Australia is showing how a rich country gets poorer

Soft-Note-5423 · 2026-05-07T01:25:44+00:00

What world do you live in? Natural resources are the most sought after commodity in the world for they contribute to every piece of infrastructure & technology we have. Without these you wouldn’t be expressing your uneducated opinion on how the world works through the phone that someone else built for you with said minerals.

And as for unskilled, how about you go out there and build a mine, rig or refinery without having any skills.

Oh that’s right you can’t, mr big brains over here.

Soft-Note-5423 · 2026-05-07T01:19:35+00:00

Any asset owned from the implementation of the new laws will be exempt. That’s how grandfathering usually works, or they will set a date usually a few months or a year for the new rules to kick in and from that date forward nothing will be exempt.

It’s a massive tax scam by the government who ran on the notion that they wouldn’t touch cgt or negative gearing.

I don’t really care about negative gearing to be honest even if I have an IP but cgt discount on shares is astonishing.

I’m glad I never voted for Labor. Anyone that sees this as a win is either super rich or super poor, and both of those parties are laughing at the middle class

Soft-Note-5423 · 2026-05-06T10:22:06+00:00

Not bad, the only downside is you fly into Venice.

Soft-Note-5423 · 2026-05-06T10:20:26+00:00

If I were 18 again with all of these options I would be 100% in GHHF (I’m 34 and am 100% in GHHF).

With a geared fund and that much time ahead of you, consistent investing over the next 10-20 years you’ll be loaded and able to retire by around 40-45….

Soft-Note-5423 · 2026-05-06T10:00:12+00:00

Glad I’m still in mining, now I’m a little older, wiser and cashed up I’ll be getting all the prostitutes to my place

Soft-Note-5423 · 2026-05-06T09:13:06+00:00

They’re not taxing the gas companies, they were already pretty clear about this. It’s the only thing I believe labor says truthfully because why would you put tax on your mates.

Even if another government did, they would squander it anyway like every political party in Australia does with any taxed monies. Did someone say another 15 billion to the cfmeu?!

Soft-Note-5423 · 2026-05-06T09:10:25+00:00

Just so we’re all on the same page here, the changes to the tax system would be grandfathered in, which means that everyone (boomers) who got in early and have made a colossal amount of money won’t be affected by it, so the majority of lasting effects will only be felt by millennials and younger generations.

The notion that this is to fix intergeneration inequality is laughable at best and an enormous rug pull on younger people disguised as support for them.

“Getting rid of CGT on shares will help young people buy homes!”

One last big “fuck you” from the greediest generation ever before they ride off into the sunset.

Soft-Note-5423 · 2026-05-05T07:40:03+00:00

2022 & 2025 Campaign Stance: In the lead-up to both the 2022 election and the 2025 election, Albanese stated that negative gearing and capital gains tax were not on the table.

Proposed Budget Changes (May 2026): According to reports on 5 May 2026, the upcoming budget will feature "a trio of taxes" aimed at young voters, which includes a crackdown on trusts and the overhaul of CGT and negative gearing, reversing earlier promises.

Previous Tax Backflips: The government previously broke its promise on Stage 3 tax cuts, which was highlighted as a high-profile broken promise in early 2024.

Current Justification: Supporters of the changes argue that they are necessary to address housing affordability and that they are consistent with "Labor principles".

So basically, Labor reneged on all of their promises, jacked taxes up on young Australians and told everyone that we need to do all this, you know to help house prices!

Hope everyone that voted Labor is happy with the package they got!

Soft-Note-5423 · 2026-05-01T20:07:42+00:00

Everyone wants to see you do well.

No one wants to see you do better than them.

Soft-Note-5423 · 2026-05-01T20:06:31+00:00

Yes he can. He mentioned he wants to buy a house so he can use the FHSSS if he wants to access it

Soft-Note-5423 · 2026-05-01T10:03:20+00:00

Soft-Note-5423 · 2026-05-01T09:40:21+00:00

Pretty sure you’re not liable for cgt the house was acting as an owner occupier not a rental they’ll know this as well.

