JK Law

Adorkably awkward, apparently.

[JK Law @khingy]

@JamesSanto18 @TMFScottP Eligible for discount until 30 June 2027 and then indexation from 1 July 2027. The reference to "pre-1985" was to pre-CGT assets which until this change were generally CGT exempt.

[JK Law @khingy]

@hyde_shannon @TMFScottP Not necessarily true with the small business CGT concessions, but of course we'll have to wait for legislation to see how the budget changes will interact with the concessions.

[JK Law @khingy]

@Cracked_Canoe Budget papers say "genuinely add to housing supply".

[JK Law @khingy]

@DrCameronMurray @AvidCommentator Indeed!

[JK Law @khingy]

@TMFScottP 30% minimum in the budget papers (in practice will apply to those on low taxable income in the realisation year). Stated policy is to be closer to a worker's tax rate and preventing temporal shifting for a tax benefit.

[JK Law @khingy]

Garuda Indonesia GA712 from Malaysia Airlines MH123 both enroute to SYD

[JK Law @khingy]

@cryptomanran They aren't competing for the same thing. The high capital costs of AI datacentres means that they pay for reliable 24/7 electricity and will be the highest bidder. Bitcoin miners remain the lowest bidders and the mining difficulty will adjust.

[JK Law @khingy]

@kit_sats $69,420

[JK Law @khingy]

@taipan168 Threshold should be set at a multiple of the median so that we don't need new legislation to keep up with price growth.

[Secretary Chris Wright @SecretaryWright]

If you get energy wrong, almost nothing else matters.

Years ago, Europeans were not paying dramatically more for their energy than Americans.

But by making energy more expensive and unreliable, it's led to a deindustrialization.

https://t.co/dPDspN0YCq

[JK Law @khingy]

@rhysdiab On an ongoing basis yes, but when the shareholder of the company pays themselves the gain by way of dividends then the individuals are taxed at the individual rate. There may be a timing benefit (ie the ability to spread out the gains taxed at 47%).

[JK Law @khingy]

@StreetNewsAU @DavidPocock Who do you think investors will sell to? If an investor sells to an owner occupier then the supply and demand balance stays the same. If an investor sells to another investor the supply and demand stays the same too.

[JK Law @khingy]

@AussieMatt34 @DavidPocock @ACOSS How much should private investors reimburse the taxpayers for all of the financial support provided in the past?

[JK Law @khingy]

@DrCameronMurray Perhaps where the disagreements on the moral differences primarily is that georgists view land as belonging to the commons hence extracting value from land is rent rather than profits, and secondarily from the effects above.

[JK Law @khingy]

@DrCameronMurray I should perhaps add that I think the current split between returns to capital and returns to labour unfairly favours capital and does require societal attention.

[JK Law @khingy]

@DrCameronMurray But the value of their labour is compensated by their wages (at least in a well functioning labour market). Capital markets allow for pricing and access to capital to make the labour more productive creating greater value and dividends are a share of that.

[JK Law @khingy]

@DrCameronMurray @AnonymousFrypan The "full expected present value" would be impossible to determine. But if possible (ie including any value increase due to public works for example) then there wouldn't be unearned income.

[JK Law @khingy]

@iwearahoodie @DrCameronMurray You don't make money from interest as a saver. You sometimes get a tiny compensation against what you lose from inflation.