@TonyNashNerd@AvidCommentator Gen Y here. My dad bought his 3-bed house in Logan QLD for 4x his government salary in the early 90s.
My grandparents in inner city Brisbane bought land and built a house on it for 2x the household income in the 1950s.
@swink79207322@AvidCommentator Want to know the dirty secret of healthcare?
Every hospital's primary business metric is profit-per-bed. Management knows that they can't adjust the revenue side too much, but the expense side (i.e. staff and wages) can be reduced greatly. Plus, they can claim "skill shortages".
@TMFScottP@ozprodcom@danielleiwood I think it's a symptom of a deeper problem in society - victimhood. When everyone sees society bend to the will of people who complain or act as victims, it creates a society where everyone feels they are owed something.
The opposite is a society where sacrifice is the virtue.
@LynAldenContact I'm pleased to learn that you're a Coiler. Great taste :)
Ever listened to Avatar? I think they would be a good match with your list.
https://t.co/DRrl9bY7O9
@SecretCFO I'm in tech. My exec team has everyone using LLMs and we're selling our own agents. Meanwhile, sales are slipping and customers are unhappy.
That same exec team still happily wastes days on offsite meetings and collects base salaries that are 10x the average employee's salaries.
@AvidCommentator It's the VOLUME of migration (set by government policy) that is the root cause of all these problems.
A country like Australia should not need increasing migration levels. They should be decreasing as our local population naturally grows over time.
@ModeledBehavior Why is the solution never focused on paying the original creators?
Just have every research paper set up a crypto wallet address and AI access can be pay-per-view. The funds then go to a wallet manager who shares the proceeds with the authors. Fully transparent.
@IFM_Economist@DrCameronMurray When we look back at net overseas migration and local births, there was a significant change that occurred around the Rudd years (2007).
Before this, there were ~4 migrants for every 10 Aussie births.
Now it's ~8 migrants for every 10 Aussie births...
@Ben_Davison1 When did the share market drop 40% and take a decade to recover?
Absolute worst case:
2000s: Down 50% but back to break-even in 7 years.
2008: Down 57% but back to break-even in 6.5 years.
Within those same exact timeframes, one could have also bought low and sold at 2x.
@Crocodylus121 The political party that forces the universities to provide housing for their international student cohort will solve the housing crisis.
@Crocodylus121 What is unclear with the migration maths:
Is the average occupancy of 2.4 occupants per household the same for migrants?
Are the dwellings being completed in the same areas as that of population growth?
NSW/VIC are building faster than pop. growth. QLD/WA are not.
@ForSureNotElon@Sauronlordking@alanwilldo Yes, all of her capital gains will be taxed at a minimum of 30%.
If you preferred to match it against an individual's average tax rate of 30%, then that individual would need to be earning exactly $224,867.
@tax_oz@chrisbrycki@Johnkehoe23@DerekFranc90653 Doesn't your example imply that Asset 2 was bought for $100K and sold for $100K, therefore the capital gain was $0, regardless of whether there was indexation or not.
@bowtiedstocks Now they will have no choice but to enshittify the AU standard that made them successful in the first place...
Smaller servings
Cheaper ingredients
Touchscreen / AI ordering
@jaredlawler@bowtiedstocks People are selling out of the higher-priced Sydney market and migrants are bringing in family wealth from overseas.
https://t.co/yLe1yOyGJ7
@CrypNuevo Growing $45K into $284K is roughly an 8% return per year for 25 years. You could have just invested in the S&P500, with minimal expense, and achieved the same result.
When combined with your trading strategy, you would have achieved much higher returns, too.