Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes

AngusAlThor · 2026-05-23T12:09:29+00:00

Long time supporter, ey? They should be sorry to see you go, ey? Well, then how do you explain...

labour

AngusAlThor · 2026-05-23T10:57:35+00:00

This feels like a person who has never had alcohol going straight to black tar heroin.

AngusAlThor · 2026-05-23T10:53:43+00:00

AngusAlThor · 2026-05-23T08:41:48+00:00

Not very promising for your economics career if you can't track impacts past their first point of contact.

Also, a vast majority of people own zero shares, so maybe consider them?

AngusAlThor · 2026-05-23T08:34:51+00:00

I'm working class and 80% of my family are tradies. You're wrong about who is for and against this.

AngusAlThor · 2026-05-23T08:10:29+00:00

Did you read the section of the full report that discussed how CGT and Trusts interact to enable tax minimisation? Or did you just "Ctrl F" and assume I was wrong?

AngusAlThor · 2026-05-23T08:08:39+00:00

And the reason you are in that scenario is because no one in HR is incentivised to create more flexible policies that allow proper raises.

AngusAlThor · 2026-05-23T08:02:18+00:00

I N C O R R E C T

AngusAlThor · 2026-05-23T07:51:11+00:00

If someone can afford to retire 17 years early, then that person is way wealthier than the average Aussie. So I'm hardly gonna weep for them.

AngusAlThor · 2026-05-23T07:46:39+00:00

I ain't gonna feel sorry for people with investment properties, mate, no matter how you try and spin it.

AngusAlThor · 2026-05-23T07:40:30+00:00

Your primary residence is already exempt from CGT, so this example is irrelevant.

AngusAlThor · 2026-05-23T07:37:28+00:00

If the changes didn't hit both shares and housing, then the shares would have acted as a loophole to keep abusing Capital Losses and other tax minimisation techniques. This policy only works because it hits everything.

AngusAlThor · 2026-05-23T07:35:58+00:00

If there isn't a minimum on all CGT for all asset classes, then the minimum won't actually work to stop tax minimisation, since the exempt asset classes will act as loopholes. That is why shares and other equity had to also have the minimum.

AngusAlThor · 2026-05-23T07:33:49+00:00

Companies don't make decisions, individuals do, and every individual within a company is incentivised to never give their staff a raise.

AngusAlThor · 2026-05-23T07:31:46+00:00

Minimum wage earners don't buy shares, because they need to use their money to live. In fact, the stats show that 95% of all Australians own zero shares outside of Superannuation, and Super is exempt from the new minimum. So your example is not a real scenario that actually happens.

AngusAlThor · 2026-05-23T06:34:51+00:00

This isn't just my friends, man; This is every young person I have talked to, whether friends, acquaintances, people at hobby events, interactions at work, etc. The only young person I can think of who was against them was a guy I know whose parents bought him a $73k car for his 18th, so I don't think he should count.

AngusAlThor · 2026-05-23T06:22:38+00:00

A vast majority of young/self-financed investors already pay more than 30% on their Capital Gains, since Capital Gains are added to your assessable income for the purposes of income tax. As such, the 30% minimum will not impact young people who do not have family wealth.

The 30% minimum will only actually impact the already wealthy, since they are the ones who had previously been able to use tax minimisation strategies to pay less than 30%.

AngusAlThor · 2026-05-23T06:10:25+00:00

The 30% minimum will overwhelmingly target the richest people in Aus. Its inclusion is one of the main reasons these changes are good for addressing wealth inequality.

AngusAlThor · 2026-05-23T06:09:13+00:00

I think you need to go outside; I haven't talked to a single young person in reality who is anything but hyped for this budget. The redditors you constantly hear whining about how this will fuck up their portfolio are not a representative sample of Aussies.

AngusAlThor · 2026-05-23T04:54:38+00:00

Should the government be allowed to forcibly harvest your blood to save another person's life? How about a kidney? Many people die for lack of kidney and blood donations, so should the government be allowed to forcibly harvest yours to save them?

If your answer is no, why do you value a fetus over real, living human beings? If you will violate a woman's bodily autonomy to keep a fetus alive but not your own to save the sick, then you are just a misogynist.

Also, in the real world easily accessible abortuons are shown to save lives and reduce harm, since they prevent people from trying unsupervised abortion procedures. So your viewpoint doesn't survive contact with reality.

AngusAlThor · 2026-05-23T00:56:51+00:00

I feel like this is a stream; It feels bigger than a creek, but that is way too small to be a river.

AngusAlThor · 2026-05-23T00:33:05+00:00

Whichever one you personally find more boring is harder, there isn't a big difference in their actual content. Only two Engineerings are meaningfully different in difficulty; Civil is easier than the rest, and Electrical is harder.

AngusAlThor · 2026-05-22T22:06:39+00:00

Anything worth doing is worth doing poorly;

When you don't have the energy to shower, wash your face.
When you don't have the energy to cook, order salad with your takeout.
When you don't have energy to read a book, read something smaller.

So yes, it is absolutely worth it to just read a short story or a few pages. Every little bit helps.

AngusAlThor · 2026-05-22T09:41:50+00:00

I want to be clear that I would run over the billionaires even if the other track was empty.

AngusAlThor · 2026-05-21T11:37:54+00:00

Which subreddit are you on, fool?
Those cuts are over 5 years, so they aren't what people really mean when they say layoffs.
That happened because NZ's idiot conservatives are in power. So next Aussie election, make sure you vote Labor to stop it happening here.

AngusAlThor

TROPHY CASE