wet.rocks.matter

Here for the wet rocks, infosec, and politics. I love to run. All views are mine and retweets are not an endorsement.

[wet.rocks.matter @wetrocksmatter]

@DrCameronMurray Flip the question

If, tomorrow, you subsidised every individual without a home the entire cost for purchasing a house, would we still have individuals without homes the day after?

And that needs to include those with insecure housing, unsuitable housing etc.

[wet.rocks.matter @wetrocksmatter]

@RidleyDM @taipan168 https://t.co/Zuk4qwIeEO
It goes back decades, but let’s just say it’s a national sport

[wet.rocks.matter @wetrocksmatter]

@mumbletwits How big will that stone be?

[wet.rocks.matter @wetrocksmatter]

@AusThinkingGirl @DrCameronMurray By “insane” do you mean the exact income tax scale that salaried workers face?

If a beneficiary of a trust can demonstrate employee/worker status, they are entitled to the same tax treatment as your average wage earner, right?

Not sure i see the issue…

[wet.rocks.matter @wetrocksmatter]

@SaxonSaint @AvidCommentator You’ve missed the point - voters in US, UK etc completely lost interest in actual policy, only giving a shit about vibes.

I’m with you tho, PHON should be held to account for policy by media… but who’s media? Doesn’t matter if only you and I see it, and no one cares anyway 🤦🏻‍♂️

[wet.rocks.matter @wetrocksmatter]

@SaxonSaint @AvidCommentator Do they though?

The US elected Trump for a second time after having first gone back to an establishiment candidate. Having seen the establishment, voters said “yeah, nah”

What makes anyone think political parties must demonstrate competence before they get elected in 2026?

[wet.rocks.matter @wetrocksmatter]

@Temjinck @cjoye @craigspeculator For sure, and that needs much work

But that’s hardly the average nor median example, so what are most individuals going to experience?

Noting that there absolutely needs to be a lot of work on start ups w/ low cost base

[wet.rocks.matter @wetrocksmatter]

@BleedingEdgeAM @AvidCommentator So is it the minimum rate being set at 30% (propose another?) or that there’s a minimum rate at all which is the issue?

Surely “discretion” is simply just another way of saying “pay when tax advantaged”… Which is all fine, but either open it up to everyone or cop it sweet

[wet.rocks.matter @wetrocksmatter]

@Temjinck @cjoye @craigspeculator What share was Morrison? What share is Taylor planning to be?

Does that differ depending on the inflation rate of the day?

Are there scenarios under which you’d be better off?

(FWIW I think the Labor proposal needs a lot of work, but the counter factual is always important)

[wet.rocks.matter @wetrocksmatter]

@mumbletwits @shorewalker1 https://t.co/0YZxiOcdX4

[wet.rocks.matter @wetrocksmatter]

@WheresterryO @ozpollyanna @richardhirschs1 So home owner buys home from investor, moves into it… there’s now a home up for grabs

On your math, it ain’t an investor buying it so what, it just sits empty?

It’s only at the margins that a renter will upgrade to home owner, but that’s what the policy is meant to do

[wet.rocks.matter @wetrocksmatter]

@AvidCommentator Have fun spending those AUD O/S

[wet.rocks.matter @wetrocksmatter]

@AussiesElectYT @AvidCommentator

[wet.rocks.matter @wetrocksmatter]

@AussiesElectYT @AvidCommentator It gives the example of job seeker recipients in same sentence as aged pension

[wet.rocks.matter @wetrocksmatter]

@TMFScottP How do you get to five years?

May 2022 through today is … not five years

[wet.rocks.matter @wetrocksmatter]

@AvidCommentator “Under gradual reopening scenario” is doing a lot of heavy lifting there, ULCC volumes even.

[wet.rocks.matter @wetrocksmatter]

@TMFScottP @Bro2John Oh I’m with you on the actual motivation

Twitter/X doesn’t allow for a lot of nuance when discussing motivation and complex policy… as I’m sure you’ve encountered 😁

[wet.rocks.matter @wetrocksmatter]

@TMFScottP @Bro2John I think we are saying the same thing here

The 50% CGTD (1999) calculation was aimed at simplifying the earlier (1985) indexation calculation method … which was designed to tax real CGs only

It also helped that in low inflation environment it would be an effective tax cut 🙃

[wet.rocks.matter @wetrocksmatter]

@Bro2John @TMFScottP Yeah, the *discount* is what was applied to your tax bill on those CGs

The indexation was how the *discount* was calculated…. As opposed to paying your marginal rate on the CGs

Both of them are aimed at taxing “real” gains only

[wet.rocks.matter @wetrocksmatter]

@Bro2John @TMFScottP ?? the *discount* part was to avoid inflation, since that is what it was linked to pre 1999 Howard “50% CGT discount” reform.

the justification (think of it what you will) will be about exiting asset owners bidding up prices in restricted supply market excluding firsttime buyers