MattyLoh

[Arrow Investor @ArrowInvestor]

In the last year or so Labor has

-Raised the tax on larger Super balances
-Tried to tax unrealised Super gains
-Albo called Super a national asset

But according to them the opposition are the threat to your superannuation 🤔

[Tyler Green @GreenTyler27]

Why One Nation is absolutely NOT far right;

And the distinction matters a lot.

1. Immigration

An actual far-right position would be immigration or citizenship determined by race or ethnicity, or denying equal citizenship to Australians because of their ancestry. One Nation’s stated policy is to cap immigration at 130,000 visas per year, enforce immigration law and reduce population growth because of pressure on housing, wages and infrastructure. That’s certainly a restrictive immigration policy but arguing that immigration should match a country’s capacity to house and service additional people is not, by itself, “far-right”.

2. Energy and net zero

An actual far-right position concerns authoritarian or ethnonationalist government. Rejecting a particular climate or energy policy doesn’t suddenly put someone into that category. One Nation openly wants to scrap net zero, pursue cheaper and reliable energy and allow technologies including nuclear power. You can agree or disagree with that enormously. But opposition to net zero is an argument about energy, economics and climate policy and not a definition of far-right politics.

3. Government spending

An actual far-right economic system can involve powerful, highly interventionist and authoritarian government. One Nation instead argues for smaller government, lower government waste and debt and reform of expensive government programs. That includes criticism of rapidly growing NDIS expenditure, opposition to the Voice and opposition to spending associated with net-zero policies.

Again, people are completely entitled to disagree with those priorities. But fiscal restraint isn’t “far-right” either. So call Pauline conservative. Call her nationalist. Call her populist. Call her policies too restrictive if that’s your view but if lower immigration, cheaper reliable energy and restrained government spending automatically constitute “far-right politics”, we’ve stretched the expression so far that it tells Australians nothing.

[Marko Matvikov @MarkoMatvikov]

The Labor conference was a massive echo chamber.

Aspiration?

Any reasonable interpretation of this would be low cost of living combined with high economic opportunity to build a better life through self determination.

Instead, we’ve got record high taxes, record high business insolvencies, record high homelessness, growing wealth disparity and declining living standards.

It’s clear the electorate doesn’t see Labor as aspirational - that’s exactly why Labor keeps insisting it is.

But saying it doesn’t make it so - the truth is the opposite, just like most things this government says compared to what they do.

[Pauline Hanson 🇦🇺 @PaulineHansonOz]

Here's the speech I delivered to the sellout Seven West Leadership Matters event:

Thank you to Seven West for having me, and for putting this to air. I’m told a few people in Canberra will be watching. It won’t hurt them to hear what Western Australians have to say.

Before I go any further, I want to welcome my colleague and your One Nation senator for Western Australia, Tyron Whitten.

You might have heard I’ve been in Britain. The media got very excited about who I sat down with over there.

They show interest in how full a room is. And the room this morning is full. Even at 7am in the morning.

So let me tell you straight. I sat down with a lot of people. Some I agree with. Some I don’t. But Australians are sick of politicians who only ever talk to people who already agree with them.

I went to Britain to see up close what happens when a government gets things wrong. Immigration. Spending. Energy. I saw it. I saw what it’s done to the British people.

Australia must learn from other countries, not repeat their mistakes. Now, before I start, I want to ask you something.

This room is full of people who run businesses. Small ones, big ones. Some of the biggest in the country.

I’d like everyone to stand up. I’m not trying to put anyone on the spot. Stay standing if your business, or the business you work for, is doing as well as it could. If not, take a seat.

That is what I hear right across Australia. And it’s the same everywhere. Not enough people still standing.

Businesses aren’t doing well. Their workers aren’t doing well. Their customers aren’t doing well.

Everyone is going backwards together. In the richest state, in one of the richest countries on earth. Remember why you sat down — or why you’re still standing.

Because I’m going to ask you about it before I finish. Everyone in this country knows I ran a takeaway shop. It’s the one thing about me nobody ever forgets.

But here’s what most of you won’t know. I didn’t just run one. I grew up in one.

My mum and dad ran a café/takeaway shop. Seven kids. I was number five.

And in our house, you didn’t get anything for nothing. You worked.

I took the orders. I served at the counter. I wrapped the food. I cleaned up at closing.

When I was old enough, Dad sat me down with the books. We wrote up the day’s takings and the day’s costs. Every dollar in, every dollar out.

We weren’t rich. We weren’t connected. Nobody in our house ever believed the world owed us a living.

