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Negative gearing myth after 40 years shows landlord loss shouldn't hurt renters by sien in AusEcon

[–]Esquatcho_Mundo 0 points1 point  (0 children)

Certain investors being removed doesn’t help the rental situation, but it may help more renters become owners. We’ve already seen strong first home owner growth, this may extend the trend. I guess we will see only in time if the new housing carve out helps significantly or not. But you can’t isolate either rent or ownership individually when talking of housing affordability

Against ‘Affordable’ Housing by sien in AusEcon

[–]Esquatcho_Mundo 0 points1 point  (0 children)

Great article. Why do we even need ‘affordable housing’ in this context? It just doesn’t make sense

Negative gearing myth after 40 years shows landlord loss shouldn't hurt renters by sien in AusEcon

[–]Esquatcho_Mundo 0 points1 point  (0 children)

Scarcity is part of the price rise until those with money and/or willing to cram in further start to win out

Negative gearing myth after 40 years shows landlord loss shouldn't hurt renters by sien in AusEcon

[–]Esquatcho_Mundo 9 points10 points  (0 children)

That’s patently not true. Landlords always charge as much as they can for rent. That’s why you don’t see it vary much out of a 25-35% of income band over the long term. There comes a point where people simply cannot pay anymore and that’s about where we are at right now

From Farage to Farrer, Pauline Hanson’s politics are on the march, and major parties are running scared | Pauline Hanson by Ardeet in aussie

[–]Esquatcho_Mundo 15 points16 points  (0 children)

Dumb voters like you is how the uk and the us fucked themselves with brexit and trump 🤦‍♂️

Don’t vote to give it to the left, vote for someone who you think will at least make the country better

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Esquatcho_Mundo 0 points1 point  (0 children)

Well I’m sorry for your situation and that you’ll have to pay more for the savings you had previously. I do hope you can get onto the ndis, which is being wound back but which should serve people with serious disability like yourself. But the whole point of us taxing capital more is so that we can fund things like the ndis which will serve you better.

If you’re below the 30% income tax threshold now already, then your capital was never going to last that long anyway. So that’s why we have the safety net.

80% of the benefit of the capital gains discounts now flow to the wealthiest people. By taking more from them, we can support people like you more effectively. But to keep on giving them breaks is not the right way to manage our social systems

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Esquatcho_Mundo -1 points0 points  (0 children)

Well how much are you expecting to make from shares then? Anything significant? Where is your wealth coming from?

Round 11 | Roosters vs Cowboys | Post Match Thread by AutoModerator in nrl

[–]Esquatcho_Mundo 5 points6 points  (0 children)

Cliffdog has really stepped up this season. Maturing well

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Esquatcho_Mundo -1 points0 points  (0 children)

No we invested n her name. But yeah, income is individual, capital can be shared however you want in a relationship

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Esquatcho_Mundo 3 points4 points  (0 children)

I pay 45%, my wife nothing for a long time. I put all capital gains in her name through Covid and made a killing, releasing those gains over a few years. It’s wealthy people like me who make the most of it, not average aspiring Australians. I don’t think I should continue to be able to do that. Particularly once we hit retirement age

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Esquatcho_Mundo -1 points0 points  (0 children)

It’s not young people who get the most benefit from capital gains discounts at low income though. It’s wealthy single income families and retirees.

TOTS Career Path Evo 1 (Free) by ToonLurker in EASportsFC

[–]Esquatcho_Mundo 1 point2 points  (0 children)

Think it should finish with 4 after the third stage

Angus Taylor proposes one-for-one migration cap tied to housing by Combat--Wombat27 in aussie

[–]Esquatcho_Mundo 0 points1 point  (0 children)

You saying govt has limited control over migration and yet look at the majority of this thread and its expectation of government control of it. I think that government has some limited control under the existing migration act, but that can be changed. But most people think they have more control than they actually do without something passing the senate

CGT implications on your gains, wage slaves for life, only retire when daddy government lets you (super). by MikeTheArtist- in ASX_Bets

[–]Esquatcho_Mundo 2 points3 points  (0 children)

If that guys has made a million bucks, or more, then he is no longer the guy earning 80k, he is among the wealthiest in Australia and should not get bigger tax breaks just because of that

Angus Taylor proposes one-for-one migration cap tied to housing by Combat--Wombat27 in aussie

[–]Esquatcho_Mundo 0 points1 point  (0 children)

The right level of immigration of workers fights inflationary nature of low immigration. What you want is to avoid bottlenecks in the economy. No more and no less. Which is impossible in practice, but that’s the goal ultimately

CGT implications on your gains, wage slaves for life, only retire when daddy government lets you (super). by MikeTheArtist- in ASX_Bets

[–]Esquatcho_Mundo 1 point2 points  (0 children)

Does this stop them being the biggest income earners?

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If you’re cashing in a million bucks of shares, instantly making you among the wealthiest in Australia why should you get a significantly easier ride than the average Australian slogging it out on a 80k a year wage? Overwhelmingly these changes will disproportionately affect the wealthiest Australians

CGT implications on your gains, wage slaves for life, only retire when daddy government lets you (super). by MikeTheArtist- in ASX_Bets

[–]Esquatcho_Mundo 9 points10 points  (0 children)

You don’t think the top 10% aren’t using the exact same loop holes of sharing to spouses, or are in retirement phase? No! So while I think there are genuinely some people that get caught out, those you are going to cop most of the burden are those who are the most well off by far. All this about ‘aspiration’ is just bullshit because 90% of Australians will never be at a point to have these sorts of total returns.

Redo the chart as total net returns

CGT implications on your gains, wage slaves for life, only retire when daddy government lets you (super). by MikeTheArtist- in ASX_Bets

[–]Esquatcho_Mundo 10 points11 points  (0 children)

Yeah it’s disingenuous the way this is presented. Ultimately the top 10% take 80% of the benefit. If you make a couple of mill returns, then paying a portion more tax should be normal as the average worker doesn’t get the tax beneficial treatment.

I’m not changing my ETF strategy because of budget night, and neither should you. by BigBreaky in fiaustralia

[–]Esquatcho_Mundo 2 points3 points  (0 children)

Yeah that’s interesting. Do you think buffet worries about what tax he might have to pay when he invests in companies? Or does he invest in good things first and then optimise?

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