Rowan Mackey

Podcast Presenter & Producer | Lover of Sport

[Rowan Mackey @rowan_mackey]

@M1D3V Narrator: “it came back to bite him”

[Rowan Mackey @rowan_mackey]

@Socceroos I love the man

[Rowan Mackey @rowan_mackey]

@ElMengem @VinceRugari The Argentina doco was the best I’ve ever seen I reckon. Stoked to hear this news!

[Rowan Mackey @rowan_mackey]

@SkySportsNews Hope he learned the Spanish word for bench

[Marko Matvikov @MarkoMatvikov]

What this doesn’t tell you is that:

• The growth is made up almost entirely of data centres build out

• While that money is being spent here, it’s mostly buying tech hardware produced offshore

• Once built, those data centres require very few local jobs to maintain and operate

• Both the buying of offshore hardware and the operation of the data centres deliver profits almost exclusively to offshore companies (almost entirely based in the US)

• These global tech giants use complex tax structures to siphon those profits out of Australia - mostly into the US, meaning they're taxed to the US' benefit

• And excluding data centre investment, the rest of the economy is actually shrinking

[Rowan Mackey @rowan_mackey]

RIP Neale Daniher. One of the all time great Australians.

[Rowan Mackey @rowan_mackey]

@SouthamptonFC By that logic, it’s also the biggest cheating offence in English football history based on potential gain.

[Rowan Mackey @rowan_mackey]

This budget identifies as being for young Australians lol.

[Anthony Albanese @AlboMP]

We're bringing the dream of home ownership back in reach for young Australians.

And it's why we're changing property investor tax breaks to give first home buyers a fair go.

[josh Garlepp @JoshGarlepp]

If all industry awards in Australia are fake, why not make up your own?

[christopher joye @cjoye]

This is crazy: the federal government is using all the NDIS savings and almost all the NDIS savings + tax increases to pay itself due to a massive $19.6 billion cost blow-out on the bureaucracy over the next four years compared to forecasts in last year’s budget.

Put another way, over the four overlapping Budget years from 2025–26 to 2028–29, the government has increased the cost of running the bureaucracy by $19.6bn — enough to consume virtually all (99%) of the $19.8bn in NDIS savings it claims, 93% of those savings plus its negative-gearing/CGT tax grab, and 14.5 times the property/investor tax increase itself...

"The average staffing level increases from 215,900 this year to 217,300 in 2026-27. Since the Albanese government came to power in 2022, the size of the public service has ballooned by a quarter."

https://t.co/tzZFwkUQCF

[Rowan Mackey @rowan_mackey]

@JEChalmers No one saw his speech, or this tweet for that matter. You’ve already bottled it.

[Greeny @greenytrades]

The funny part is everyone thinks the Aussie 50% CGT discount was some massive gift to investors.

For 10 year ASX 200 holders, inflation made up 56% of the asset price growth. So in shares, the “discount” didn’t even fully cover inflation. They’re not closing a loophole. They’re changing the rules mid-game.

[Rowan Mackey @rowan_mackey]

@TheKouk @Haydenfreedom So you’re a lapdog and a liar…

[Old Soldier @OMGTheMess]

Wonder why it was grandfathered?

[Nick Fabrio @longhorncapital]

The start date for many of these tax changes is curious - July 1, 2027 which is very convenient! Means the people actually getting whacked won’t physically PAY the ATO or do their returns til after June 30, 2028 which happens to be AFTER the next election.

Shrewd politics as you’d expect from these conniving fuckers - pick up the votes from the young and those filthy at the system now, while champagne socialists/boomers/higher income earners who’ll actually cop it won’t have felt a thing yet so theres nothing to be angry about at the ballot box.. by the time the bill lands it will too late, another 3 years of these grubs

[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...

[Rowan Mackey @rowan_mackey]

Hard to think of another sport in the world that would allow this to happen

[7HorseRacing 🐎 @7horseracing]

"The staff room was overflowing so they kicked us out...and we spent all our time doing the form" 🤣

You'll never believe how the @2unitspodcast came about! From the classroom to the studio to the racetrack, the Nick Foot story is a beauty 🤝

@Footy2units @jackgunston

[Rowan Mackey @rowan_mackey]

@Sewelld22 @douglas61590307 Real mother’s basement type operator we’ve got here

[Rowan Mackey @rowan_mackey]

@Regista10_ The real story has about 10x the layers of what you’ve conveyed here.

Is there a chance you maybe just don’t have the emotional intelligence to comment on football week to week without seeming like a loser? Because this whole arrangement clearly hasn’t worked for you.

[Rowan Mackey @rowan_mackey]

@CraigHope_DM Ship off this mercenary. He's nothing but a prick with a poisonous personality.