Negative gearing needed now more than ever as interest rates put the squeeze on landlords and ultimately tenants. Meanwhile depositors are receiving better returns and paying more tax.
Do you own paintings, vintage cars, jewellery, or a McDonald’s 2021 Pokémon Holo Pikachu? Under Chalmer's CGT legislation you will need them all valued as of June 30, 2027. Your valuable have to pay tax just like a wage earner, and the valuers are going to be frantic.
The rise of populist parties is not just about immigration, it is about betrayal by the established parties, and even more so by the public service. Instead of serving the public these organisations have been serving themselves. Immigration is one issue, COVID lockdowns and mandates another. Brexit in the UK another again.
Javier Milei: “I thought being on the left was a mental problem. The empirical evidence is so overwhelming that it never worked anywhere, and they refused to accept it.”
“But what I discovered is that being on the left is a disease of the soul. The left is built on envy, hatred, resentment, and unequal treatment under the law. They are very violent, and since they have no way or arguments to answer, they go for physical violence.”
Labor Minister Tanya Plibersek says Labor has “cut” migration by 45%. Does this look like a cut to you?
The number of migrants in the country has only reached record highs since Labor came into power.
It’s now at all time record of 2.6 million temporary visa holders in the country (excluding tourists, crew and transit visas).
The tax system has never been the cause of the housing affordability crisis. At the moment immigration and excess demand are the major problems, followed by a lack of developable land, and productivity in the building industry.
Canada is awkward for @JEChalmers’ housing-tax story. It has a 50% CGT inclusion rate and negative gearing. Yet housing affordability is improving rapidly as migration pressure falls under Mark Carney’s left-wing government. The problem isn't tax it's demand. Fix demand, Jim and Albo.
The leader of the Lib Dems, and the leader and deputy leader of the Green party, think some women have penises. In itself, it seems like a relatively unimportant matter. But it is symptomatic of a contempt for science and evidence-based truth. Could you vote for a flat-Earther?
Aussies: “We need to minimise immigration.”
Gov: “No, we aren’t doing that.”
Aussies: “Rent is too expensive.”
Gov: “Good point. We’ll increase costs for landlords so they have to charge you more.”
Aussies..."Electricity is too expensive"
Gov..."We're committed to net zero...regardless of the cost to you!"
Aussies: “I can’t keep up with the cost of living.”
Gov: “Too bad. We can’t stop spending more than we’re making, so inflation will keep rising.”
Aussies: “The NDIS is scamming taxpayers out of millions every year.”
Gov: “Yeah, but we don’t want to offend the NDIS scammers — they might call us racist.”
Aussies: “Okay fine, we gave you a chance. We’re voting @OneNationAus.”
Gov: “You filthy, uneducated racist.”
Rents will increase an average of $83 a week if CGT tax raised and negative gearing abolished according to modelling. Most renters are younger. This is not intergenerational equity.
What’s really sad is Punters Politics and the Greens KNOW FULL WELL most people don’t understand basic business stuff like this.
And this is how leftists take over countries with easy slogans and cool sounding populist PR campaigns like “the rich gas corporations are stealing from us!” For once I think we can applaud the major parties
for not caving-in to the populism. But it probably won’t last. @ljayes@ellymelly@OzInstProgress@AusPoll6@DrewPavlou@TopherField@OzraeliAvi@EnergyWrapAU
Graham Young from @OzInstProgress will join us on the show this weekend (new shows always drop 7pm Fridays).
He says the AI numbers from our question prompt in the tweet below may be a bit on the high side for two of the years.
Graham sourced the Company Tax paid from the ATO's website (ignoring PRRT and all other royalties and taxes) for 2023-24. He found that the gas companies seem to be paying their "fair share". This is ONLY the company tax part of what they pay excluding royalties (Australia's large company tax rate is 30%) @GrahamY
This morning, I silently held up a sign at the @RANZCP Congress during the keynote speech. Security pushed me over, dragged me out, and cancelled my conference registration. @RANZCP CEO, Damian Ferrie, told me my sign counted as ‘advertising’ so wasn’t allowed. The College is so cruel to those of us speaking up to protect children from gender interventions.
@Mark_Butler_MP@AngusTaylorMP@PaulineHansonOz@TimNichollsMP@DavidCrisafulli
@aaronsmith@SenatorCash See the definition of social cohesion in the Instructions to the Anti-Semitism Royal Committee: "national consensus in support of democracy, freedom and the rule of law". That would be a good place to start.
The battle between the anywheres and the somewheres continues. A country has to be more than lines on a map or it becomes just a kind of caravan park where no one has anything in common with anyone else and it is just convenient to be here.
Response to statement from Paul Keating:
I always suspected that Paul Keating didn’t support Australian values, but now he has dropped any pretence.
To suggest it is “racist” to put Australian values at the centre of our immigration policy shows just how out of touch he is with Australians, as is the Labor Party.
This is the immigration policy we have to have. Immigration numbers are too high. Immigration standards are too low. And both must change.
It’s time for Paul Keating and the Labor Party to put Australians and Australian values first.
Another Teal with Little Red Hen economics. She didn't bake the bread, but now she wants to eat it. That gas wouldn't exist without the foreign markets it was developed to service. The spin-off was a lot more gas development in Queensland and NT, a lot of which is domestic bound.
Governments in Australia keep adding laws to deal with anti-Semitism, but they won't use the laws that already exist. Does anyone think they will use the new laws? Or are they just windowdressing to prove they are "doing something"?
Australia doesn't have freedom of religion. Our constitution doesn't allow the "establishment" of any religion - that is a different thing. So why go easy on Shia Islam when it celebrates terrorism, at the same time we're prepared to jail Pentecostal Christians for murder? Religion is not a shield against secular laws, or justice. #AliKhameini
At the conference for the @OzInstProgress, former Liberal Prime Minister @HonTonyAbbott says Australia does not have a problem with Islamophobia, and says there’s no need for outrage over @PaulineHansonOz's recent burqa stunt.
👉Read the full story: https://t.co/HlNAJmBjCi
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