Solid program @adharves of @abc730
The taxation of unrealised gains is a direct attack on our farming families as well as every Australian. @AlboMP and @JEChalmers are pushing a policy that is at a dangerous disconnect from regional and all Australians.
As farmer Murray says in the article "we will not be able to afford to keep running the farm and we'll have to sell"
This tax is fundamentally bad and will negatively impact farmers lives and our nations food security.
What we must remember is Australian farms cover 61% of Australia's landmass and contribute $75 billion in exports. Farmers are key to Australia's value added GDP measures.
Labor claims 80,000 people will be affected. There are 136,000 farmers and graziers in Australia and 17,000 have farms in there super. Thousands and thousands of farmers will be caught by this stealth wealth tax.
We estimate the failure to index means over 8.1 million Australians will be impacted not to mention forced selling of assets that will occur, just like Murray plus the loss of $1.1 trillion of investment capital.
@TheAusInstitute in this article continue to talk about concessions and fails to mention Superannuation is a revenue contributor to the Budget not a cost. Superannaution delivers over $45 billion in revenue per annum.
This is a dangerous precedent for taxing wealth, not income, that undermines the entire superannuation system. https://t.co/NiP6LqJQ04
What the difference between a 25 year old Australian woman, a third generation Australia farmer and an Australian Prime Minister @AlboMP ? Watch the video below it will blow your mind!
We must stop the taxing of unrealised gains and index the cap.
https://t.co/Zw43bz2TAE
@Tomcurnow10 Hi Tom, if you value your tracks don’t do it. Our 9r needed a bit of work so we put our bowel on our MT865 and some of the lugs were gone within a couple of weeks.
@Richard_Cosy@lingy_smith Yes Richard, new configuration suits our country a lot better. Just a wash and in the shed once we had finished. Think it’s going to be an absolute winner on the dollar savings for maintenance.
@lingy_smith Helps with the canola germination Adam. The seeder is also a different tyne spacing to last year with stubble flow better on the angle. Not the lump’s coming out the back from the chaff lines.
@Tomcurnow10 Call Nigel Ratcliff Tom as he has a mob in Perth that redo them. I got some done for our Challenger and they did a good job. Just can’t remember there name.
Well the year that keeps giving. If anyone needs advice on pulling gear out I may be able to help. Thanks for all the digging boys and bring on the sunshine.