WHO COULD HAVE SEEN THIS COMING???
Oh wait... I did.
My first video warning about exactly this outcome is now more than 10 years old.
Any politician or bureaucrat who tries to pretend this is unexpected, or that this is not a DIRECT consequence of the government's own actions, should be out of a job immediately.
🇬🇧 Multiple angles have now emerged of British Riot Police beating a protester, including repeatedly kicking him in the head while pinned and motionless, at a demonstration over police mishandling of the Henry Nowak case.
Follow: @europa
Good morning Aussies.
Labor is a filthy parasite sucking the life out of Australia both culturally and economically.
It'll be a big job to remove them and a lot of work to repair the damage they have inflicted.
But together we will prevail.
JACK MALLERS JUST ABSOLUTELY UNLEASHED ON THE "WALL STREET MONSTERS" SPREADING FUD AGAINST #BITCOIN
"WE ARE BATTLING FOR THE FUTURE OF HUMANITY"
"WE HAVE TO BURN THIS SYSTEM TO THE GROUND"
BTC IS THE FUTURE 🔥
'Rents to jump 350 per cent under budget measures, modelling shows'
This is one of the most misleading headlines I have ever seen.
What they are referring to is rents rising by $9 pw over the coming years due to tax reforms, not $2 pw stated by Treasury
https://t.co/v09lumhnnC
With Clare openly revealing herself as a Communist, DEATH TAXES are now barreling straight toward us.
Labor’s unprecedented flood of mass migration — deliberately engineered to import likely future Labor voters — has dumped an extra 1.5 million new migrants into brutal competition for our already scarce homes.
We can’t build our way out of the problem of excess demand, migration numbers need to be drastically cut, which Albanese refuses to do, because importing votes is his first priority.
Excess migration is the root cause of Australia’s housing crisis.
Yet instead of slamming the brakes on this reckless influx, Labor has doubled down with a barrage of clueless, socialist-inspired idiocy that only creates more market distortions and makes the disaster far worse.
As a band of Socialists and Communists, they have no idea that their policies of wealth distribution, only destroys the very incentives to create wealth in the first place.
Their endless new taxes, tax hikes, and reckless debt binge is crushing aspiration and making it even harder for ordinary Australians to get ahead in life.
The lock-in effect
It may be that the most economically consequential outcome of the proposed tax rises will not be:
- discouraging founders; or
- founder flight
but something called "the lock-in effect".
The literature on it is consistent across almost 50 years of study.
The basic idea is that raising taxes at exit makes owners less likely to sell.
From there, it's straightforward to predict:
- reduced transaction volumes
- reduced liquidity; and
- a whole set of inefficiencies re: owners that should have sold years ago but were averse to losing half.
Having the highest CGT rate in the world will no doubt put Australia in a position to contribute to the literature on the topic 😊
The CGT debate I’ve seen on here over the last few weeks gives me the sense that it’s pilling people (sending them insane, obsessed) at a rate not seen since Covid lockdowns.
This was @Keir_Starmer talking about serial criminal George Floyd, who died of a fentanyl overdose thousands of miles away.
And he still hasn't even mentioned innocent teenager Henry Nowak, who was murdered on the streets of England, and left to die by our police force.