We were an ordinary Australian family. We worked for everything we had. I left school at fifteen and I’ve worked ever since.

I set up a plumbing business with my husband. We employed apprentices. We worked hard.

Sometime later, as a single parent, I did what Mum and Dad did. I opened my very own takeaway shop. So I don’t just talk about small business. I’ve lived it.

I know what it’s like when the rent’s due and the takings are short. I know what it’s like when the power bill goes up and you can’t put up prices because your customers are doing it tougher than you are.

When you run a small business, it’s never just you on the line. Your family depends on that shop. Your staff depend on it.

Their families depend on it. You carry all of them, every single day.

But I’ll tell you what I loved most. The customers.

When you serve people across a counter, you connect with them. You hear what they’re worried about. Their mortgage. Their kids. Whether their job will still be there next year.

You can’t help but listen. I still get emails from people who remember me giving them a free Mars Bar when they were kids.

That shop counter taught me more about this country than Canberra ever will.

Now look around this room. Western Australia is full of people with the same story.

Somebody started with a ute and an ABN. A counter and a coffee machine.

Some of those businesses stayed small. Some grew into the companies that built this state.

But every one of them started the same way. An ordinary Australian put everything on the line and had a crack.

And big or small, they will all tell you the same thing. It has never been harder to get ahead in this country.

The biggest thing standing in their way is their own government. Most people in Canberra have never had to balance the books. Never had to make rent. Never had to make payroll.

And it shows in every law they write.

Everywhere I go in this country, people tell me the same things. People tell me they’re working harder for less.

They tell me the power bill and the insurance bill go up every quarter. They tell me they didn’t start a business to fill in forms for Canberra. But that’s how they spend their nights.

And they tell me they can’t find staff. And their staff cannot find anywhere to live.

Ordinary Australians tell me something bigger. They tell me the government isn’t on their side.

They tell me their wages don’t stretch like they used to. That their pay might go up, but they can afford even less. They’re right.

Real wages in this country have gone backwards 5.1 per cent since March 2021. That’s the OECD’s figure, not mine.

Out of thirty-seven countries, Australia is near the bottom of the pack. The Labor government blames the world. But the world is doing better than us.

They tell me this country has lost the values that once defined it. And they tell me Australia should be able to produce its own essentials and stand on its own two feet, not reliant on other countries.

That’s Australia talking. And Canberra isn’t listening.

Now let me talk about this state. Western Australia helps to pay this nation’s bills. Your royalties fund the services here. Your taxes fund them everywhere else.

Western Australia is home to roughly one in nine Australians, but generates one in six dollars of national economic output.

Western Australia generates almost one in five dollars of national business investment. It generates almost half of the country’s exported goods.

But your businesses are being held back by this government.

A major project in this state has to wait too long for approval. Up to nine years for resources projects. A housing estate can wait four.

That delay means fewer jobs for Western Australians. Homes that never get built.

When an Australian company like BHP sees some of its biggest future growth opportunities in Argentina rather than here at home, something is wrong.

And when it’s too slow to build houses, here’s what that does. Perth’s rental vacancy rate is 0.6 per cent. It’s the tightest capital city in the country after Darwin.

Families with nowhere to live, in the richest state in the nation.

And let me tell you why there’s nowhere to live. It’s not a mystery.

Last year, this country’s population grew by more than 400,000 people. In the same year, we finished about 173,000 homes.

Nearly two and a half people for every new home. And it’s not slowing down.

In just four years, this government will have added almost 1.6 million people through net overseas migration. Nearly one million arrived in 2022 and 2023 alone.

Nobody asked you about any of this.

Nobody asked the young couple lining up at a rental inspection with fifty other people.

Nobody asked the apprentice still in his mum’s spare room at twenty-five.

And nobody asked the businesses in this room who can’t find a roof to put over the heads of their workers.

This government is running the biggest migration program in our history, and building nowhere near the homes to match it.

Then it acts surprised when your kids can’t afford a house, and services are overwhelmed. That’s not compassion. That’s negligence.

This is about how many people come. What skills they have. How fast they come. And whether the houses exist first.

Canberra never did that sum. You’re living with the result.

And here’s the simple truth. Businesses need workers. Workers need homes. And Western Australia needs both.

This state has the projects and the jobs. What it needs is the skills.

So what did Canberra do? It cut apprenticeships and traineeships. We’ve stopped training our own.

And the skilled migration program is a farce. Less than half of those visas go to an actual skilled worker.

Across the whole migration program, actual skilled workers make up just one in three.

