TheWorldAsItTrulyIs ⏳

Anything and everything of interest.

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@aleksbrz11 @hatts49 Would be helpful if the generals resigned BEFORE an unprecedented military catastrophe

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

The USSR collapsed within 6 years after the Chernobyl disaster. And all Soviet citizens had to communicate with was word of mouth and fax machines.

Something similar will happen in the West because of the Covid jab disaster. We’re not supposed to talk about it, but everybody knows.

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@craigkellyAFEE The covid jabs were our Chernobyl and this FDA admission puts us roughly somewhere in 1989. Public confidence in the West’s regime of truth is disintegrating. Collapse will be psychological as well as economic, and total.

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@Travellingtooks @Ryandally08 The good news is that the Australian economy is going to be completely unleashed when the upheaval takes hold. @HonTonyAbbott and @JoeHockey had that vibe but misread the electorate’s support for it. A consequence of living inside the @newscorpaus bubble.

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@Ryandally08 Luxon is supposedly a conservative but he’s so lightweight that yes he is effectively progressive

[The Spectator Australia @SpectatorOz]

Anyone still cheering on Labor's Budget either hasn't read it - or doesn't understand it.

It is so destructive.

So idiotic.

And so economically incoherent...

That I predict Labor's days in government are numbered.

Most damning of all?

The hardest hit are actually the lowest paid.

Article | https://t.co/8M5d5f9nz5

[Caitlin Johnstone @caitoz]

There is vastly more evidence for the IDF raping Palestinians with dogs than there is for Hamas raping women on October 7. It’s a real thing that does happen. They just happen to think it’s hilarious.

[Joseph Haboush @jhaboush]

Israel has stepped up its efforts to eavesdrop on senior US officials, including Steve Witkoff, President Trump’s top negotiator, Elbridge Colby, the Pentagon’s top policy official, and Mike DiMino, the Pentsgon’s top Middle East official, per NYT, citing new intel reports.

[Gerard Rennick @RennickGBR]

Debt is killing the Australian dream of owning your own home.

This is having a devasting impact on the birth rate, cost of living and retirement plans.

This has been driven by decades of financial mismanagement by governments and the RBA.

Despite many people working longer than ever, Superannuation is not reducing the number of retirees on the pension.

If you want to see change then sign up to https://t.co/IZgRkq5gVn today.

We have the solutions for today and the vision for tomorrow that will put you and your family first.

••••••••••••••••••••••••••

“As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire.

This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago.

To exacerbate the situation, 40% of individuals and 33% of couples will utilise their entire superannuation savings to pay off their debts.”

[Alex (Sasha) Krainer @NakedHedgie]

The Epstein class is literally in charge. No wonder that all of Epstein's and Maxwell's clients are free with not a worry in the world. They're probably still raping and eating kids.

[Peter Cronau @PeterCronau]

Haha, hilarious.
The con is exposed!

The whole #AUKUS scam is now stripped bare.

It has always been a con to enable the US to get its hands on more Australian territory for their US military bases.

Bases for their subs, ships, bombers, marines, drones, spy bases, weapons storage, and getting an extra flag for their forced anti-China alliance.

Australia has been conned big time — and was taken there by a pack of traitorous collaborators. You know who I mean.

#AUKUS is dead in the water — but the occupation of Australia continues.

@ICAN_australia
@NuclearBan
@IPAusNet
@WagePeaceAU
@BaseWatchAU
@OzAntiBases
@MAPW_Australia @WarPowersReform @DeclassifiedAus

https://t.co/gXctg1HYKP

[Geoff Wilson @GeoffWilsonWAM]

Economic vandalism.
Chalmers’ tax hikes crush productivity and capital formation instead of growing the pie.
A disaster for all aspirations Australians
Spot on, Ben. #auspol

[Geoff Wilson @GeoffWilsonWAM]

Treasury’s Marxist are at it again bragging about their ‘interest-free loan’ while plotting the next CGT assault. This is just the warm-up. Is the unrealised gains tax coming again, crushing every investor. We must DESTROY this wealth-destroying communist bull dust and STOP IT NOW! 🇦🇺

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@GeoffWilsonWAM @AlboMP @JEChalmers They’ve sold us out, the @ASX is now a plaything of traders, super funds and foreign internets, and the terrifying thing is the grinning idiot may not even know it

[Geoff Wilson @GeoffWilsonWAM]

It has to be open for “international business” as @AlboMP and @JEChalmers have destroyed any new Australian businesses.

