The Coming Federal Election.

[Bates]

Oh stop it Batesy. That’s nothing of the sort. I was just stating my experience here the past, as of the time I wrote it, 12 hours or so. I can stick up for myself and always have. I don’t play victim cards and never have. That’s not my style.

Shite, I momentarily forgot it was Mothers Day.

Happy Mothers Day mightyrooster.

I hope you had a great day. Being a mum is the hardest job on the planet!

[mightyrooster]

Well said- this young lady is always on point. Happy Mothers Day to you and all the mums here

Thanks Random. As for the young, I wish!

[mightyrooster]

Shite, I momentarily forgot it was Mothers Day.

Happy Mothers Day mightyrooster.

I hope you had a great day. Being a mum is the hardest job on the planet!

Thanks Bates. It can be hard, but it’s also very rewarding. I love it! Greatest job on Earth.

[Bates]

Thanks Bates. It can be hard, but it’s also very rewarding. I love it! Greatest job on Earth.

You're most welcome, mr.

Sometimes I wish we had a thumbs up Emoji.

[roostermcgregor]

Well. The Australian people are now getting what they voted for.
New superannuation taxes on unrealised value increases on asset values.
It means business property, investment property and farms will need to be sold to pay the new taxes.
Its announced to only affect those with more than $3 million in their superfunds- no indexation , so it will catch thousands of additional Australians in coming decades.
Chalmers puts the bullshit spin on it saying it will affect less than 100,000 people.
And the Greens won’t vote for the proposal unless the threshold is reduced to $2 million !!!
Any dumbass can see this is just the beginning, and this new tax will be expanded to affect all types of taxpayers - individuals , companies, trusts etc and we will all be hit with selling assets to give money to Albo and Chalmers so they can go on their wild spending spree.
I said earlier on this thread , that the Australian people would need to be stupid to vote for this mob, and Australia is the most highly taxed country in the world, but unfortunately Australians ( particularly the youth) don’t know what they are voting for.
Why don’t we just give up everything we own to the government right now, live in government funded housing , and go to soup kitchens to eat 3 times a day?

Why delay the inevitable?
Isn’t this the definition of communism?
Like I said, the people of Australia are stupid - now it’s time to walk out onto the street, pull you pants down, bend over , and let Albo and Chalmers have their fun with you.
Don’t say I didn’t warn ya.

[Paddo Colt 61]

Well. The Australian people are now getting what they voted for.
New superannuation taxes on unrealised value increases on asset values.
It means business property, investment property and farms will need to be sold to pay the new taxes.
Its announced to only affect those with more than $3 million in their superfunds- no indexation , so it will catch thousands of additional Australians in coming decades.
Chalmers puts the bullshit spin on it saying it will affect less than 100,000 people.
And the Greens won’t vote for the proposal unless the threshold is reduced to $2 million !!!
Any dumbass can see this is just the beginning, and this new tax will be expanded to affect all types of taxpayers - individuals , companies, trusts etc and we will all be hit with selling assets to give money to Albo and Chalmers so they can go on their wild spending spree.
I said earlier on this thread , that the Australian people would need to be stupid to vote for this mob, and Australia is the most highly taxed country in the world, but unfortunately Australians ( particularly the youth) don’t know what they are voting for.
Why don’t we just give up everything we own to the government right now, live in government funded housing , and go to soup kitchens to eat 3 times a day?

Why delay the inevitable?
Isn’t this the definition of communism?
Like I said, the people of Australia are stupid - now it’s time to walk out onto the street, pull you pants down, bend over , and let Albo and Chalmers have their fun with you.
Don’t say I didn’t warn ya.

Aw fcuk....the sky is falling. If Mack is right, we're all off to Hell in a handcart!! Yez had all better do something quick about your Family Trusts, investment properties and $3m Super nest eggs, the Commos are out from under the bed.

In Oz, just 10% earn $100K or more p/a and the median wage is not even $60K p/a so use your loaf re any looming catastrophe. Of course most of those $100K + earners are into tax dodging and maximising income in all sorts of ways. Why would anyone weep or even give a shit about a small rich minority bleating about paying their fair share of tax, a whole generation now faces a renter future. Self managed Super funds have become a tax avoidance enterprise under the Libs. You're un -Australian Mack, a greedy fellow. Tradie?

[Andrew Walker]

Aw fcuk....the sky is falling. If Mack is right, we're all off to Hell in a handcart!! Yez had all better do something quick about your Family Trusts, investment properties and $3m Super nest eggs, the Commos are out from under the bed.

In Oz, just 10% earn $100K or more p/an and the median wage is not even $60K p/a so use your loaf re any looming catastrophe. Of course most of those $100K + earners are into tax dodging and maximising income in all sorts of ways. Why would anyone weep or even give a shit about a small rich minority bleating about paying their fair share of tax, a whole generation now faces a renter future. Self managed Super funds have become a tax avoidance enterprise under the Libs. You're un -Australian Mack, a greedy fellow. Tradie?

No he’s just a gullible fool Who doesn’t realise what you and I earlier on point out about that tax The simpletons haven’t heard that the alternative given to this is from those so called economic gurus is to raise the gst

[caz]

do people need generous tax breaks for accounts of more than an indexed one million, or an indexed two million for couples' combined accounts? with an ageing population and people wanting immigration levels to come down there's going to be less people paying tax. that's a problem.
the issue is that it means rich people will invest in other assets and that could have bad unintended consequences

[Andrew Walker]

do people need generous tax breaks for accounts of more than an indexed one million, or an indexed two million for couples' combined accounts? with an ageing population and people wanting immigration levels to come down there's going to be less people paying tax. that's a problem.
the issue is that it means rich people will invest in other assets and that could have bad unintended consequences

Would you be so kind to elaborate further and in more depth on the last sentence

[caz]

Would you be so kind to elaborate further and in more depth on the last sentence

not an expert but for example it could mean people just plow money into property instead, forcing house prices to rise even higher

[Andrew Walker]

not an expert but for example it could mean people just plow money into property instead, forcing house prices to rise even higher

Perhaps But wouldn’t that be counter productive continually paying stamp duty to avoid a tax later on in life

[caz]

Perhaps But wouldn’t that be counter productive continually paying stamp duty to avoid a tax later on in life

don't come to me for financial advice lol but seems like property will always have its takers, especially with negative gearing

[Andrew Walker]

don't come to me for financial advice lol but seems like property will always have its takers, especially with negative gearing

Im not coming to you for financial advice. I was more pointing out every property transaction has its own tax in stamp duty I’d think buying multiple properties to avoid paying unrealised capital gains onsuper annuation over 3 milllion in which I believe the part you pay tax on is the amount over the 3 million would more than likely be counter productive

[Random Rooster]

don't come to me for financial advice lol but seems like property will always have its takers, especially with negative gearing

Heres my take on property prices:

Australian has always had stable governments. It is a safe place to live. There's employment. There is free health care. Education standards are high-even in the public system. We have consumer protection laws. We have laws governing the quality of our food and water. People are generally nice to each other. The weather is good. The air pollution is low. The standard of living is high...... you get where im going here? All this creates a very strong demand to live here-especially in capital cities. This demand makes it a expensive place to buy property. If you cant afford to live in metro areas then go further out and pay less- you will still get the same basic amenities to lead a great life

[caz]

the independent has sneaked ahead in bradfield and is the provisonal winner with an obligatory re-count.

they did well to choose ley. as great as this loss was i don't subscribe to the view that that guarantees a further two terms. political allegiance is so volatile these days. ley's biggest fight will be inside the party. if she can hold on she'll go alright