Pretty sad you are hanging your hat on a 4.75% increase when real cost of living has doubled in 5 years. A nice decoy to cover the fact you are bringing in the single biggest tax grab in recent history. Your new CGT taxes rip wealth from mum and dad investors and new investors who work hard to invest their already highly taxed wages trying to become financially independent. With one socialist stroke of the pen you divide and pit Australians against each other by calling families that have worked hard for their wealth “privileged” and deserving of higher taxes. Be prepared for significant economic downturn and loss of jobs as you “de-incentivise and kill” the inspiration of all Australian businesses and hard working Australians looking to invest in their future.

It pretty incredible how you and the delusional social left think they are entitled to other people’s hard fought gains. Using division and socialist words like “entitled wealth” to make it seem like those who’ve got ahead in life didn’t work hard to earn it. I bet you’ve never taken a risk and invested in anything outside of a guaranteed salary. 70% of all home investors only own one investment property, which they’ve often taken decades to save for and build equity in. All whilst paying the way for other Australians through the high wages tax they already pay. The top 20% of earners pay more than 50% of all income tax collected. Who are you going to milk when that teat runs dry? The bulk of Australians already pay a high income tax on every wage dollar they earn. Allowing new and young investors the chance to build wealth without giving half of it to government is morally fair and reasonable. Only a Government who’s incompetent spending is out of control needs to raise taxes. Lying Labor is setting about destroying the middle class. They will create a system so punitive on investors that we will be left with just the extreme rich and poor people. That is the tale of every socialist regime that went down this path….abject poverty for the majority of their population. Remember the extreme rich don’t need negative gearing and they don’t sell assets, so these changes are squarely targeted at the middle class.

Wow. Jim Chalmers just blocked me. It wasn't one of my typical insults either. It was a respectful comment which so happens to be the truth. So why block me? Because they're liars and the truth hurts.

Lying prick. That’s what he is. You’d have to check you have all your fingers after shaking hands with the bastard.

Dear Australians It’s no longer about Left versus Right. It’s about massively high-spending, high-taxing governments versus the people who pay for it all. Australians have had enough. We’re galvanised like never before — across suburbs, cities, and regions. We’re done with lies, waste, fraud, endless taxes, and policies which punish hard work and investment in our amazing country. We’re looking for real leadership. Someone who puts Australian families, workers, and businesses first. Someone who actually represents our interests, not the interests of the themselves, bureaucracy, globalists, or ideology. ALBO MUST GO ! Call an election @AlboMP and let Australians have our say. If your policies are as popular as you say then you have nothing to fear.

Why should investors be corralled into super as their only means of investment. The government should have no say in removing or limiting legitimate means of investing to get ahead. No shares, property, or any other asset class is now exempt. You also can hit concessional limits in super very quickly (around $30k) and then 30% or your full marginal tax rate kicks back in. This budget is an absolute disaster as far as crippling young people’s chances at financial independence and encouraging business startups and real GDP growth in Australia. The real high growth in housing prices comes from highly inflationary monetary policy set by government over the last 20 years. They printed hundreds of billions of dollars out of thin air during the GFC and Covid and that money was given out at low interest rates. Where did they think that money would end up. Of course it went straight into hard assets like housing and shares. That combined with overspending and significant over immigration in the last 4 years has pushed inflation further out of control and fuelled a true housing shortage crisis. Look at new homes. It’s easy to spend $750k to build a house now without land costs. Thats due to inflation, high cost, and lack of supply of building materials, massive government red tape and taxation at every stage of building and a skills shortage. As new house build prices soar due to inflation that of course drives up costs in existing dwellings. The CGT discount and investors have little to do with this spiralling increase in costs. This is nothing more than a big new tax to try to capture the wealth transfer between parent and the next generation, by cutting of any gains that a fair CGT discount once provided. Technically it’s even worse for younger investors trying to start off, as they get no benefit from grandfathering. Overtaxation is paramount to an incompetent or corrupt government stealing wealth from its citizens. The CGT discount was a fair discount to gains mostly made from already heavily taxed wages. The middle income families trying to get ahead were heavily reliant on this to try to find financial independence, and it built up some real wealth and a high quality standard of living in this country. This new budget destroys the aspirations of middle class families to get ahead and will widen the wealth gap in Australia. Remember billionaires and the extremely wealthy don’t sell their assets, so this barely impacts them. But it impact young people and mums and dad investors that have to sell assets to fund the next stages of their lives, whether it’s buying a home or trying to retire comfortably.

Funny but unfortunately true. Australia gives away its natural resources for the benefit of large multinationals rather than its citizens. youtube.com/shorts/TwTUom9Zk… via @YouTube

Very cool

Perhaps it’s time Australians tax payers actually benefit from our abundance of fossil fuel and natural resources. 1. Stop giving multinational companies contracts for our natural resources for pennies on the dollar. No more subsidies. 2. Tax exports on all unprocessed minerals and fossil fuels so Australia actually collects a fair share of the revenue generated from them. 3. Reinvest a certain amount of this into refining and mineral processing industries that create real jobs and further wealth for our nation. 4. Provide tax relief and subsidised services to Australians through the share of revenue generated from these actions. We know the Australian government doesn’t do this because it is addicted to the taxation of individuals. It’s time our government looks at our biggest natural assets to generate this income instead.