So businesses can’t find workers. Workers can’t find homes. And the Labor government that caused the problem blames everyone else.

And I want to say something about farmers — the people who feed this state. Because they cop it from this government too.

Canberra banned the live sheep trade. An industry this state built.

The farmers said don’t do it. The transporters said don’t do it. The state government said don’t do it.

Canberra did it anyway. To appease animal activists and inner-city voters three thousand kilometres away, not the Western Australians whose livelihoods depended on the trade.

That’s what it looks like when a government stops listening.

On energy, business owners tell me the same thing everywhere I go.

The power bill used to be a small cost. Now it’s one of the biggest.

And that cost doesn’t stop there. It goes into the price of bread. The price of a haircut. The price of everything on the shelf.

That’s what inflation is. Costs passed down the line until they land on a family at the checkout.

Australia used to have some of the cheapest power in the world. That wasn’t luck. It’s why we had smelters and refineries and factories.

It’s why a bakery could run the ovens from four in the morning and still make money.

So what changed?

Governments forgot their job. And their job is simple. Power you can afford, that’s available when you need it.

That’s the whole job.

They gave that job away, one climate promise at a time.

And every promise was sold the same way. This one will bring your bill down.

Instead came the subsidies. The schemes. The power lines running billions over budget.

Someone pays for all of that. That someone is you.

And this is not one party’s doing. Labor legislated net zero. But the Liberals signed the global deals and brought in the renewable target.

None of them will say the obvious thing.

You cannot have cheap power and net zero at the same time. You have to choose.

They chose. And they chose against you.

A country that can’t give its own businesses affordable and reliable power isn’t serious about having an economy.

And now the same government has gone after family trusts.

Farming families right across this country use trusts to pass the farm to their kids.

And it’s not just farmers. Treasury’s own figures say about 350,000 small businesses run through family trusts.

The tradie with an ABN. The family that owns the IGA. The cafe. The trucking company.

These people are not tax dodgers. They’re the people who risked everything to start a business.

They’re already battling the mess this Labor government has made of our economy. Now they’re scrambling to redo their plans, because the government changed the rules.

They said at the last election they wouldn’t. They lied.

And they won’t stop there. This government wants to tax everything it can get its hands on.

That’s not reform. That’s a government that has never run anything, taxing the people who run everything.

And remember who pays in the end. It’s never just the owner.

Small and medium businesses employ two out of three private sector workers in this country.

When Canberra makes a business harder to run, it affects their workers, their suppliers and their customers.

Every family that lives off a small business pay packet is standing behind that counter too.

I’ve stood on both sides of that shop counter. This government has stood on neither.

All these changes show up in one number this room understands. Investment.

The job of a government is not complicated. Make your country a place worth investing in.

Investment goes where it’s welcome. It stays away where the rules keep changing.

Business investment in Australia is nearly as low as it was in the recession of the early nineties.

And nobody in this room is surprised. Nine years for an approval. A new tax rewritten five weeks after it was announced. Different rules every budget. The threat of more taxes.

I told you BHP is looking to Argentina over Australia. They���re not alone.

The world’s big miners and energy companies are spending tens of billions in countries other than here.

If we can’t get people to invest here, the money goes somewhere else. And the jobs go with it.

Now, the bigger picture, and I’ll say it straight.

We used to be a country that made things. Cars. Steel. Medicines. Fuel.

Through neglect, Canberra let it all go. We have become dependent on other countries for the essentials that keep this nation moving.

This year, the Middle East blew up. And Australia found out the truth.

We hold just a few weeks of fuel. And barely any fertiliser.

The Prime Minister was on the phone begging our neighbours for help. That should never happen to a country like ours.

We have the resources. We have the workers. We have the know-how.

What we don’t have is a government that believes in this country.

What’s holding you back?

In my Budget Reply in May, I made a promise. One Nation will never pretend we know how to run your lives better than you do.

I meant it. So I’m not here this morning to announce policies.

I’m here to do the opposite of what politicians do.

Canberra stopped listening to ordinary Australians. One Nation has not.

Between now and Christmas, my team and I will be travelling this country.

Pubs, businesses, kitchen tables, rooms like this one. Maybe even a few fish and chip shops!

And we will be asking one question. What’s holding you back?

You. Your business. Your family. Our country.

After that, we will take these answers and One Nation will put forward its full plan of policies for the next election.

Built on what Australians actually told us.

It starts this morning, in this room. When I finish up here, come and find me.

Think of my question at the beginning of my speech, and tell me what’s holding you back. Bring me your problems and bring me your ideas.

