@MisirStan@samstrades She might be a senior lawyer in a law firm and have a spouse who is working too. Some of those private schools have insane fees up to $40,000 per kid in yr 12. It's not that unlikely a scenario. Pain is coming for lots of people.
@QuentinDempster@JCIV63@AlboMP@AngusTaylorMP It's actually "serious harm threshold", not "significant harm threshold" lol. Silly Me.
I guess that tweeting at 1am has its disadvantages.
@QuentinDempster@JCIV63@AlboMP@AngusTaylorMP What defamation?
Anyway, the defamation laws have been changed to include a "significant harm"
threshold so you won't have a case, as this tweet has not caused significant harm to your career and income. This change stops misuse of defamation law to intimidate others.
@JCIV63@QuentinDempster@AlboMP@AngusTaylorMP I agree with you JC, his posts are definitely very partisan in my opinion. He is entitled to his opinion but it does show that the ABC is stacked with biased journalists.
@QuentinDempster@JCIV63@AlboMP@AngusTaylorMP In order to create demand for the tiny build-to-rent apartments, the government first need to get rid of private landlords & create a severe rental shortage so that renters have no choice.
Instead of lots of small time landlords, there'll be only a few foreign billionaire ones
@QuentinDempster@JCIV63@AlboMP@AngusTaylorMP Build to rent is coming, big time. And that is where the tax concessions are going.
That is not universal home ownership, it's the corporatisation of renting. Can you imagine how much harder it will be to get something fixed under this new model by a foreign owned corporation?
@QuentinDempster@JCIV63@AlboMP@AngusTaylorMP And the problem with your comment is that the Labor changes can not in any way result in universal private home ownership. To believe so shows that you have no compression of the changes and just blindly believe the Labor slogans.
@QuentinDempster@AlboMP@AngusTaylorMP So the government don't want private citizens to be landlords.They want to create a sever shortage of rentals so they can have the hero developers build apartment towers filled with rentals only & young people will be stuck there and the super funds will also be involved & cfmeu.
@QuentinDempster@AlboMP@AngusTaylorMP The government are incentivizing large foreign-owned companies to build "build to rent" high rise and these companies will get huge tax concessions.
Does that sound good to you? There is a lot of money to be made and renters will be trapped just like the poor 5% deposit stooges
@QuentinDempster@AlboMP@AngusTaylorMP You really need to think harder, Quentin.
How does increasing the tax on all assets help first home buyers to buy a house?
If they have their deposit savings in shares and sell them, they are taxed more and this makes their deposit smaller.
@QuentinDempster@AlboMP@AngusTaylorMP No Quentin. Wrong. The government will still allow 10+ properties to be negatively geared on new properties. Even worse these changes encourage first home buyers to compete against investors on new builds.
CGT changes are across all assets. How does that help first home buyers?