@SenWarren News flash. Elon doesn’t have cent extra in his bank account today than yesterday. Its is merely his stake in space-x has been given a value
This is exactly while the wealthy don’t donate more than they do, because idiots that confuse wealth in mines, cattle stations and shares with cash in the bank that you can spend whenever you want, always complain that it is never enough. The majority of her wealth is illiquid in private assets like Hancock Prospecting so to raise $200m she will be selling shares in publicly listed companies. A $200m sale will definitely ding the share price in the short term. A bigger sale would definitely put a dent in the share price affecting all holders and super balances.
@iky_fwjett@JaneCaro Pretty certain a man has no choice and no rights about becoming a father once a woman becomes pregnant. This statement couldn’t be more wrong.
@David_McMahon75@RoseCaporale This is it in a nutshell. To invest you must forgo consumption to place money in an asset that will appreciate. The government doesn’t want you to forgo consumption, it wants you to spend every cent to prop up an ailing economy
@BenPennings So you are telling me the introduction of a CGT discount in Australia caused housing to increase in all these countries too? You are deluded🤦♂️
@tax_oz@Sauronlordking People have been sucked in by Labors theory that only the rich will be negatively affected and the young wanting to buy a house will benefit. Turns out neither can be further ftom the truth. 🤦♂️
Sounds like the reason you don’t is because you have no clue about the difference between money in the bank and productive assets. They are not hoarding money…I bet Elon has no more money in his bank account than he did 5 or 10 years ago. His whole wealth is in companies he started. Doing what you suggested would mean selling shares in those companies diluting his holdings which eventually would mean effectively losing control of them and possibly tanking the share price for everyone else who holds them.
If you are a wealthy investor you will still be able to claim losses just not straight away but once the property is positively geared or if you sell against the capital gains. On the other hand a non wealthy (aka an aspiring investor) will not be able to afford carrying losses until gains are made. Tell me again who these laws were supposed to disadvantage the most.
Many investors spend multiple hours a day researching the market, placing buy and sell orders…is this not work. Many property investors buy run down properties and spend months fixing the place up themselves often after hours at their usual job….is this not work either. Think the OP opinion of how people invest is very narrow minded