Because here’s what I believe. This country isn’t broken. It’s being held back.

We can be a nation that makes things, builds things, and rewards the people who take a risk.

We can hand our kids a better deal than we got, instead of the other way around.

That’s what’s happening now, for the first time in our history.

The country is heading in the wrong direction.

This Labor government is making us poorer, weaker and less safe. It’s time to fix that.

Now it’s your turn to talk. What’s holding you back? Thank you.

[B.W.Jackson @BWJacksonX]

My latest piece in Spectator Australia.

The Albanese government relies on population growth - not productivity growth - to drive economic growth.

Indexing real per capita GDP data to the start of each government shows that just how poorly this government has performed.

[Aussie Battler @JediLewy]

This is the government we have, see this ladies and gents, 100 billion to Fiji, 56 million to the Solomons, and now 500Million to India, all in the space of a few days!

But keep reading, it gets better!

Here's a rundown of how much money he's given to the Philippines since 2022.

The primary investments and funding packages include:

- $104.6 million estimated for the 2026–27 Official Development Assistance (ODA) budget, up from $94.4 million in 2025–26.

- $64.5 million over five years allocated directly to peacebuilding, community development, and reducing violent conflict in Mindanao.

- $45 million granted under the "Progress" initiative to drive inclusive economic growth, reduce poverty, and help small businesses.

- $20 million invested to reform and improve access to the Philippine justice system.

- $5 million in immediate humanitarian disaster relief funding following devastating tropical cyclones.

BUT WAIT, HERES WHAT HES SPENT ON INDIA!;

Dot-point summary of recent Australian government funding/support to India under Albanese/Labor (as of 2026):

- $25.3 million (2026-27 Budget) - To boost Australian business engagement with India’s economy, including trade links and maritime security in the Indian Ocean.

- $10 million - For the Centre for Australia-India Relations' Maitri grants (people-to-people, business, and cultural links).

- $16 million - Australia-India Trade and Investment Accelerator Fund to help Australian companies enter the Indian market.

- $4 million extra - For the Maitri Grants program.

- ~$246–258 million taxpayer-backed loan guarantee to an Indian government-owned corporation for renewable energy projects in India.

$500 Million AustralianSuper Capital: Independent of the federal budget, Australia's largest superannuation fund AustralianSuper announced an additional $500 million investment directly into India’s National Investment and Infrastructure Fund.

This is before we even get into the Uranium Export Deal: Albo and Modi finalized a milestone agreement to open billions of dollars worth of Australian uranium exports to power India's civil nuclear energy sector

He's happy to send our uraniam off shore to power someone elses nuclear power plants, but he is forcing us down the renewables path which is custing us millions more in bills a year - proping up his mining industry mates and power company buddies!

HYPOCRITE & TRAITOR!

Now - try not to get angry, unless its too late.

BUT WAIT - Theres MORE!!

Only a few days ago: Albo traveled to Fiji and the Solomon Islands on a three-day Pacific diplomatic tour.

During this trip, he committed a combined $1 billion (AUD) toward a milestone partnership with Fiji alongside a 56 million Solomon dollar (SBD) development package for the Solomon Islands.

Meanwhile - In Australia.

Meanwhile in Australia:

- Record numbers of Aussies sleeping in cars and tents.
- Nowhere near Labor’s housing targets.
- Cost of everything rising faster than wages.
- Bracket creep hammering workers.
- Over 60% of families skipping meals because they can't afford basic food.
- Defence budget excuses while China fires missiles in our backyard.
- No 90-day fuel reserve because “it costs too much.”
- Public hospitals ramping, not enough beds, staff underpaid.
- Manufacturing industry basically extinct.

= The list just goes on and on about where else YOUR MONEY should be spent.

Don't you just love how this government pisses YOUR MONEY up the wall while spending next to ZERO on fixing the problems of this country. They seem to think they have money left over when our own problems aren't even fixed yet!

The government seems to think your taxes and your super belong to them, not you! Your taxes are still your money, paid to the government to aid in them governing in YOUR AND AUSTRALIA’S BEST INTERESTS, not to piss up the wall on every other country but our own!

He's introduced MORE TAXES, just so he can give away MORE OF YOUR MONEY!

WAKE THE BLOODY HELL UP AUSTRALIA! 🧡🇦🇺

[Pauline Hanson 🇦🇺 @PaulineHansonOz]

Tasmania’s largest farm has been sold to a foreign corporation who will destroy it for “carbon credits”.

