ethought

Crypto Currency Addict

[ethought @ethought]

@GeoffWilsonWAM @AlboMP This just gets worse and worse....

[Geoff Wilson @GeoffWilsonWAM]

🚨 This @AlboMP government is running a straight-up TAX SCAM on Australian investors.
Buried in their budget bill is a sneaky “loss-ordering” trap that forces you to waste your oldest CGT-discounted gains FIRST — leaving newer gains fully exposed to their brutal new indexation rules from 2027.
Deliberate. Greedy. A betrayal of every mum & dad investor trying to build wealth.
Absolute rort by a desperate, cash-grabbing regime. This must be stopped #AusPol #TaxScam

[💧Manny @Mannyz6767]

The tide has turned so encouraging 👍 👏 👏 👏 👏 👏 👏

[Ryan Dally @Ryandally08]

#BREAKING Angus Taylor absolutely annihilated Anthony Albanese in Parliament over Labor's out of control migration disaster.

Taylor demanded answers on why importing 1.4 million people is Albo's only trick for growth while Australians suffer.

Instead of answering, Albo showed total cowardice, running away from the question with an embarrassing, irrelevant rant about fuel reserves.

Even after being called to order, he kept hiding.

Albo doesn't just lie and break promises, he lacks the backbone to face a direct question.

[Ryan Dally @Ryandally08]

#BREAKING MP Kevin Hogan blasts PM
Anthony Albanese in Parliament for destroying Australia's risk reward economic model.

Hogan's critique is razor sharp, the government has systematically inverted incentives for private enterprise.

Historically, risking capital meant keeping the return.

Now, the framework forces a parasitic transfer of wealth “You take the risk and the Albanese Government gets the reward” Hogan argued.

Hogan then rages that this isn't just failed policy, it's a calculated “unforgivable" deception of the Australian electorate.

Hard to argue.

[Pauline Hanson 🇦🇺 @PaulineHansonOz]

These elitists don't understand how badly Australians are struggling.

Newspaper editors don't get to decide who represents the voters in Parliament - only the voters do.

I am devastated at the state this country is in with Australians sleeping on the street, in caravans and going broke just trying to live.

We should be one of the richest countries in the world. We're not because these same out-of-touch elitists and major party politicians have run the place into the ground.

Australia has the resources, the people and the smarts to do it all - One Nation will knock some common sense into this government or do it ourselves.

[ethought @ethought]

@MarediaShehzan Awesome

[Osher Feldman @OsherFeldman]

𝗧𝗮𝘆𝗹𝗼𝗿 𝗷𝘂𝘀𝘁 𝘄𝗲𝗻𝘁 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗷𝘂𝗴𝘂𝗹𝗮𝗿🔥

“Call an election. Let the Australian people decide whether or not they want these tax increases. If you don’t have the courage to call one now, we will make the next election a referendum on them.”

[Ryan Dally @Ryandally08]

Liberal MP, Michaela Cash, is asked by Sunrise host, Nat Barr, which way the coalition will vote on the Albanese Government’s tax reforms:

“In the first instance, I hate to tell you this Clare, I don’t think any Australian is now believing the crap that you’re trying to spin them”

“This is what happens when you lie to the Australian people 50 times before an election”

“The Australian people wake up and now find the Government is using taxpayers money to flog to them a product they have said no to”

“We will vote against Labor’s toxic taxes”

“They were told 50 times before the election that Labor would not change negative gearing, would not touch CGT tax and were blatantly lied to by the PM and by the treasurer”

[Geoff Wilson @GeoffWilsonWAM]

We must stop this insane new tax on capital gains. Sign 👇 https://t.co/obcCvaj9hY

[Pauline Hanson 🇦🇺 @PaulineHansonOz]

We've asked our Defence Force veterans to put their life on the line for this country, now the government wants to cap the amount of healthcare they receive in return.

While NDIS fraudsters are running out of control, the government is cutting nearly a billion dollars in healthcare funding from our veterans.

This is Labor's Budget.

Senate Estimates June 2026.

[Old Soldier @OMGTheMess]

Seconded

[Robin Dods @toy59496]

Labour's CGT: The Da Vinci Code of Taxation

I've been looking at how the ATO handled inflation-indexed capital gains between 1985 and 1999, before the Howard-Costello reforms replaced indexation with the simple 50% CGT discount. It's expected that Albanese and Chalmers will use the same system.

Take a portfolio of 20 shares held for 15 years with dividends reinvested.

Labour's moronic CGT system involves roughly 7,540 complex calculation steps, compared with 2,420 simple calculations under the 50% CGT discount system. Around 4,500 of those new calculations relate to compounding inflation adjustments alone.

The ATO recognised this mathematical complexity and instead provided a lookup table full of CPI "magic numbers".

Now that may make some of the mathematics disappear but it just massively expands the administrative complexity.

Now meet Bob, a vision-impaired pensioner who has spent 15 years reinvesting dividends and wants to sell his shares to help fund his retirement. He usually does his own tax to save money on accountant fees, and hasn't had any trouble previously with getting his sale price minus his purchase price and dividing it by 2. Bob got to Year 10 before he left school and worked in a factory. He's rightly proud of being independent.

Under the new system Bob's reinvestments have created roughly 620 separate dividend parcels. For each parcel, Bob must now identify the acquisition date, determine the relevant quarter on the magic number table, locate the correct and unique CPI magic number, and apply the adjustment after locating the end quarter unique magic number where he sold.

He doesn't do that once.

He has to refer to the magic number lookup table 1240 times!!

The government calls this simplification because the calculations are hidden inside a table.

Once he's calmed down and stopped yelling expletives, Bob calls it something else:

A tax system built by Treasury for Treasury without giving a rat's arse about how difficult it has now become for him...

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 @DrewPavlou]

Good policy. The burqa is a horrific foreign practice that is completely antithetical to our culture and way of life.

If you wear a burqa or insist your daughter/wife/sister wear a burqa, I immediately know that you hate us and hate our country.

[Sean Clarke @seanclarke911]

Well said Simon.

These parasites are taking the piss

[Melinda Richards 🇦🇺🇺🇸 @goodfoodgal]

Good morning…

What do you think?

Should I post this everyday until everyone has had a chance to show their friends?

[daisymay4263 🌼🌼🌼 @daisymay4263]

Lord help us …. 🥴

[Ryan Dally @Ryandally08]

Pauline Hanson on mass migration:

“Mass migration means that we’ve got a lack of housing”

“So, you don’t care about Aussies living in cars, families in tents, in caravans, that’s a massive issue for me, I do care”

“In 2022-23 Albanese brought in 739,000 immigrants because he said we needed skilled labour”

“But guess what? Only 1,800 out of that were actually skilled migrants in the construction industry”

This is outrageous.

[that stock chick @ausstockchick]

According to Clare, if someone works hard and then dies and wants to pass on money to family it’s not hard work.

This gets me.

#auspol

[Pauline Hanson 🇦🇺 @PaulineHansonOz]

The Australian people are hurting and want change.

I don’t know if it will ever happen, but if the people ever choose to make me Prime Minister, I’d be making lots of changes.

This country has so much potential and One Nation has a team that can unlock all of it.