Leon Chiera

Investment Advisor | Director | Franklin Advisory | Essendon FC |Juventus | Dad

[Geoff Wilson @GeoffWilsonWAM]

Economic vandalism. This ignorant @ausgov CGT changes destroy aspiration for everyday Aussies. Scrapping the 50% discount for a punitive 30%+ tax? @AlboMP ’s broken promises expose the @AustralianLabor sheer stupidity. Crushing young investors, retirees and entrepreneurs chasing the dream. This must be stopped. Today’s @AuSenate submission 👇
@aclennell @peterstefanovic @Kieran_Gilbert @RitaPanahi @mcranston1 @PhillipCoorey https://t.co/VI0IbsV29H

[*Walter Bloomberg @DeItaone]

U.S. MAY NONFARM PAYROLLS +172,000 (CONSENSUS +85,000)

[Geoff Wilson @GeoffWilsonWAM]

The new tax on Capital Gains is a disaster for all Australians companies and is extremely negative for productivity. This must be stopped.

[Geoff Wilson @GeoffWilsonWAM]

“Scare campaign full of lies” says the guy (@JEChalmers) getting absolutely grilled for lying about inheritance taxes, small business treatment, and now backpedaling on house prices like a kid caught with his hand in the cookie jar.
@JEChalmers owning nothing and coping hard. The public isn’t buying your spin and gaslighting anymore. The bad CGT must be stopped

[Caroline Di Russo @CaroDiRusso]

‘I may be parochial, but Western Australia is that seemingly mythical place where a penny dreadful can turn into an FMG, a Mineral Resources or a Liontown.

And Western Australians love nothing more than having a yarn about their ten-baggers even though they are few and far between.

We love a punt and we love a mining fairytale story. Whether it’s iron ore, lithium or gold, it doesn’t really matter.

It is seeing something made out of nothing and being along for the ride, which captivates those of us in the west.’

Me for @SkyNewsAust #auspol

[Geoff Wilson @GeoffWilsonWAM]

Please sign and stop this insanity

[Wilson Asset Management @WilsonAssetMgmt]

Please stand with us against changes to CGT. These changes go beyond property, impacting shares, businesses, family farms and retirement savings.

Higher taxes on risk-taking mean less investment, fewer businesses and slower growth.

Sign the petition: https://t.co/oem7arvvmH

[Crispin Rovere @crispinrovere]

WATCH: @Channel7's Mark Riley *obliterates* Treasurer Jim Chalmers with the best question I've ever seen. 👇

[christopher joye @cjoye]

The chart below shows the effective capital gains tax rate facing a business owner who invests $250,000 upfront, holds for 10 years, and then exits at different valuations. The result is striking: under Labor’s proposed CGT changes, Australian founders and investors would face an effective tax rate of up to 46% — roughly double the burden faced in most comparable markets, including the US, UK, Canada, Germany, Japan and New Zealand. And this is not just a founder problem. The same logic applies across all small, medium and large businesses, and any asset, including listed equities, property, private equity, venture capital and crypto. If these changes proceed, Australia will become one of the least attractive places in the developed world to build, invest, take risk and realise gains. The one major asset still sitting outside this tax net is the owner-occupied home, which remains CGT-exempt. That creates a powerful distortion. If investment properties, businesses, shares, commercial property and other assets are hit with materially higher effective CGT rates, capital will rationally look for shelter in the family home. The likely result: less capital for startups and productive enterprise, lower productivity, more pressure on rents as investors retreat from housing, higher inflation and interest rates, weaker demand for risk assets, and even more money being recycled into owner-occupied property — the last great tax haven in Australia. In short: this is not just a profound increase in the tax burden, with zero consultation in the name of giving imprudent politicians more money to waste. It is a major repricing of risk-taking in Australia. It is not reform: it is highly regressive, as it seeks to punish entrepreneurial success, which is the key driver of long-term jobs, incomes, growth and prosperity. It does not boost productivity: it destroys it by actively discouraging innovation and business creation. It will not lower the cost of living: it will lift it by boosting rents and making us much more inefficient. It will not reduce interest rates: alongside rampant and reckless government spending and record migration, it will pressure the RBA to raise our mortgage repayments. What is perhaps most shocking is that only 12 months ago this government was elected on the basis promising to never make these changes...

[Geoff Wilson @GeoffWilsonWAM]

Next weeks leaked budget changes to CGT on shares, businesses, farms and crypto will double the tax on long-term investment success.
At a time when young Australians are already locked out of housing and relying on investing to get ahead, will these changes crush aspiration, entrepreneurship and long-term wealth creation?
#TaxRaid #AussieDreamKiller

[Ryan Dally @Ryandally08]

First Jim Chalmers blamed Scott Morrison for inflation, then he blamed us for inflation.

Now, he’s blaming the Middle East for inflation.

Jim, has it ever occurred to you that maybe you’re to blame to inflation?

16 rate rises since you took office.

[Geoff Wilson @GeoffWilsonWAM]

Can you believe these people?

[Geoff Wilson @GeoffWilsonWAM]

The @ausgov @JEChalmers @AlboMP are destroying everything young Australians aspiration with their new capital gains tax in the budget. Young Aussie invests $10k @15% pa for 50yrs =$10.84M.
3% inflation, indexed cost base =$44k. Real gain $10.79M.
Current CGT (50% discount)=$2.63M tax
Proposed 48.5% on indexed gain=$5.23M tax
@ausgov wants to DOUBLE the tax on long-term success.
Punitive raid on aspirational Australians. #AussieTaxGrab

[Leon Chiera @lchiera]

@Matt_Camenzuli Defamation.

[Bloomberg @business]

Morgan Stanley capped redemptions from one of its private credit funds, returning less than half of the capital that investors sought to cash out https://t.co/wUkhyQW7U8

[Leon Chiera @lchiera]

@Adam_Creighton Level of Government Debt

[SweetMarie @Oceanbreeze473]

BREAKING: 🇮🇹 Italian Prime Minister, Giorgia Meloni:

"You raise your voice to defend your people and they call you racist. You want your children to grow up in a safe neighborhood and they call you xenophobic. We want the laws of your country to be written by Italians, not by a bureaucrat in Brussels. We want to be masters of our own home. It is not hatred to demand that those who enter Italy do so by asking permission, respecting our cross, our language, and our laws."

[Amit @HeyAmit_]

Instead of watching a 2-hour movie, watch this masterclass on wealth creation.

[il Donaldo Trumpo @PapiTrumpo]

KABOOOOOOOM!!!💥🔥🔥🔥

[Michael A. Arouet @MichaelAArouet]

Venezuela used to be much wealthier than Poland, which was suffering under socialism. Then Poland implemented free-market and capitalist principles and enjoyed an economic boom.

Venezuela chose socialism, which brought poverty and misery to its people.

That’s the difference.