The sale was approved by Labor Treasurer Jim Chalmers today, Wednesday 8 July.

The loss of 22,000ha of productive, irrigated farmland currently supporting dairy, beef and previously sheep is a hammer blow to Tasmanian and Australian food security.

Treasurer Jim Chalmers said he believed the sale was “not contrary to the national interest”.

As if it isn’t bad enough it’s being sold to a foreign corporation, it won’t even continue on as a farming operation.

Chalmers and this Labor government have allowed their obsession with net-zero to put Australia’s food security at risk.

Our ability to feed ourselves is clearly in the national interest. Destroying productive farmland for scam “carbon credits” is an act of national self harm.

In the middle of a cost of living crisis, how much will this decision put up the price of cheese and milk? How much more expensive will steak or mince be when Australia stops producing it ourselves?

One Nation’s plan for cheaper groceries and national food security is clear. Ditch net-zero which is destroying productive farmland. Ban foreign ownership of farmland (and housing). Get Australian farmers back to farming and putting affordable groceries on the shelf.

One Nation has always opposed foreign ownership of farm land while Labor’s war against Australia’s world-leading agriculture sector continues. Australia is already a net importer of fresh food, seafood and dairy and this is only going to make matters worse.

Australia must be self-reliant and able to feed ourselves. Jim Chalmers and Anthony Albanese think we can eat solar panels and carbon credits.

This decision is a national disgrace.

[Craig Kelly:🇦🇺Foundation for Economic Education @craigkellyAFEE]

Albanese is lying. Again.

The facts are:

🔴These 30 electric trucks are being bought with a $20 million taxpayer gift straight to Labor’s billionaire mate and major donor, Lindsay Fox of Linfox.

🔴These are not “secure jobs” — they are fake, taxpayer-dependent jobs that only exist because of government handouts.

🔴This is not job creation — it’s job destruction. The $20 million ripped from taxpayers and handed to Linfox kills jobs and investment in other industries. The net result is fewer jobs, a weaker economy, and less wealth for Australians.

🔴Only 10 of the 30 trucks taxpayers are buying for Linfox are even assembled in Australia. The rest are fully imported, meaning the majority of the $20 million taxpayer gift is being shipped straight overseas.

🔴The “Made in Australia” claim is a joke. The battery, motor, and major components are all imported. It’s nothing more than final assembly here. This is creative accounting at best — straight-up deception at worst. The ACCC should be investigating this misleading claim immediately.

🔴These electric trucks are completely economically unviable. Subsidising losers with taxpayer money just to funnel millions to your big donors is a proven recipe for national decline. It doesn’t build wealth — it destroys it.

🔴If Albanese genuinely believes crony capitalism, corporate welfare, and donor kickbacks are the way to “strengthen” Australia, it’s no wonder living standards are collapsing under his watch.

Australia deserves far better than a dishonest Prime Minister who repeatedly lies to the public while the country slides backwards. Enough is enough.

[Aus Integrity @QBCCIntegrity]

All of the wonderful things Labor are doing for young and new homeowners?

5% deposit (in a deflating market)

Ending Negative Gearing (pushing rent up)

Ending 50% discount on Capital Gains Tax (more than just houses)

Not one measure will build wealth

They rug pulled our youth

[Richard Davies @Richard01357064]

🚨 STOP INSULTING AUSTRALIANS WITH THESE TOKEN TAX CUTS! 🚨

How many times is Anthony Albanese going to repeat this tired line?

"We're putting more money back in your pocket."

No, Prime Minister.

You're taking more out than you're putting back.

While Labor boasts about a token tax cut:

📈 Income tax collections keep hitting record highs.
📈 Bracket creep quietly pushes Australians into higher tax brackets.
📈 Government spending keeps exploding.
📈 Government debt keeps climbing.
📈 Bureaucracy keeps growing.
Labor gives you a few dollars with one hand...
...then quietly takes hundreds or thousands more through bracket creep, inflation and an ever-growing tax burden.
That's not tax relief.
That's political theatre.

Australians are not fooled by a government returning a few cents while pocketing dollars.

And where does all the extra tax revenue go?

❌ More bureaucracy.
❌ More waste.
❌ More subsidies.
❌ More government.
❌ Less productivity.
❌ Lower living standards.

This isn't "putting money back in your pocket."

It's the government congratulating itself for returning a tiny fraction of what it has already taken.

