groundrisk

[David Johnson @djj_australia]

U.S. today: GPT-6 god released and driverless robotaxis are all over Austin.

Australia today: collapsed propadee developer had in house visa agency.

[groundrisk @groundrisk]

@respeculator to solve some of the problems thanks to their rooftop solar subsidies.. granted most of the above is private capital bar maybe 2b there are some underwriting mechanisms using public funds

either way not that productive use of capital

[Respeculator @respeculator]

$17 billion of batteries installed into the grid.. government is also providing and addition $8 billion worth of subsidies for households to install their own... lotta dough for no electricity generation... what's that thing about capital cycles? 🤔

[TwinTurboCelica @TwinTurboCe1ica]

30 years ago electricity generation was coal and hydro. It was cheap and reliable.

Now with “cheap renewables” it is expensive and unreliable.

If you believe renewables are “the cheapest form of energy” you are a moron.

Go on moron, tell me we just need MORE for it to work.

[Chris Brycki @chrisbrycki]

In selling the Budget, the Treasurer repeatedly claimed that only “1 in 10” Australians under 35 own shares, including in his interview with @BilliFitzSimons.

That figure appears to come from Treasury modelling (later released under FOI), showing that 11% of taxpayers under 35 received dividend income.

But… if you read the fine print in the emails released under FOI it looks like Treasury ignored both capital gains and foreign trust income. If that’s right, it’s a major omission!

Less than half of ASX listed companies pay dividends, so many young Australians invested in growth shares may not have been counted. Nor, it seems, were investors in assets like crypto that generate capital gains but no dividend income.

It also appears to miss investors in ASX listed international ETFs ($150B), which distribute foreign trust income rather than franked or unfranked dividends.

If so, Treasury may have significantly understated how many young Australians invest, and therefore how many will be negatively affected by these tax changes.

Yet another example of budget modelling that underestimated the policy’s impact on younger Australians?

Treasurer interview: https://t.co/vS4CK6z3h9

FOI documents: https://t.co/GoaVrzJgcp

Question for the Treasurer @JEChalmers Can you clarify whether Treasury’s “1 in 10” figure excluded Australians under 35 whose investment returns came from capital gains or foreign income, and if so, what does Treasury estimate the true number of young investors actually is?

[Commentary Australian Greens @GreensAU2]

Just as the average Roman didn't realise their empire was collapsing around them, the average Labor voter remained oblivious to the slow-motion destruction of their own country.

They ignored every warning sign. The roads just stopped being repaired. Hospital emergency waits ballooned to 14 hours and became the accepted norm. Bulk-billed GP visits simply stopped existing. Power bills, rent, and groceries kept climbing under endless "temporary" inflation that somehow never ended. Car break-ins, youth crime, and home invasions became just another part of life in cities that used to feel safe. Public infrastructure projects either never got finished, exploded in cost through waste and corruption, or delivered substandard results. Housing targets were repeatedly missed as migration continued to surge. Education standards declined in favour of DEI objectives. Welfare and NDIS spending exploded with waste and fraud.

And through it all, the ruling party's only objective was to get re-elected at all costs. They ignored the problems and spent years dividing the nation, redefining everything as "racist," obsessing over atoning for wrongs committed centuries ago by people long dead. They lectured ordinary people about white privilege and colonial guilt, promoted identity politics and constant symbolism, boasted about DEI in their ranks, and dismissed any criticism as bigotry.

And it worked. Their voters cheered. They swallowed the slogans, shared the hollow social media posts, chanted the trendy buzzwords, and kept voting for more of the same.

Rome didn't fall in a day. Australia under Labor didn't either. It was quietly dismantled, one ignored warning sign at a time, through complacency, denial, and a stubborn refusal to face reality and vote differently.

[Ahead @AheadAus]

🚨 In under 60 seconds, former NSW Parliamentary Budget Office chief economist @DerekFranc90653 explains why Australia is going backwards while the rest of the developed world gets ahead. More spending. More waste. More tax. Same result. You fall further behind.

[groundrisk @groundrisk]

@0x_fokki DETECT

[Jet Ski Bandit @fulovitboss]

Very well said 🎯🔥

Wake up Australians, we need change.

Labor & the Greens must go. ASAP!!

[groundrisk @groundrisk]

@4TESLANZ similarly with autopilot wish we could set a "closer to the left" or offset @Tesla @TeslaAUNZ

[TaxPawspective @TaxPawspective]

It’s revealing that the Treasurer said “There is still a discount after these changes come in. It’s just calculated differently.”

So he thinks indexing for CPI (ie not taxing nominal gains at marginal rates / minimum 30%) is a “discount” 🤦‍♀️

[groundrisk @groundrisk]

@Tesla @Tesla an idea for you, ability to set an offset from centre-of-the-lane when doing highway FSD or autopilot.. I'd much prefer to stick closer to the edge than the centre line!

[Konstantin Kisin @KonstantinKisin]

We tax cigarettes to reduce smoking.
We tax alcohol to reduce drinking.
We tax fuel to reduce driving.

What do you think happens when you tax employing people and running a business?

[groundrisk @groundrisk]

@GregWaddell20 @respeculator 😂😂😂

[groundrisk @groundrisk]

@RobGrieves nothing here @Tesla !

[Retard Finder @IfindRetards]

Stop calling politicians public servants. They aren't serving us, they serve themselves.

Just call them retards.

[Truth Bombs @capitalistaus]

It implies investor involvement will remain the same. It won’t. Capital will leave, tax revenue will fall (larger curve), tax offsets are meaningless (68c a day!), small business is going insolvent in record numbers. Government will turn on the money printer, inflation will spiral, interest rates will rise. The only way to save the economy is through empowering small business. Cheap power, less labour laws, less taxation.

[TRADIE2TRADER @desertman388]

$ARD

Too good to ignore.

If this fails I'm giving it away.

[groundrisk @groundrisk]

@desertman388 Not really - he had gold / PMs turning cycle last week around the 9th I believe.. But you're all over it as always! Love your work