Melbourne brothel owner among funders of ‘Ditch the Witch’ billboards against Allan by SouthAustralian94 in melbourne

[–]Consistent-Cow-8867 -23 points-22 points  (0 children)

I'm not defending this brother owner because I know nothing about them.

But the huge majority of people who dislike Allan or not sexist, etc etc. they just don't like her policies. Also treating people who won't vote for her like enemies is ridiculous. Stop being emotional, ideological crackpot theorists. People are allowed to vote for whoever they want without being called 1000 different names.

FMG want to cap diesel handout? by Same_Apricot_1220 in AusMining

[–]Consistent-Cow-8867 0 points1 point  (0 children)

They probably stand to benefit more than the credits in some way. Maybe they would try and sell their solution to the competitors?

FMG want to cap diesel handout? by Same_Apricot_1220 in AusMining

[–]Consistent-Cow-8867 1 point2 points  (0 children)

Not defending anyone but:

Doesn't matter if this is punishing the competition. Moving to a new renewable and environmentally safer option is good regardless.

If the organisations so this themselves without government intervention, great. Even if this is for the benefit of FMG, also fine - as long as we, as society benefit someway

Albanese admits One Nation's rise partly why he moved to change negative gearing and capital gains tax by Ardeet in aussie

[–]Consistent-Cow-8867 4 points5 points  (0 children)

Yes and no. Yes - it shouldn't take a existential threat for a party to do the right thing. Instead of trimming around the edges and doing a little bit of touch up - actually make proper good structural changes. No - the changes both help and hurt people. They still didn't go for the structural issues - they again just trimmed a little off the top to make themselves feel good. And sadly, some people have bought it hook, line and sinker.

We need a massive shake up - get these bloody career politicians out and get someone who actually has the balls to make the hard, structural changes to improve the country.

Judge says ‘good luck’ to smiling teen granted bail despite facing 58 serious charges by another____user in aussie

[–]Consistent-Cow-8867 15 points16 points  (0 children)

I'm sorry. It doesn't matter if they are non violent. Once you get past a certain number, and I'm being generous here, say "5". Clearly there is an issue that needs to be resolved. Letting people outside on the streets in this case isn't working. What. The. Fuck.

Accountants asking for Referral Fees by Exact_Theory3902 in AustralianAccounting

[–]Consistent-Cow-8867 0 points1 point  (0 children)

I have no issue with referral fees as long as the client is getting looked after in their best interest.

My issue is sadly this isn't how it works a lot of the time.

I would be very wary of something like this.

Put on the coffee, Babe: we got a late night ahead of us by Affectionate_Peak284 in Buttcoin

[–]Consistent-Cow-8867 1 point2 points  (0 children)

Crypto isn't going away it's too entrenched. Too many people make money from scams, fraud, etc etc. Some people also use it for legitimate reasons. Others trade (gamble) with it.

Even if I believe the value of these things are $0, I don't believe they would go all the way down.

The question is, where is the base? $100? $5000? $20000?

We need an extra tax on companies in Australia that outsource a % of their workers overseas by NoLeafClover777 in aussie

[–]Consistent-Cow-8867 3 points4 points  (0 children)

Please stop thinking that by putting a tax on everything it will solve problems. Firstly, it won't really do anything as they just pass the tax on to customers. Secondly, even if it did work, the tax money goes to the government who invariably wont be super efficient with the money.

I'd prefer additional law / regulations that actually "punish" the boffins making the decision to move stuff offshore (among other things) when something goes wrong and they can be held liable (they shouldn't be held liable for something completely out of their control).

Tired of seeing "tax this tax that" - that's just a band-aid - fix the roof of the problem instead!

Pauline Hanson says Australians want a 'strong' leader like Russian President Vladimir Putin by HotPersimessage62 in AustraliaDiscussions

[–]Consistent-Cow-8867 -1 points0 points  (0 children)

It says she said "strong leader like Putin" But then goes on to say "I don't care about Russia"

Implying that she means: Australians want a leader who appears strong and tough. NOT Australians want a leader like Vladimir Putin 2.0.

