@ALeighMP Bitcoin is the hardest money ever invented, shielding wealth from the inflation governments create.
Your July 2027 CGT changes scrap the 50% discount for all assets, replacing it with indexation + 30% floor.
Truly a masterstroke for “productivity.” You and Labor will be voted out
@ALeighMP If your assets underperform inflation (thanks to endless currency printing), you’re already getting poorer in real terms.
This just punishes productive investment even more while pretending to be ‘fair’. Terrible idea.
The old discount wasn’t perfect, but this new model is worse.
@RepulicBanana@cjoye Small businesses like are the real economy. They employ millions, take real risks & drive Australia. Calling them ‘just businesses’ while worshipping tech unicorns is peak out-of-touch elitism. All new businesses deserve fair CGT treatment, not your tech gatekeeping.
@RepulicBanana@cjoye WTF back at ya!!! All new businesses are considered startups, someone has risked capital, time, staff, creating customers from zero.
Not every business needs a unicorn app fantasy to matter. They employ people, serve communities & form the real economy.
Get off labors Nuts!
@RepulicBanana@cjoye A plumbing business, a hairdresser salon, a restaurant, etc etc these are all start ups! All these businesses will get hit with these new bullshit taxes!
@chrisbrycki@cjoye@AlboMP@jimchalmers You lied about the budget’s impact on aspiration and enterprise. This anti-capital, high-tax ideology will leave Australia less productive and more government-dependent.
Time to vote you out. Australia deserves better
@australian@AlboMP@JEChalmers You lied about the budget’s impact on aspiration and enterprise. This anti-capital, high-tax ideology will leave Australia less productive and more government-dependent.
Time to vote you out. Australia deserves better
@TAFEdefender Budget delivers another $31 deficit, with cumulative deficits ~$150b over forward estimates.
Spending growth > revenue. Not ‘essential services’ — it’s expanding govt, waste & debt for future generations.
@craigkellyAFEE They lie to the Australian public to gain votes. They would never of gotten in with these tax reforms if they were open with the population!
@AlboMP and Labor ‘changed their position’, after the election. I guess all Labor voters will ‘change there position’ next election!
@TonySheldonNSW You and the rest of Labor are acting like you’re the saviours fixing all of Australia’s problems. The PM lied about tax reform preelection, and now you’re doing the exact opposite in this budget.
Bullshit. That budget will cost you your seat and see Labor voted out next time.
@GeoffWilsonWAM@AlboMP@JEChalmers, you lied to the people of Australia to gain votes, only to "change your position" post election!!! Change the budget or get voted out!!!
@JEChalmers Probably should have told the australian public about this pre-election.... But instead you(labor), said no changes to get extra votes, then changed it anyways..... Labor are goners next election!!!