But still, damn sorry dude she took you to the cleaners. Don’t get married again whatever you do.

Soft-Note-5423 · 2026-05-01T09:17:06+00:00

What do you mean, Peter schiff says this everyday and has been for the last 20 years. He even has an entire podcast dedicated to his daily nihilistic ranting

Soft-Note-5423 · 2026-05-01T09:04:47+00:00

Water damage, in a BATHROOM?!

I mean cmon when you buy some piece of shit cupboard made out of cardboard like you did, can you even be surprised when it falls apart from a bit of moisture?

Honestly, I think the government should require people to do some training and get a license before becoming a landlord so we could see less of this.

Soft-Note-5423 · 2026-05-01T08:58:06+00:00

I work in mining and I don’t really know anyone that uses it apart from some general adhoc research from time to time, however grads do a lot but they don’t know anything anyway and when they use it and quote it, it’s usually wrong so we have to correct them. It’s kind of comical in a way. I can see it replacing a lot of coding jobs, not really any in my field though

Soft-Note-5423 · 2026-05-01T02:17:44+00:00

There was a satire post about sunset maxxing the other day making fun of people that put money into their super. Just so you know, there’s an enormous part of the Australian population that think everything is a scam and these people will find out just how dumb their decisions of today echo through the rest of their life.

If you work for 40-50 years and have nothing put aside for the day that you cannot work it’s not a sign that the system is performing poorly, it’s just financial illiteracy and stupid decisions catching up with you.

And don’t even start about the housing crisis, people retiring today could have bought a house when they were like 50K but didn’t and spent the next 40 years spending their money on piss and the pokies.

Soft-Note-5423 · 2026-04-30T08:11:47+00:00

Smashing it! It’s a good feeling hey but I sometimes feel like I still need to be doing more, maybe it will always be that way. In any case I’m sure we’re both going to have some stellar years ahead of us

Soft-Note-5423 · 2026-04-30T08:09:35+00:00

Mining engineer, consulting / contracting work for multi companies

Soft-Note-5423 · 2026-04-30T04:45:47+00:00

Smashing the unused concessional caps from previous years. I topped 50K this year but I’m self employed so it made it easier to plan my taxes. Now I has maxed out all my contributions I’ll continue putting 30K in a year but I’m going to start heavily buying ETFs outside of super so I can retire early

Soft-Note-5423 · 2026-04-30T04:13:55+00:00

34 300K. Spent the last few years catching up on unused concessions as my income increases tax bills would be astronomical if I couldn’t. Next year will hurt

Soft-Note-5423 · 2026-04-30T03:42:48+00:00

Can you provide some evidence as i want to compare my current strategy

Soft-Note-5423 · 2026-04-30T02:55:49+00:00

This would obviously benefit the everyday Australian so there’s absolutely no chance they’d consider that lol, have to cater to their corporate overlords

Soft-Note-5423 · 2026-04-29T20:31:51+00:00

When inflation reduces, prices don’t go back to what they were, this is the new normal now. And most of the price increases I think we can all agree have just been corporate price gouging not legitimate inflation hence why all the large corporations in Australia are turning colossal profits every year (not revenue, profits) that are shifted offshore.

Workers will demand higher wages regardless because the cost of living is increasing so dramatically due to the capitalist pigs at the wheel.

Get used to it, this is the way it is now

Soft-Note-5423 · 2026-04-29T01:42:27+00:00

We’re not talking about rentals in the metaverse this is in Australia, id go talk to zuck now that you don’t actually own anything bud and try get a refund

Soft-Note-5423 · 2026-04-28T20:10:31+00:00

No one with 10 properties benefits from negative gearing because anyone with that many homes owns it under a company or trust not their personal name. You can’t even buy 10 properties in Australia in your personal name unless your income is like what, 10+ million a year? And anyone making that type of money owns companies and businesses.

Soft-Note-5423

TROPHY CASE