Australians deserve:

✂️ Genuine tax cuts.
📉 Full indexation of tax thresholds to end bracket creep.
💰 Smaller government.
📈 Lower spending.
🚀 A growing economy where prosperity is created—not redistributed after politicians have taken their share.
You don't "give" Australians their own money back.
It was never yours to begin with.
#auspol #TaxCuts #BracketCreep #CostOfLiving #LowerTaxes #SmallerGovernment #EconomicFreedom #Productivity #LPQ

[Richard Davies @Richard01357064]

This argument confuses equal tax treatment with fair tax treatment.

A capital gain is fundamentally different from ordinary income.

Here's why.

🏦 Capital is already taxed before it is invested. Most investment starts with income that has already been subject to income tax. Taxing the full nominal gain again without accounting for inflation creates double taxation.

📈 Capital gains often include inflation. If inflation is 20% over several years and an asset rises 20%, the investor has made no real gain—yet is still taxed as though they became wealthier.

⚠️ Risk isn't a slogan—it's economic reality. Employees receive wages regardless of whether the business ultimately succeeds. Investors can lose their entire investment. Most start-ups fail, many property developments lose money, and countless share investments never recover their original cost.

🚀 Capital creates productivity. Investment funds new factories, housing, technology, machinery and businesses. Without capital formation, there are fewer jobs, lower wages and slower productivity growth.

🏠 Taxing capital harder means less housing. Higher taxes reduce the incentive to finance new housing developments, shrinking future supply and putting upward pressure on rents and prices.

The claim also talks about "fairness."

Real fairness has several dimensions:

⚖️ Equal rights before the law.
💪 Reward for effort and contribution.
🎯 Reward for taking risks and creating value.
🛒 Equal freedom to decide how you consume, save and invest your own earnings.
It is not fair that someone who postpones consumption, saves for years and risks their capital should be taxed more heavily than someone who spends every dollar immediately.
Nor is it fair to tax inflation as though it were genuine income.
Finally, there is a bigger question.

Australia doesn't have a shortage of tax revenue.

It has a government spending problem.

Before asking investors, workers and businesses to pay more, governments should first explain why they need such a large share of national income in the first place.

Prosperity is created by encouraging investment, entrepreneurship and productivity—not by treating capital as a limitless source of revenue.

Tax policy should reward the creation of wealth before debating how to redistribute it.

[Robin Dods : Fenton Capital @toy59496]

Minister for No Housing celebrates Idiocy on CGT

https://t.co/kTNBCUPbrz

So this waste of carbon is celebrating changes that are going to make it even more difficult to build and own additional housing.

How do I know? Because I do it.

I have a 70 unit complex ready to go. I'm not doing it because the red tape is too much having to go through the court system to get around an incompetent council, then there's the building costs which are sky high, then there is the financing costs which are increasing asymptotically with inflation because our government can't stop the social spend, so the only answer is to wait until property prices increase to the point where it becomes viable.

So what does the cabinet of Albozo in the government do?

It kills the investment market so that property prices drop, so the margin between build cost and sale price becomes even more negative. And look don't trust me read the government's own report from 2024, and I can tell you that it is much worse now, much much worse...

https://t.co/Wz3bSBWoxi

It's beautiful own goal. And yet you laugh MP for Idiocy, laugh at your stupendous stupidity...

The only people that may possibly win are the internationals or the industry super funds who can borrow without penalty and do not have the same pernicious capital gain tax, and can import a lot of prefab so they don't need to pay confiscatory rates to union associated building, who sit around having coffee.

So, yes, the only people not screwed are foreigners who pay no capital gains tax at all and can leverage up as much as they want, and Labor's buddies at the industry super funds (not pointing elbows at you Wayne Swan at CBUS).

Now I think for some people it will be wonderful that prices will come down, and for a small window they will be able to buy a property more cheaply than they have previously. But then what? Productivity is not growing, it's negative, quality of living is negative, investors are either leaving or avoiding investing locally, the value of your home is simply a marker of the strength of the economy.

And because of the government's inability to stop spending other people's money, your mortgage will increase as inflation will increase, and we already see core inflation going upwards, which means your interest payments will increase as well, which will cause you duress. So you're screwed. Screwed paying increasing interest on a mortgage for a descending in value asset with a mortgage that unlike the US has an all money clause so they can bankrupt you and take the bicycle away from your kids.

If you are renting you should expect a significant rental increase. Why? Because landlords are not in the business of subsidising your living despite the best attempts of the government for them to do so with high barriers to evict someone and minimal ability to regularly increase rent. The grim reality is that you were being subsidised by the government in your rental property because negative gearing allowed a 3% yield on rent to be sufficient. Not any more....

