The single biggest winner from the budget: the tax-free owner-occupied home, which is where people will put their money. After the budget doubles the capital gains tax on productive businesses/assets from circa 23.5% to 46-47%, investors will understandably pull money from businesses, shares, commercial property and rental housing and plough it into their tax-free owner-occupied home. It's a great way to push up the prices of these houses. On the other hand, cutting negative gearing while also doubling CGT makes investing in rental properties extremely unattractive. It hammers the capital gain upside on any asset: shares, commercial property, the small or medium sized business you built, venture capital and private equity. It will give Australia the most unattractive capital gains tax in the WORLD (see table below)! So the government's policies will (1) push up owner-occupied house prices, (2) push up rents, and (3) reduce the capital available for investing in any small, medium or large sized business that is driving employment, innovation, growth and productivity/prosperity. Investors will go to other countries where they pay half the capital gains tax, or less. Since these pollies have never worked a day of their lives in the private sector, it is no surprise that when they decide to completely and unilaterally rewrite the entire tax system for all investors and businesses -- after promising before the last election more than 50 times NOT to change the capital gains tax and negative gearing rules -- that they would blow the entire Aussie economy up... Your best bet will be to buy a house, live in it, and hope they keep dropping 500,000 new people into the country every year to pump-up prices...
President Milei delivered a powerful speech at the United Nations General Assembly, boldly announcing that Argentina will break from its long-standing neutrality to actively defend freedom. He sharply criticized the socialist agenda driving the UN’s failed policies and urged member nations to return to the organization’s founding values, embracing the principles of freedom.
This is what true leadership looks like, and I am immensely proud to be part of his administration.
¡Viva la libertad, carajo!
(speech translated to english and with english captions)
@JMilei
I'm excited to share that my friend Zoë Routh has just released her latest action-packed technothriller, Terra Blanca - Insurrection. The best part? You can read the ebook or listen to the audiobook for FREE! Get your copy here: https://t.co/4DoNOuulE8
I will be running my world famous Podcast Workshop for B31 Ballarat Business Festival in August 14th.
Go to https://t.co/4d0D8u1dQH for registration and more information.
See you there!
Anyone in business knows that growth is not linear.
Sales don’t stick to on an incremental path, and the activities you do to generate growth, likewise, aren’t the same.
Proudly produced by Chris Ashmore Media.
Hear here: https://t.co/h1juQNr5Li
#NonlinearGrowth#SalesHustle
Clients will more likely buy from you if they feel heard and understood.
@SueBarrett, CEO of @barrettconsult, says leaders must ensure their sales teams learn to develop long-term relationships with clients.
Hear here:
https://t.co/0dG9TjNcNt
#ClientConnectionMatters
The healthcare industry is a major contributor to greenhouse gas (GHG) emissions.
This episode explores the leadership and collaboration needed in the sector to tackle the sustainability challenges.
Proudly produced by Chris Ashmore Media.
Hear here:
https://t.co/Q8P53rkEt2
Exclusive podcasts - are they for you?
Did you know that you can do that with podcasts?
Hamish & Andy do it for their back catalogue.
Casefile does it for bonus and early-access episodes.
Something to think about! 🤔
https://t.co/x7hIUyFJ4P
#PrivatePodcasts
Nikki shares her personal journey of living with lipoedema. She thought it was from over-eating. How wrong she was!
Hear here: https://t.co/7mK91s6nSi
Proudly produced by Chris Ashmore Media.
#LipoedemaAwareness#RealFoodHealing#DitchTheDiets#KetoJourney
"It wasn't that people didn't want to help, it's that people didn't have the language to ask me what help I needed."
That powerful message is from the guest on today's episode of Social Work People, proudly produced by Chris Ashmore Media.
Hear here: https://t.co/poeekdb3TD
A thoroughly though-provoking article on demographics of Finland and Japan, and how Japan could follow Finland's lead in addressing it by attracting youth o/s, with a startup mindset.
by @beaconreports https://t.co/zPJbd5xTKs
The Plastic Surgeon & I is a new podcast series for anyone considering having plastic surgery, and for those who may be supporting someone undergoing a procedure.
#plasticsurgery
Produced by Chris Ashmore Media for @PlastSurgAus
Hear here: https://t.co/HGJdqhJaA8