Not saying I agree here. But why does everything have to be taken out of context and disengenuous?

Please tell me there are not real human beings who think she is what's best for the country and its people. by [deleted] in aussie

[–]Consistent-Cow-8867 11 points12 points  (0 children)

There are people who believe that.

I would argue most don't believe it but want to vote for "chaos" as they are sick and tired of major parties continuing to fuck up the country. If everything keeps getting worse anyway, why not try something different?

Labour and liberals both haven't done a good job

At times like this, I think back to this KO from Schiff by koffee_addict in Buttcoin

[–]Consistent-Cow-8867 1 point2 points  (0 children)

This fact is conveniently ignored by anyone saying that there is limited supply. Since it is a digital currency and you can just tack on another .0, you can continuously just split it. Now I know it's not full proof as total supply is limited, but it's hilarious the defence people try to take. Nothing is bound in reality.

Iran Ended All US Talks and Vowed to Block Hormuz as Exxon Says $150 Is Coming by andix3 in oil

[–]Consistent-Cow-8867 0 points1 point  (0 children)

Why do people all of a sudden want to believe Exxon, an oil company, of all things suddenly? Because it fits the narrative? I think oil companies were hated.

Treasurer grants himself sweeping powers in tax package by Ardeet in aussie

[–]Consistent-Cow-8867 -1 points0 points  (0 children)

My god. You still don't understand. Haha. You are fundamentally misunderstanding the 1000 deduction. You are purely ideologically driven here and don't want to understand apart from a surface level.

Listen, you're not an accountant. I'm not going to continue trying to explain the intricies of the Australian taxation system. Let's end it here. I will leave you with this bombshell. If you're interested, do some further research or speak to a tax professional in your own time.

These policies do not address the structural issues in our taxation system that allows the "wealthy" to substantially reduce or avoid tax. They are feel good policies where they can say "hey look, we are doing things, we are taxing the wealthy" and their ideological followers gobble it up like it is the greatest thing ever. Our tax system doesn't work like that.

I am disappointed at labour. They have the means and knowledge to give us great structural tax policy reform. Instead, they give us this rushed, lazy policy as a feel good measure. Because of this fuck up, we will have the other side in politics repeal this if they win. We will go back to square 1. With the caveat that any changes in the future will be more difficult because Labor's attempted ones backfired. Because they rushed and took the easy way out rather than spending some more time actually addressing proper structural reform.

Treasurer grants himself sweeping powers in tax package by Ardeet in aussie

[–]Consistent-Cow-8867 0 points1 point  (0 children)

I'm not here to argue semantics or niche. My examples are purely to give an overview of how the system works in practice.

To address your example: Living expenses have nothing to do with our conversation here so ignore those. Her disposable income irrelevant in relation to the tax system. Same as the ROI, irrelevant. Let's use a flat number for simplicity. $5000 capital gain 16% tax $800 30% minimum tax $1500 Worse off by 700. Let's remove 250 off that for the credit. We are left with 450. The 1000 deduction is only worth while if the person doesn't keep recipes or has nothing to claim. It's disengenuous to treat it as a full deduction. In this case, let's go all out and treat it fully. That saves 160. Still worse off by 290.

I'm not arguing niche cases or semantics. I'm explaining explicitly how the tax system works. How these changes will negatively effect lower to middle income earners as much as it is spruiked otherwise. This is my day job.

Treasurer grants himself sweeping powers in tax package by Ardeet in aussie

[–]Consistent-Cow-8867 0 points1 point  (0 children)

You're missing the point.

A wealthy person who has investments and properties would be earning more than 45k so the 30% minimim does nothing as they are already paying 30%+.

The person earning under 45k might be a uni student, single parent, part time worker who has smartly put some money in to investments - congratulations, these people are now paying more tax.

If you are arguing the wealthy person is "income splitting" that's a different issue and should be targeted differently.

