JOE

Investing for the future#My Tweets are my own opinions only not to be considered as financial advice.

[Dekka @DerekFranc90653]

I see the Parliamentary Budget Office is also calling out the bullshit modelling in the Federal Budget, as I have done with the world’s highest capital gains tax at 60 per cent tax rate. Good on them. Retweet

[Dekka @DerekFranc90653]

The below link: timeless classic podcast on how bad new Capital Gains tax is: builds on yesterday's OECD tweet in detail. All my new followers, please send podcast to all your mates, encourage them to watch and forward to their mates! Reverse the new CGT.
https://t.co/FPBWJXseMA

[Geoff Wilson @GeoffWilsonWAM]

“Barely coherent noise”?
That’s @AlboMP & @JEChalmers trying to justify Australia’s highest CGT rate in the world on shares and businesses while claiming it helps young people buy a home.
Absolute garbage.
It destroys investment, smashes aspiration and prices the next generation out of the dream.
This is economic sabotage.
Scrap it now.
#ScrapTheCGTHike

[Geoff Wilson @GeoffWilsonWAM]

Congratulations to @clairlemon and @DerekFranc90653 on highlighting another fundamental flaw in @AlboMP & @JEChalmers insane new CGT. Two Australians can make exactly the same profit and pay different tax simply because of how their gains are made. That’s not tax reform. It’s a tax joke or as Claire says a “dog’s breakfast”. It’s arbitrary, unfair and economically damaging. Australia deserves better.

[Geoff Wilson @GeoffWilsonWAM]

🚨 Spot on @David_McMahon
@AlboMP & @JEChalmers insane new CGT changes are a direct assault on every Australian who invests in productive businesses and shares.
99% of direct share investors will pay at least 60% more tax.
This isn’t “fairness”. It’s economic vandalism that punishes aspiration, kills capital formation, and drives mobile capital away.
Australians deserve better. We will fight this until we win the war. #StopTheCGT #ScrapTheCGTChanges

[Geoff Wilson @GeoffWilsonWAM]

🚨 Spot on, @chrisbrycki . @AlboMP & @JEChalmers new insane CGT changes are economic vandalism, punishing aspiration, long-term investment & the very risk-takers building Australia’s future. Destroying a “fair go”.
A tapered discount is a smarter middle ground. we must go further: grandfather existing assets, incentivise productive equity investment, and keep capital mobile.
This isn’t tax “reform”, it’s a war on wealth creation. Australians who build businesses and invest patiently deserve better.
Full article 👇

[Dekka @DerekFranc90653]

@Imresal After supporting the world’s worst CGT greens numbers should be in free fall. Watch this podcast to discover the horrors of what they’ve done.
https://t.co/EBPWTh10Ze

[Geoff Wilson @GeoffWilsonWAM]

The insane new CGT assault by @AlboMP & @JEChalmers is pure economic self-sabotage. A deliberate war on aspiration and ambition.
They’re punishing anyone building wealth through productive investment, not from handouts.
Yesterday wasn’t just sad. It was devastating. Australia’s entrepreneurs & future generations just got kneecapped.
We will fight this. Reverse it. And win. Join the fight
#FightCGT #AussieDreamKiller #AussieAspirations

[JOE @meledath123]

Never vote again @AustralianLabor ..taxing the hell out of mum and dads …understand changes to housing but what about other investments? Such a shame mining exploration and biotech investments are going to go down

[Pete Wargent @PeteWargent]

#fade #backlash

[JOE @meledath123]

@AustralianLabor please explain while grandfathering negative gearing you have killed the investment in businesses

[Geoff Wilson @GeoffWilsonWAM]

Killing the businesses that pay for the budget. @AlboMP and @JEChalmers ‘s insane new CGT must be stopped!
Spot on from David Alexander 👊Australia’s latest tax grabs on capital gains and trusts are the economic equivalent of slaughtering the goose that lays the golden eggs.
Fewer factories, less investment, lower wages, and a shrinking tax base. We’ve seen what competitive business tax settings delivered in Ireland and Singapore. Time to stop the complacency and make Australia a place where aspiration and enterprise thrive again. Stop the new CGT.

[Dekka @DerekFranc90653]

2: It was based on an incorrect Treasury model THAT ASSUMES you buy only 1 share that always beats inflation; a BS model that HE WON'T publicly release, 3: He has a minimum tax rate of 30%, so the average can't be 21%. We are not morons like you JIM. SO STOP LYING.

[Dekka @DerekFranc90653]

@flexibledragnet Terrible economics in etrsm of taxing labour and capital:

[JOE @meledath123]

@JEChalmers Not fairer at all for youngsters… You have discouraged young Australians investing in companies by increasing CGT(no risk bearing benefits)… while allowing companies and super companies to invest without having any changes in taxation…

[JOE @meledath123]

Justifying lie= change in position, Now no one will listen to you @AlboMP

[Nyunggai Warren Mundine AO @nyunggai]

Typical of an incompetent leader and a liar. Fire the incompetent liar. 🤥

[Geoff Wilson @GeoffWilsonWAM]

Exactly. Australia now has the world’s worst CGT regime after the @ausgov and @AlboMP changes. The highest effective rate on real gains, punishing productive investment.
This is economic self-harm. @AlboMP backflips and contempt for basic questions just prove it.
Time to reverse this vandalism before it destroys aspiration, startups and our future.
RT if you agree 👇

[JOE @meledath123]

Why can’t politicians be honest ? @AustralianLabor @JEChalmers @AlboMP …

[Dekka @DerekFranc90653]

Yesterday Jim Chalmers LIED in PARLIAMENT, when he said the CGT tax rate was 21%. 1: He included Super in the calc where tax is 10% to 15% (and unaffected by the policy), when the question was specifically about where his policy applies.

[JOE @meledath123]

@JEChalmers please remove CGT changes on risky but productive investments in shares particularly Mining exploration and Biotechs or be prepared to be named as the Treasurer who killed investment in these sectors @AustralianLabor

[Dekka @DerekFranc90653]

Today’s SMH; pg 33. World’s highest CGT at plus 50 per cent. Please retweet and circulate widely.

[JOE @meledath123]

@JEChalmers @AustralianLabor @AlboMP such a shame you guys are not in touch with what people think

[Chris Brycki @chrisbrycki]

Well said @JASprague

What’s so disappointing about these tax changes is the message they send:

- Start a business, but don’t make it too successful.
- Invest, but we’ll tax success more heavily.
- Save for a home, but we’ll make the journey harder.

We should be fixing housing affordability and encouraging aspiration, not penalising the very activities that help Australians get ahead.

Labor’s war on wealth risks making Australia mediocre https://t.co/6ze6D6ybos

[JOE @meledath123]

@JEChalmers @AustralianLabor Yeah… let’s rip them off more- is that your idea ? How does it help first home buyers ?