F1 is in big trouble. The Mario Cart comparisons are unfortunately accurate. The massive gaps between all teams, the unreliability issues, and the fake overtaking due to battery level differences is resulting in a product that is hard to watch or get excited about. Unless the FIA take immediate action to dial back the complexity and over management of these cars, F1 will loose its appeal to most of its fans. F1 fans just want the fastest drivers pushing their cars to the extreme limits in all parts of the track, without management and without constant reliability compromises 🙏🏼🙏🏼🙏🏼

Our stupidity as a country is beyond belief. Somehow successive governments found the excuses to say it wasn’t cost effective to refine or use our own natural resources to power Australia. Instead they found it was somehow reasonable to buy back the refined product from SE Asia at 10x the price. Now those decisions look disastrous in the wake of global instability. Why didn’t Australia invest in the best technology to refine and produce our own fuels? Instead they were happy to heavily subsidise multinational firms to extract and ship these resources overseas for cents in the dollar. Virtually no tax collected, no share of revenue, no investment, no common sense. The truth: The Australian government is addicted to wages tax and taxation of the individual. This subsiding of multinationals is to gain more wages tax through a handful of promised jobs rather than direct revenue from our resources. Imagine if a moderate export tax was placed on all our fossil fuel exports. Imagine the options for reinvesting this into industry or cutting the heavy burden on the Australian taxpayer. Our successive governments have lacked any semblance of vision or boldness when it comes to this issue.

F1’s current state play is a mess. Way too many reliability issues and massive gaps right across the field which makes the racing boring. We just want to see the best drivers race each other without restrictions and without managing batteries.

My maths brain is not braining. You’re saying that the recent 40% increase in my electricity bill over two years has happened because of coal and gas, which we’ve been using less of as we switch to renewables. My bill wasn’t expensive before renewables when we had 100% coal and gas. Why has it jumped significantly recently as more renewables come in? Also explain to me how shipping 380 million tonnes of coal overseas each year for other countries to burn is Net Zero. Thats about 4-5 times what our entire national energy requirement would be.

Pretty clear Kimmi had room and turned in cutting off any opportunity Piastri had of making the corner. Hence the lock up. Maybe a penalty to Kimmi, but should have been just a racing incident. The FÍA stewards want to make F1 a boring game of follow the leader 🤬🤬🤬

I love the idea of clean green energy but unfortunately Net Zero is a deliberate misdirection and ultimately a huge fake perpetrated by the Australia government to appease voters. Let me explain. Australia doesn’t exist in a bubble. We live on a shared planet and our impact on CO2 is less than negligible. China will burn more coal in the next 10 years than we could in 300 years. Their coal usage has increased from 10 years ago meaning the trend is not going away. The biggest misdirection though isn’t even this stark fact. It is that Australia, whilst claiming to target net zero, happily ships a lion share of this coal to China for them to burn. Ethically and logically there is no difference in us giving our coal for others to burn than burning it ourselves. We are infact heavily supporting the use of fossil fuels by shipping coal and gas cheaply to other countries that are not committed to net zero. The only real difference is that we are paying the high electricity prices whilst they are not. This impacts every single part of agriculture and industry in Australia and is driving up our cost of living. Is there a viable way to stop these exports? Not easily without killing mining, one of the only viable industries left in Australia. One idea is we could charge a tax on all fossil fuel exports to at least offset our own high cost of green energy production. But suggest this and watch the leftist political parties panick about potential lost jobs and pissing off big countries using our fossil fuels. The alternative: do nothing, keep driving at our own isolated net zero and cripple what’s left of our businesses and every household with high energy prices. #climatechange #NetZero #globalwarming #costoflivingcrisis #ClimateScam

Leftard policies are killing the Australia we all used to love and know. Labour knows 85% of immigrants end up voting Labour. Their claim that we need it because of declining birth rates is a stupid argument and a lie. Our birth rates are declining due to soaring cost of living pressures facing families. Australians literally can’t afford more than 2 children with costs so high. There is now no choice but for both parents to work to make ends meet. Only one generation ago all families had the luxury of living well enough off a single wage. Over immigration only adds to our already stretched and overrun health, education, transportation and emergency services. Additionally when you bring in immigrants with diametrically opposed values you destroy social unity and the Australian way of life.

Housing affordability is one of the biggest issues facing our children and threatening our Aussie way of life. There is no single answer, but there are things we can do: 1. Make electricity cheaper, which lowers costs in every facet of building and owning a house. Net Zero is killing every industry including housing. 2. Curb govt size, overspending and debt which will reduce direct govt caused inflation and their need to print as much money to pay off debt. This stops our dollar being debased against hard assets like housing. 3. Lower or abolish stamp duty for new home buyers, which will save thousands for new buyers. It’s an unjustified tax anyway. 4. Stop punishing regular Aussie families buying an investment property with ridiculously high land taxes and threats of removing negative gearing and capital gains discounts. Set a cap so only large property investors pay much higher taxes over a threshold. 5. Stop or slow down overseas investors buying more than a single property and hit them with super high taxes on their property purchase. All require thought, but our current attempts are not working.

Under Labor, Victoria is the most taxed state in the nation. Has the highest unemployment rate in the nation. And is the most indebted state in the nation. Victorians deserve better than this. The Liberals have an economic plan to fix it. See details below👇