RT @toy59496: Dear Journalists Here is a list of 22 individuals who have provided a public submission to the Senate Inquiry on CGT and yet…

🚨 Spot on. This Senate “inquiry” into @ausgov CGT changes looks like a complete farce. They’ve banned real experts and investors from giving oral testimony, while stacking the room with partisan cheerleaders and generalists who don’t understand the technical damage. This isn’t consultation, it’s a rigged rubber stamp for economic vandalism. The Governments attack on aspiration, productive investment, startups, retirees and charities must be stopped. Scrap the CGT hike. Australia deserves better. #AxeTheCGTHike #AspirationMatters

What's the point of a Senate inquiry if you only invite partisan supporters of the policy and generalists who don't understand the technical issues, while excluding the people who've actually done the analysis? People like @GeoffWilsonWAM, @DerekFranc90653 and former Treasury official and CGT expert Geoff Francis have spent countless hours analysing these proposals, yet apparently their expertise isn't wanted. I've had five opinion articles published on these tax changes, covering the impact on startups, innovation, shareholders, investor behaviour, young savers trying to buy a home and the broader economy. Stockspot works with more than 20,000 investors and we've quantified the diversification penalty these changes create for everyday Australians using real world portfolio examples. Yet we're excluded from appearing, and our submission hasn't even been published on the inquiry website. Surely a proper inquiry should hear from people with different perspectives and subject matter expertise? If you're only inviting people to sing the praises of the policy, it's not really an inquiry... it's the town hall meeting for the Springfield Monorail. Why bother with hearings at all? Just get the like minded think tanks together to sing "Monorail" and call it a day!

This is an Australian member of parliament. These people are the reason One Nation is surging. They think doubling the tax on us is the answer. They’re genuinely stupid people who have never held a private sector job and have no idea how money works.

Prototypes getting better 🔥🔥🔥 On track for September still, Notifications on 🔔

Albanese changed his position and Australians are now losing their shit about Capital Gains Tax. It's over for Labor. Call an election.

If, like me, you are appalled at some of the changes to Aus tax settings that are set to become law, please make a submission to the Senate Economics Legislation Committee. Submissions close on the 9th. aph.gov.au/Parliamentary_Bus… The first page of my submission is attached in the image below. I have confined myself to the CGT changes, and only to their application to assets outside of residential property. I don't think the gov is going to back down on any of it, but that seems like the area where the insane consequences of the changes are most obvious. Full submission at scribd.com/document/10463953…

If you have strong opinions about the CGT changes, there are six days left to make a submission to the Senate Committee inquiry - anyone can do so - individuals, organisations, or businesses. There is no restriction to industry bodies. Submissions may take the form of a letter, paper or report, and may contain facts, opinions, arguments, and recommendations. aph.gov.au/Parliamentary_Bus…

The more I think about CGT indexation for shares, the more detached from reality it seems. Treasury appears to treat the stock market as if it’s one giant index fund that steadily rises with inflation. That’s not how actual investing works. Individual stocks are volatile. Explorers can move 50% on a drilling result. Biotechs can halve overnight. Tech stocks can swing 30% in a week! So if gains before and after a rule change are separated using some valuation date, what happens when a stock is temporarily down 60% on that day and recovers later? Suddenly most of the gain gets pushed into the new tax regime purely because of market noise. That’s not tax reform. That’s tax roulette.

This is one of the key problems with the current CGT changes - you take 10 years of capital gains but get taxed as if it happened in a single year. The 9 years you deferred the gain don’t get factored in at all and so you’re taxed as if you’re in the top 1% of income earners when, over the course of 10 years, you’d likely be just above average. All the talk about “it’s taxed the same as earned wages” is plain wrong.

I cleared the braincomp Memory Game. score: 5470 rounds: 3/3 errors: 38 status: memory cleared signal locked. memory cleared. @braincompnft

Vires in Numeris We've updated the CGT Reform engagement page so you can clearly see those those MPs who are in marginal seats. If you've not already, have your email join the almost 5,000 emails sent to MPs accross Australia. You're welcome to make the sample template personal to you. bitcoinindustrybody.org.au/e…

How many young Australians bought a home this weekend after they weren’t outbid by “Investors”. Not many I reckon. Going well so far then. How long until Labor abandon “The modelling”.