small business. Digital rights. If any of it's on your mind, come have a chat.

Friday 8 May, 6pm. Harmonie German Club, Narrabundah.

No membership required. Just conversations worth having.

#LibertyACT #Canberra #auspol

[Jim Penman @Thejimpenman]

The 5% deposit scheme did not lower house prices.

The 5% deposit scheme raised house prices.

Government cash chasing fixed supply pushes the price up every time. Solve the supply or stop pretending to help.

[Caleb Vear @calebvear]

@SquareMileV @MarkoMatvikov Penicillin was discovered by Alexander Fleming (a Scot) in London.

The reason Australia gets mentioned is Howard Florey, an Australian scientist working at Oxford, led the team that turned it into a real, usable drug and enabled mass production during WWII.

[Libertarian Party ACT @libertarianact]

Housing Crisis. In the ACT they control the land, approvals, and what you're allowed to build.

680 house approvals in 2024. Lowest since 1970. Median price $980k. Rent $700/week.

It's a crisis caused by Government central planning
#LibertyACT #HousingCrisis #Canberra #auspol

[Caleb Vear @calebvear]

@itsjoeee__ @NeverteIImeodd I'm pretty sure her hair got sucked in and probably tangled.

[Caleb Vear @calebvear]

@BogosBinted1987 @MuskTillDawn They aren’t hoarding the money usually. Their net worth is usually in stocks, thereby being put to use by the companies they invested in.

[Caleb Vear @calebvear]

@tomfgoodwin Doesn’t it use significantly less fuel since it only has to lift you up to cruising altitude once? So even if the time isn’t as big of an issue the fuel savings will make them more competitive on the route.

[Caleb Vear @calebvear]

@nyates_music @RobertStevenso9 @davrosz I’ve seen it a bunch of times and I don’t see why anyone finds it amazing or incredible. What is it that you see in it? To me it just looks like some random splashes of colour.

[Caleb Vear @calebvear]

@iquilezles @OuSaMa623307 @Jonathan_Blow @anicic_filip @BOENSAW They want the engine to be generic. If it just calls tick() on every entity, it needs no game-specific knowledge. Per-type loops make the engine "know" about the game, which feels like a layering violation. Optimizing for reusability at the cost of clarity.

[Mark Hornshaw @MarkHornshaw564]

There is a myth that rising fuel prices due to a war are 'inflationary' or 'contribute to inflation'. Bad economists call this 'cost push inflation', but it is a total red herring.

Yes, a fuel shock can increase the price of anything that has to be transported. That means people can afford less of those things, or have to buy less of something else to compensate. But buying less of good A because you are spending a higher proportion of your income on good B, has nothing to do with inflation. It is a painful rearrangement.

Inflation is when the money supply is expanded. This leads to overall price rises at some point down the track. It enriches some, and impoverishes most.

Inflation causes prices to rise, but a price rise does not cause inflation.

@JohnRuddick2 @LibertariansNSW @libertarianact @gemma @Libertariansa @LibertariansQLD @RossCameron4 @BobMurphyEcon