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@craigkellyAFEE Sadly never, the luvvies will unperson him

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@TMFScottP @GrahamY @spenderallegra Pretty much this

[David McMahon @David_McMahon75]

What I have come to realise in reading responses to my posts, is that for Labor and many of its supporters, this budget is a bit of a moral crusade.

They see “workers” as virtuous (sweat and toil). And they have an innate suspicion of investors, who they seem to think are just rich people who got wealthy through special treatment and “handouts.”

In this frame, workers “earn” their wages. By contrast, capital income passively rains down from the heavens while the investor sits on a beach sipping martinis.

“You’re free to invest, just pay a bit more tax,” they say. But incentives are everything — if you punitively cap the upside while leaving the investor with most of the downside risk, less jobs will be created.

What frequently gets lost is that investment is not simply money appearing from nowhere. Capital comes from people who defer consumption, take risk and allocate savings to productive activities. Every business, factory, mine, software company and startup exists because somebody was willing to put capital at risk. These are the people that employ the workers.

Because this is a moral crusade, it’s hard to change people’s minds by talking about the economics of risk taking, cost of capital or real effective tax rates.

The great irony is that the fastest path for “workers” to become wealthy is to invest their savings on the side. Into productive businesses and other growth assets. These new tax rules will make it that much harder for the average worker to build wealth.

[David McMahon @David_McMahon75]

What I have come to realise in reading responses to my posts, is that for Labor and many of its supporters, this budget is a bit of a moral crusade.

They see “workers” as virtuous (sweat and toil). And they have an innate suspicion of investors, who they seem to think are just rich people who got wealthy through special treatment and “handouts.”

In this frame, workers “earn” their wages. By contrast, capital income passively rains down from the heavens while the investor sits on a beach sipping martinis.

“You’re free to invest, just pay a bit more tax,” they say. But incentives are everything — if you punitively cap the upside while leaving the investor with most of the downside risk, less jobs will be created.

What frequently gets lost is that investment is not simply money appearing from nowhere. Capital comes from people who defer consumption, take risk and allocate savings to productive activities. Every business, factory, mine, software company and startup exists because somebody was willing to put capital at risk. These are the people that employ the workers.

Because this is a moral crusade, it’s hard to change people’s minds by talking about the economics of risk taking, cost of capital or real effective tax rates.

The great irony is that the fastest path for “workers” to become wealthy is to invest their savings on the side. Into productive businesses and other growth assets. These new tax rules will make it that much harder for the average worker to build wealth.

[David McMahon @David_McMahon75]

The responses to this have confirmed my point: a lot of people are treating these CGT changes as a moral issue instead of an economic one.

I get it. It sounds fair and common sense to say that all kinds of economic activity should be taxed the same. But that’s not how any tax system in the world works.

Why? We tax some activities more heavily and others more lightly because we care about incentives. We tax tobacco heavily to discourage smoking, for example. Super concessions are there to encourage saving. CGT concessions encourage people to invest their savings in businesses that create jobs. Everybody benefits from this.

I agree there is too much leveraged speculation in the housing market. The default path to getting wealthy in Australia shouldn’t be leveraging up on as many investment properties as possible. But there are targeted ways to address that without hitting all forms of productive investment.

[Geoff Wilson @GeoffWilsonWAM]

This new CGT must be stopped

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@ALeighMP Index funds don’t participate in share offerings. Individuals can only participate in share offerings and be incentivised to fund productive Australian businesses via share ownership. But your crazy new regime punishes diversified shareholdings by its treatment of losses.

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

@DerekFranc90653 @KotsoMr And it gets even worse

[TheWorldAsItTrulyIs ⏳ @twaitiblog]

Actually getting someone to hand over cash for a stake in an asset or business is the crystallisation of value. Until that happens value is entirely theoretical and could conceivably go to zero at any point. That’s called risk, people who’ve never taken a financial risk literally can’t comprehend it.