The negative gearing subsidy is now gone and I would expect your rent will go up at least 25% over the next year. Maybe more because people will want income now to average over there investment years rather than the confiscatory tax that will have to pay on the whole profit on just one year when they sell. So you're screwed. In fact you are seriously seriously screwed.

And then of course those of you that don't have enough to get a deposit can no longer put it in a personal name and invest on small capitalisation stocks because the effective tax rate on that can be 70% plus due to their volatility which has been explained many times in many posts including by myself. So you're screwed as well.

These guys wouldn't know a decent economic principle of it hit them in the face.

Meanwhile Clare, Minister for not building houses, you keep on laughing, laugh, laugh until we throw you out in 2 years...

[Matt Davey @MatttDavey]

The establishment keeps telling us that One Nation is backed by billionaires, but the AEC receipts data tells a very different story.

Before believing lies and manipulative narratives designed to influence your vote, look at the data.

Source: Australian Electoral Commission (AEC) Detailed Receipts Data 2024–25

Data: https://t.co/zkB9G3M2Up

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 @DrewPavlou]

Australia doesn't have an open primary system like the US so instead the major parties find new candidates through university student politics. This system is the worst of all worlds, attracting utter psychopaths with zero charisma, intelligence or personality.

They all do battle with each other for years and collect screenshots on one another to the point that everybody becomes part of one single unaparty incestuous clique held together by threat of Mutual Assured Destruction.

All personality is drilled out of them by party head kickers who control the means of promotion by giving out or witholding party staffer jobs. These jobs are extremely well paid by university student standards - where I survived uni years earning about $15,000 - $20,000 a year tutoring high school kids for cash, these party hack staffers would sometimes earn six figures at the age of 18, 19, 20.

So kids will do anything for these jobs, meaning that the parties are able to set up a ponzi scheme type system where legions of kids barely out of their teens will do hundreds of hours of unpaid volunteer party hack work in the desperate hope that they might one day get a job. This is how the major parties manage to wield their legions of volunteers. In the vast majority of cases it is barely ideological but instead motivated by a desperate desire for patronage.

Getting one of these jobs is seen as the first hurdle to preselection for an eventual career in Parliament. So you get 18 year olds who get their first ever job earning six figures working for a major party. They suddenly have money to splash around (by the standards of university student life), they are arrogant, they all think they will be PM one day. There's countless cases of rape and sexual assault and abuse and bullying and everybody looks the other way.

Their personalities change, they become robots. They guard everything they say because they already have a future political career plotted out. This is how you get cases like Albanese who literally never worked outside the Labor party machine in his entire life. He got a Labor hack job while in university, worked as a party official through his twenties, then entered Parliament in 1996. He's now the second longest serving MP. His entire life prior to becoming PM was simply the Labor Party. He never once worked outside the machine.

There's no hinterland, there's no character, there's no independent thought. These people are often extremely dull. If you're a free thinker, if you're curious, if you say what's on your mind - you can't get a hack job, meaning you can never get preselection, meaning you never get to be an MP, meaning you never get to be PM. So it selects only for the worst and dullest among us.

I remember the president of the Labor Club at my university told my friend at the university bar that they didn't know what social democracy was.

I also personally know a guy who is now a powerbroker for the LNP who when asked to name his favourite ever work of political theory pointed to the UK Liberal Democrat policy pamphlet ''The Orange Book: Reclaiming Liberalism.''

We have one of the worst systems for selecting political representatives in the entire democratic world.

[Joel Jammal @JoelJammal]

🟠 FACT CHECK: Was the GetUp banner behind Pauline true? #OneNation

[Vfynn_🥷🏼 𐙚 @Vfynn_]

🚨🗣️New: Thierry Henry reacts to the USA vs Paraguay stoppage for TV commercials:

“I’ve spent my entire life in this beautiful game — as a player at the highest level, as a fan, and now as someone who analyses it every week — and what unfolded during that USA versus Paraguay match left me deeply frustrated. The fourth official standing there on the touchline, arm raised high, instructing the referee to hold the restart… not for any injury, not for tactical reasons, and not even primarily for player hydration in that scorching heat. No. It was because the broadcast team hadn’t finished airing all their commercials. That’s not football. That’s a television show pretending to be a World Cup match.

The beautiful game is being strangled by greed. Players are out there in the heat, ready to restart, momentum building like a storm about to break — and we pause everything so the sponsors can cash in. It’s like stopping a symphony mid-crescendo because the advertisers want their jingle heard. Football didn’t conquer the world by turning into American sports with endless timeouts and ad breaks. We had rhythm, flow, emotion that flowed like a river. Now? It’s dammed up for dollars.