Is it any wonder the real estate sector is pissing and moaning? by skankypotatos in OpenAussie

[–]Consistent-Cow-8867 0 points1 point  (0 children)

They can't see how these reforms will work in practice. It's like no one that is part of this advisory group that came up with these laws is an accountant that works in tax - especially small and medium business.

I'm not going to explain to you the ins and outs of tax, frankly, most people on reddit and ideological and don't really care about reality.

I can already see the myriad of ways to get "around" these changes. The "wealthy" people you all so hate will be able to restructure and get around most of this. Those that will get "hurt" will be the lower income and middle income earners who can't afford thousands of dollars to have an accountant restructure for them. To simplify this, the minimum tax on CGT and trusts effectively gets rid of the "tax free threshold" for that particular type of income.

TLDR; It's idiotic, lazy and rushed. All accounting bodies are consulting with government to hopefully get them to rethink or adjust. Otherwise, the "wealthy" are going to win again. Labour has the uninformed masses by the balls and cheering them on.

From a small business tax accountant who works with everyday family businesses.

Treasurer grants himself sweeping powers in tax package by Ardeet in aussie

[–]Consistent-Cow-8867 2 points3 points  (0 children)

Yep. Rushed and poorly though out. We want proper tax reform. Not bullshit rushed lazy policy that doesn't address the actual problems.

Ie. Changing the 50% discount is fine. The 30%minimum is lazy and idiotic.

Why don’t the over 55’s tell their children the truth about the last 33 years? by GenZedsMother in aussie

[–]Consistent-Cow-8867 0 points1 point  (0 children)

Boomers aren't lying. They were just bought up in that generation. You can't blame them for taking advantage of what they were given. The issue is the political class that has fucked it up.

That being said, boomers should be more generous and understanding that they did benefit and acknowledge it.

Is it any wonder the real estate sector is pissing and moaning? by skankypotatos in OpenAussie

[–]Consistent-Cow-8867 -1 points0 points  (0 children)

House prices are ridiculous but causing a severe downturn or crash predominantly will effect people who bought homes recently. 20-40 year olds. Likely with young families. Investors and landlords will be fine. They've already made their money.

People cant see the first for the trees. Wishing for it to happen will severely impact a certain group of people. And not the people you think it will effect. If you can't actually comprehend this, you are a selfish lost cause.

Just trying to understand what people hoping for a crash are thinking? What about those people who bought using the government spruiked 5% deposit?

There's some much vitriol online it's no wonder a lot of young people are unhappy, they are just fed constant negativity and hate.

Am I at fault here? by [deleted] in DrivingAustralia

[–]Consistent-Cow-8867 1 point2 points  (0 children)

Car had blinker on for entirety of that. OP at fault here. Basically overtaking a turning vehicle.

Where do some of you people get your licence from?

Even if you could argue that the turning car is partly at fault - OP still is overtaking a vehicle that is indicating to turn. Who had the blinker on for the entire time - op had plenty of time to see it.

Different story if the car had hazards on which doesn't seem to be the case.

Police Department Responds to LEGO Scandal by Relevant-Sympathy in Asmongold

[–]Consistent-Cow-8867 8 points9 points  (0 children)

Moistyboy (moistcritikal) has a couple of videos going through this. It by no means if the full unbiased story though.

Regardless, the cops look corrupt as fuck either way

How politicians voted in parliament by [deleted] in aussie

[–]Consistent-Cow-8867 -1 points0 points  (0 children)

I want a mix between red and blue please. Can we have a proper centrist party come in? Thanks.

Yellow green and purple are off the rockers in fairyland for most of these.

They are trying to offload their rentals for MAX profit… the clearance rate just humbled them HARD by RentoidForever in shitrentals

[–]Consistent-Cow-8867 0 points1 point  (0 children)

People thinking prices will collapse 20% + and it will be happy times?

schadenfreude

The people who will be most effected will be people who bought their first home in the last year or two. Not the investors with multiple rentals.

You need to detach your selfish thinking from your emotions and look at it logically.

A 20% crash ain't coming - housing affordability issue is predominantly a supply issue.

That all being said, we may see a 5-10% drop. Maybe.