It’s hard to believe these people are real at times. Australians shouldn’t be punished for trying to protect their savings from inflation or diversify outside the ASX and property markets. Bitcoin isn’t “unproductive” simply because the government doesn’t control it. Millions of Australians use it as a long-term savings vehicle because they’ve watched housing become unattainable, the dollar lose purchasing power and traditional markets increasingly favour insiders and leveraged institutions. If Labor genuinely cared about productivity, they’d focus on lowering energy costs, improving business conditions, cutting red tape and stopping inflationary monetary expansion, not changing tax settings to funnel Australians into politically preferred assets.
The government should not be deciding which investments citizens are “allowed” to benefit from. It’s time to sack this labor government before it can do even more damage to our economy.
PhD in Economics doesn't understand the difference between the primary and secondary market.
Buying a basket of shares means the money goes to the seller not to the company, so it doesn't do a thing to increase productivity.
**as an aside buying an index fund is a smart thing
The highest house prices in the world, the highest immigration rates in the developed world, the most retarded population in the world apparently (NDIS), and now the highest capital gains tax on Earth.
'The lucky country'
Run by communist despots.
If Labor had any intention of fixing the housing crisis they would end mass migration and ban the foreign ownership of our homes. They have no intention of doing either.
🚨 Tax specialists have uncovered a sleeper clause in the federal budget bill designed to quietly inflate investor tax bills — and it's a rort. The bill which passed the lower house yesterday, introduces a mandatory "loss-ordering" mechanism for the first time in Australian tax history. Instead of cherry-picking how losses offset gains, investors will now be forced to burn through their oldest gains first — stripping away the 50% CGT discount and leaving newer gains fully exposed to the punishing new cost-base indexation regime from July 1, 2027.
Say you bought shares in 2018 and again in 2024. You sell both at a gain, but you also have losses to offset. Previously, you'd apply those losses to your 2018 gains first — which already qualify for the 50% CGT discount, meaning less of them are taxable anyway. Under the new rules, you're forced to do exactly that — exhausting the discounted gains first and leaving your 2024 gains fully exposed to the new, harsher indexation rules.
You end up paying more. This isn't an oversight. It's a deliberate revenue grab buried in fine print
Jacinta Allan’s government rushed in new donation laws in the early hours of this morning,
Restricting political party donations for every political party to stop “outside influence”
But, guess who is exempt from these new laws?
The unions.
They are fucking corrupt as hell.
Mali from Marketing isn’t serious is he? The Auditor-General’s own report says South Australia’s debt burden will be worse than every state in Australia except Victoria by 2029. If we’re the second-most indebted state relative to our revenue and economy, it’s hard to argue we’re the most fiscally responsible government in the country. You can read the auditors report here; https://t.co/yKmaGFbapT
@GreenTyler27 many States in USA(10-14 at this stage)
are already passing legislation to ban or restrict them because even they do not have the capacity