This isn’t about hydration or player welfare anymore — it’s a slippery slope where the soul of the game is sold piece by piece. Fans deserve better. Players deserve better. The referee on that pitch looked like a puppet on strings controlled from some broadcast truck. Enough is enough. We need to protect what made this sport the greatest on Earth before it disappears completely.”

The World Cup should be football’s cathedral. Instead, we’re turning it into a shopping mall with a pitch in the middle.

And here’s the question nobody wants to answer: if the fourth official is waiting for commercials, then who is really running the game? FIFA? The referee? Or the broadcasters?

Because the moment football starts asking advertisers for permission before asking the players, you’ve crossed a line.

The World Cup is supposed to be the showcase of football. Not the showcase of who paid the most for airtime.”

[Bill Ackman @BillAckman]

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.

SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.

Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.

SpaceX will materially bring down the cost of compute, advancing AI and humanity.

Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.

The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.

Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.

Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.

Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.

Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.

We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.

[Robby Starbuck @robbystarbuck]

Today’s SpaceX IPO and the immediate attacks by leftists on @elonmusk should make one thing crystal clear to everyone watching:

Leftism is the enemy of humanity.

It’s an extinctionist movement that hates excellence and, when carried to its inevitable conclusion, would kill off our species.

Watch the ragtag socialist/commie crew of AOC, Bernie Sanders, Platner, Mamdani, Elizabeth Warren, etc. long enough and you’ll see it clearly. They resent excellence. They’re suspicious of ambition. They demonize our best builders and capital allocators.

If you’re somehow on the fence because you’ve been led to believe that it’s immoral for someone to have a trillion dollars, consider this: They create precisely nothing of value themselves. They’re the professional version of the worthless critic we all know in our own lives.

No innovations. No companies. No major breakthroughs. No employees, aside from staff we’re forced to fund with our tax dollars.

On the other hand, Elon has created over 150,000 high-paying jobs at his companies. That doesn’t count contractors, suppliers or their employees. When you add those in, you’re likely talking about millions of jobs affected by him.

He’s created tens of thousands of millionaires. His companies changed the car game forever, revolutionized internet access, gave us true free speech online again, helped the blind see, gave autonomy back to disabled people, changed the financial world and will make humanity a spacefaring civilization, which could ultimately save humanity if Earth faces an extinction-level event.

The question they want you asking is whether he has too much money. The question I want you asking is this: What kind of society do you want to live in?

One that celebrates excellence, advances humanity and makes the impossible possible? Or one laden with resentment, where we all need Daddy Government to provide the same shitty but equal standard of barely living for everyone, while choking innovation to death until there are no more rich people left to fund the welfare they promise?

Elon doesn’t use his wealth to shower himself in abundance. He invests it in advancing humanity. If we gave the same amount of money to the government, they wouldn’t accomplish half as much as he has. How do I know? Because we’ve already given them trillions for decades.

What did we get?

Bloated agencies.
Failed programs.
Generational fraud.
Wars.
Armies of consultants.
DEI.
Perpetual wokeness.

A society worth a damn celebrates its best capital allocators. Elon is the best in the business at turning dollars into more dollars by putting them to work in the right places and driving innovation. This uplifts humanity both now and later.

If you need someone to demonize as a way to make yourself feel better, then demonize the leftist politicians who do nothing but criticize the most productive, exceptional people in society. These people don’t want you to be successful.

They want you to be the cattle they herd. They want you dependent. They want you weak. They want your livelihood dependent on their hand filling your hand with scraps after they’ve robbed someone else’s.

The sooner everyone understands that, the better. Eventually, you’ll be the one they rob. Or they’ll simply run out of people to rob.

And worse, humanity will stop advancing. Eventually, we won’t even merely survive.

Why? Because a cataclysm on Earth isn’t a matter of if. It’s a matter of when.

We’re in an invisible race against time to push humanity into becoming a spacefaring civilization that can save itself before that day comes. Leftism would guarantee our deaths.

The only path for humanity to survive and thrive is to innovate and for us to celebrate and support the creators, builders and innovators who make that possible.

Anyone selling you the lie that those people are the enemy, IS YOUR ACTUAL MORTAL ENEMY.

That’s why leftism must be defeated and the woke mind virus must die.

I want humanity to survive. I hope you do too.

[tetsuo @tetsuoai]

History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.

Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.

And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.

You cannot legislate a rocket into orbit.