Joined July 2011
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3,784 Photos and videos
Aussie Nomad retweeted
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Aussie Nomad retweeted
Jun 14
They’re singing the Australian national anthem in Downtown Vancouver 🇦🇺
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Aussie Nomad retweeted
The seething hatred for women at both ends of the political horseshoe.
Get ready.
theguardian.com/world/2026/j…
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Aussie Nomad retweeted
It’s a beautiful winter’s day in Sydney. ☀️
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Aussie Nomad retweeted
May 31
Nope. We need more people paying for more things. Free riding is bad economically and ethically. In all areas of life. theage.com.au/national/victo…
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So a loss created by indexation is ignored.
In my example below (sorry it’s so rough) the taxpayer has made an overall inflation adjusted loss. But they’ll be taxed on only the gain with the loss disregarded. And the gain will be taxed at a minimum rate of 30% (so $15k tax despite a real loss).
It’s an awesome system.
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Aussie Nomad retweeted
May 21
I did not realise they were taxing gross rather than net gains… AFR: Investors with diversified share portfolios making a mix of gains and losses compared to inflation could face tax rates of more than 100 per cent on real gains, due to the Albanese government not compensating investors for underperforming stocks.
A former senior Treasury tax official and a hedge fund manager both warned that people with a diversified portfolio of shares could face tax rates 50 per cent higher than Treasury calculated… Chalmers’ office and Treasury were contacted for comment on Thursday about whether real losses would be indexed to inflation.
Under another example, an investor buys shares in Coles and Woolworths, with one outperforming inflation and the other underperforming inflation.
The overall real return is zero after inflation, but the investor would pay tax on the winning stock.
If an investor instead bought an ETF of supermarkets with the same overall result, they would pay no tax.
afr.com/policy/tax-and-super…
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Aussie Nomad retweeted
May 18
Don't know who needs to be reminded of this, but the most important job of the Federal government is to ensure policy settings generate economic growth.
Their other functions are also important, but without a strong economy, there won't be sufficient funds for them. Full stop.
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Aussie Nomad retweeted
May 18
Theres lots of Budget charts showing benefits from -ve gearing, CGT disc & trusts skewed to high earners…but it should be put in context of high earners paying the bulk of the tax. See last chart which shows the top 20% of earners paid 60% of inc tax (& thats after concessions!)
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May 17
A disaster that may well have been preventable.
May 17
Ebola has broken out in DR Congo and Uganda, reaching the capitals, and @WHO has declared this a global health emergency. I traveled along the Congo/Uganda border last year, and the public health structure--especially community health workers--was being dismantled because of President Trump's demolition of USAID. This Ebola outbreak will also be harder to address because it involves the Bundibugyo strain of Ebola, for which there is no vaccine or approved therapy and for which even testing is complicated. And Trump has also withdrawn the US from @who, limiting the world's ability to work together to fight the virus. Uganda has a decent health system, but Congo's is a disaster and is complicated by war in Eastern Congo. Large numbers of Congolese are in camps in southwestern Uganda, and the US aid cuts mean that UN agencies are able to offer them less support so that the refugees increasingly are on their own and traveling more in search of food. If the Ebola spreads more broadly, then the cost in lives and money could be considerable -- so it's important to act early to contain it. I hope Trump will reconsider his moves, work with WHO, and dispatch assistance to the Uganda/Congo border area. nytimes.com/2026/05/17/world…
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Aussie Nomad retweeted
May 15
If the ALP had limited the change in CGT to existing residential investment properties, it would have widespread support.
But no, they had to go after all assets, showing they either don't know what they're doing, or they do and they are anti-aspiration.
afr.com/policy/tax-and-super…
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Aussie Nomad retweeted
May 13
President Obama on Iran: “We pulled it off without firing a missile. We got 97% of their enriched uranium out. There’s no dispute that it worked and we didn’t have to kill a whole bunch of people or shut down the Strait of Hormuz”
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Removing the CGT discount on shares is a garbage move.
People buying ETFs aren't the reason the housing market is broken. In fact, many use them to save for a home.
Gen Z and Millennials are finally building wealth through being the biggest users of micro-investing apps (69% of users), and the Govt just screwed them over 🤷♀️. #AusPol #Budget2026
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Aussie Nomad retweeted
May 12
Why found a startup in Australia when Singapore and NZ have zero % CGT?
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Aussie Nomad retweeted
May 7
Now confirmed that the flight attendant has tested negative.
Much to the dismay of half of COVID twitter relying on this angle for clout.
May 7
The flight attendant as I understand it has not been confirmed at this point as suffering from hantavirus. Initial symptoms are not dissimilar to cold or flu. So we shouldn't presume it is.
*If* it transpires to be hantavirus, this would be....
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Aussie Nomad retweeted
⚠️Hantavirus update.
So now there is an 8th case in Switzerland (ship passenger that disembarked early, not particularly unwell).
The French ‘case’ isn’t a real case, he is simply a contact for now who was on the flight to Johannesburg with the sick Dutch case (we will need to wait 8 weeks to see if he becomes symptomatic and tests positive).
Further cases are not unexpected though.
Current cases remains early generation H2H spread on ship.
We can expect a few second or third generation cases from flights or healthcare facilities where these patients are treated.
My previously reviewed article from @NEJM documents the person-to-person transmission dynamics in the Argentina outbreak:
34 cases, 11 deaths, four generations of human-to-human transmission.
This virus has very low pandemic risk, it’s too deadly and it’s R0 with isolation is far too low.
nejm.org/doi/full/10.1056/NE…
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Aussie Nomad retweeted
May 7
🇦🇺 Australia - 12%
🇨🇦 Canada - 8%
Percentage of people who have NEVER traveled outside their home country:
🇮🇳 India: 97%
🇺🇸 USA: 42%
🇬🇧 UK: ~15%
🇸🇪 Sweden: <1%
🇳🇱 Netherlands: <1%
Geography shapes everything.
Source: Pew Research Center, 2023
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May 5
RBA suggests governments keep an eye on their spending….. Victoria says nah, that’s not the Labor way!!! 🤯
afr.com/politics/budget-show…
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