A level playing field?
Australian investors pay income tax, invest what's left, and then get taxed again while competing with foreign capital that bears no such burden.
If you punish local investment, don't be surprised when capital & ownership leave Australia.
For a measure that is purportedly about “fairness” the proposed minimum CGT rule certainly produces some absurd results 👇
In what universe does a tax liability of 50% taxable income of $30,000 (ordinarily attracting 6% tax) make sense?
@OwenRask Scott isn’t a “great follow”, Scott endlessly espouses his “truths” (BS) in matters he is clueless about. Scott would do well to stay in his narrow lane.
Comrades, we have done it again. This is a win for the working people. We have gone backwards!
Alas, all of the growth has come from the private sector. But rest assured comrades, that means more opportunity for new taxes, seeding division in our society to break the opposition party, and extra employment in the public sector.
Blessed be the fruit!
(Obviously I’m joking. Nearly everything going backwards, higher interest rates, higher taxes, higher public sector employment, medical costs like GP visits blowing out, ER wait times rising, inflation rising because of gov spending, house prices getting crunched, low income earners getting taxed more, attacks on entrepreneurship… I’m just trying to keep things lighthearted… we’ll get through it. Have a great day. P.S. @TMFScottP is a great follow.)
Grace Tame does not represent me or any other woman with autism.
A few weeks after the Bondi terror attack she was calling for additional attacks invoking the phrase “globalise the intifada”, which has been a dog whistle to kill Jews for decades. She has denied the rapes of Israeli women on October 7th for which there is documented evidence. She has consistently spread disinformation, lies, and antizionist rhetoric that has targeted Jewish people in Australia for antisemitic violence.
She is thoroughly problematic, politically fringe, proven herself as completely intolerant of others, and shouldn’t be the face of women’s autism.
There are so many brilliant, non politically problematic professional women the ABC could’ve chosen instead to shine a positive light on autism in women, discuss the personal challenges, talk about the latest research, and frame it positively.
Yet the ABC decided to take this opportunity to launder more antisemitic rhetoric, giving a big “fuck you” to both the Jewish community, and to people with autism.
A White disabled teen was tied up & tortured for five hours by 4 Black
18 year olds in Chicago.
“F**k white people” one of the attackers yelled in the video as they cut him with a knife.
These sadistic savages live streamed the torture video on Facebook.
Male officer: "He says he's been stabbed."
Female officer: "We have to check, don't we?"
Male officer: "No."
I worked in emergency care for years... YOU ALWAYS CHECK, even if you think the patient is unreliable.
The guy is on the ground and clearly in respiratory distress, telling you he's been stabbed. What the fuck is wrong with you to automatically assume he's lying?
That's gross disregard for human life and as far as I'm concerned as a non-law person; it's criminal negilence. 💀
Is Labor driving Australia towards recession?
Australia just recorded its first trade deficit since 2017.
The major banks are warning that economic growth is stalling, recession risks are rising and the economy is losing momentum.
Since Labor took office:
📉 Living standards fell
📉 Economic growth slowed
📉 Business confidence weakened
📉 Housing affordability deteriorated
Meanwhile in reality:
📈 Government spending has surged
📈 Migration has remained at record levels
📈 Energy prices hit households & businesses
The result?
🔴 A $4.1 billion trade deficit
🔴 A $27.1 billion current account deficit
🔴 Weak growth forecasts from all major banks
Albanese and Chalmers can spin the narrative however they like, but the economic data is moving in the wrong direction.
A strong economy doesn't run on slogans and media talking points. It runs on productivity, investment, affordable energy, housing supply and responsible economic management.
The warning signs are flashing ⚠
Its hard to put into words just retarded this budget is.
Labors strategy to help you afford a house is to limit the ways you can acquire wealth and to hope it crashes housing prices. Which then in turn loses every home owner money.
It helps nobody and damages everyone.
What should have been done;
- remove negative gearing for investment properties
- remove/lower CGT on shares, small business and crypto.
This would have driven investment away from housing and into other investment paths.
The best way to allow young people to be able to afford a home isnt to crash house prices, its to give them better methods of accumulating money, which labor have slammed shut by now having the highest capital gains on investment classes in the world.
It would he hilarious if it wasnt so stupid and damaging.
#auspol
We must STOP the insane tax on CGT! How do you improve productivity? You encourage invest. This budget is doing exactly the opposite. To include all Australian companies in this is a backward step. Thank you for having me on to discuss this bad, illogical policy @peterswitzer
https://t.co/j1NIDDFUvx
@Caramello16419@carolemorrissey Everything Labor is doing further ruins the economy. Dumb people will never understand and will always fall for Labor BS.
When the female police officer tries to determine where Henry was stabbed, one of the Digwa brothers interrupts and says he wasn’t stabbed, and she says “I know, but we have to check.”
You can hear some of them saying “racist” in the background.