Chris Bakin

Engineer | Value Investor | ASX equities |
Avoiding stupidity is easier than trying to be brilliant

[Chris Bakin @cbaken1]

@psyclaw You doubt the truth of that?

[Chris Bakin @cbaken1]

@psyclaw @Trowy4 We're talking about Capital Gains Tax

[Chris Bakin @cbaken1]

@psyclaw @Trowy4 Happy to pay tax. But not the highest CGT in the world

[Chris Bakin @cbaken1]

@katelhunter @___Big_Mike___ @sophialolballz @PaulineHansonOz I am an investor. I provide much-needed capital to productive ventures, including medical research. With the highest CGT in the world, the risk-reward equation has shifted, and I will redirect my capital elsewhere. Do you think that is a good outcome?

[Chris Bakin @cbaken1]

@EllaCoo55777104 @whezmabeer Are you happy to pay the highest CGT in the world and help starve our economy by driving investment capital to better tax jurisdictions?

[Chris Bakin @cbaken1]

@leighdunsford @LNPvoterfail @NChvastek Yes. Envy and resentment toward successful people, along with the victim mentality that goes with them, are deeply self-destructive emotions and behaviours

[Chris Bakin @cbaken1]

@LNPvoterfail @leighdunsford @NChvastek Wealth distribution never works in the long term pal. What makes you feel so envious of other people being successful?

[Chris Bakin @cbaken1]

@RepulicBanana @ajamesbragg Have you read the submission by The Tax Institute?

[Chris Bakin @cbaken1]

@NChvastek Your X account and the device you used to type that message on were funded by billionaires' capital. How about this idea: close your X account, sell your computer and phone, and go live in the bush where you can enjoy your socialist ideology in peace

[Chris Bakin @cbaken1]

@Toenails15 @AngusTaylorMP Did you know the top 10% of earners pay half of all Australian income tax? In other words, the rich pay most of the bills. If we’re talking about concessions, do you really want to scrap the $18k tax-free threshold?

[Chris Bakin @cbaken1]

@timritchie @AngusTaylorMP Investment capital is mostly post-tax earnings. Business share investors risk their own downside to put that money to work - buying equipment, funding startups, and paying wages. Heavily taxing the reward discourages the exact risk-taking that grows the economy

[Chris Bakin @cbaken1]

@gus_bibi_graeme @T_upnation @TonyIKnow Capital is almost exclusively funded income that has already been taxed. In the case of shares, prices reflect corporate-taxed earnings; fully taxing capital gains double-taxes this value. You have NFI about accounting, do you?

[Chris Bakin @cbaken1]

@gus_bibi_graeme @T_upnation @TonyIKnow Personal (49%) & company tax (25%) fund nearly 3/4 of AU revenue. High earners & businesses carry the load. Claiming low earners get "no tax benefits" ignores the $18.2k tax-free threshold & offsets making them net beneficiaries. Your reasoning is driven by envy, not maths

[Chris Bakin @cbaken1]

@gus_bibi_graeme @T_upnation @TonyIKnow Fact check: Half of Australia's personal income tax is paid by just the top 10% of earners.
​Our system relies heavily on a small fraction of high earners to subsidise government services and welfare for the rest of the country. Enough of the envy

[Chris Bakin @cbaken1]

@bowtiedstocks I've ticked all these boxes over the last 20 years. Investing in cheap companies with no competitive moat or thinking I understood the business were common mistakes of mine

[Chris Bakin @cbaken1]

@Michtull @TheRealDavey2 Want less productive investment, slower innovation and weaker economic growth? Raise capital gains taxes to ordinary income rates. Peer-reviewed research in Oxford's Review of Finance shows exactly what's at stake: https://t.co/Waoq7yZkd2

[Chris Bakin @cbaken1]

@BuwReen70444 @tompanos The last 40 years have seen interest rates falling and credit exploding unlike any time before - a massive tailwind for property. The next 40 years will likely look a lot different, and the current numbers don't paint a good picture

[Chris Bakin @cbaken1]

@Slide2theleft_ @David_McMahon75 @JEChalmers Investing your hard-earned, after-tax savings in company shares requires immense discipline. You must first resist the urge to spend it, and then face the psychological hurdle of uncertain returns. It is a difficult path, which is precisely why so few people choose to take it

[Chris Bakin @cbaken1]

@RickFHarris @newscomauHQ Lol. DYOR until someone actually does the work and hits you with a proper peer-reviewed study. Then come the instant mental gymnastics. Your version of research and actual research just met for the first time- painfully awkward. https://t.co/xtoxJebVhX