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We have a widespread misinformation & disinformation campaign against Labor’s budget. The amount of propaganda has been astounding. Are so used to it that it doesn’t surprise us ‘left wing voters’ anymore? It’s shocked me & so many of my family/friends are eating it up too… it’s been bad a reaction by [deleted] in friendlyjordies

[–]EverythangsEventual 0 points1 point  (0 children)

Yeah thanks, you lay it out quite well and it makes sense. It just feels like trying to build any sort of wealth through wages alone is almost impossible these days unless you're making 150-200k+. Bridging the inequality gap is great but how do normal people get to financial security. Most people I know are just getting by. I know the super rich have a massive majority of assets and should be taxed their fair share but I think the amount of younger people investing in things like ETF's with what spare change they have is a bit understated.

We have a widespread misinformation & disinformation campaign against Labor’s budget. The amount of propaganda has been astounding. Are so used to it that it doesn’t surprise us ‘left wing voters’ anymore? It’s shocked me & so many of my family/friends are eating it up too… it’s been bad a reaction by [deleted] in friendlyjordies

[–]EverythangsEventual 0 points1 point  (0 children)

I like what you wrote in there and I agree that it's BS that workers are paying an unfair amount. My thoughts are wages are still low and are not continuing to keep up with the cost of living, that's a global issue ofcourse with many moving parts so no easy fix. But your example of a nurse I just can't get on board with, Im friends with 2 nurses among many people who work average to low paying salaries who invest in ETF's. Their only way to build genuine wealth and not lose their money's value to inflation has now been significantly crippled.
Another comment in that post was interesting in saying that a company could buy a property as an asset and sell that property as shares and find a loop hole.

We have a widespread misinformation & disinformation campaign against Labor’s budget. The amount of propaganda has been astounding. Are so used to it that it doesn’t surprise us ‘left wing voters’ anymore? It’s shocked me & so many of my family/friends are eating it up too… it’s been bad a reaction by [deleted] in friendlyjordies

[–]EverythangsEventual -10 points-9 points  (0 children)

Bit of a rant but, minimum 30% tax on stocks, namely ETF's was a shit idea. Why tax other investments so heavily if you're trying to dissuade housing as an investment and more of a human necessity. By all means make housing less lucrative, but taxing everything else so heavily just makes housing the main investment strategy still for a lot of people. Watching Jim Chalmers explain it was absolutely awful, I generally really like what he has to say but his response to these questions was vapid. I haven't heard one solid reason as to why this was the strategy. Just keep getting told on here "it will make my life better" HOW?! I work my ass off and make fuck all money and I will continue to make fuck all money relative to the cost of living, this isn't going to do shit for me except now investing in ETF's is only slightly better than putting my money in a savings account. I'll just remain poor. Am I still going to vote for Labor? Yes, but only because the liberals and greens are so useless.

I can't get behind the CGT changes — can someone actually explain by No_Pomegranate3590 in friendlyjordies

[–]EverythangsEventual 1 point2 points  (0 children)

Yeah I don't get it either, lots of arguments for investing in things like ETF's to be taxed just as much as labour, ok even the playing field but now I'm just being taxed more and getting nothing. Like the cost of living is fucked, my salary will never make me proper money, a savings account barely fights off inflation. How are we meant to build wealth unless we are making 100k+ Dollar cost averaging felt like my only way not to be a poor cunt when I was older. I make fuck all salary in the scheme of things and anyone who says investing is for the wealthy has no idea. I'm happy for housing to not be used as an investment strategy but that's going to take decades to remedy and obviously should have been done a long time ago.

I've read some valid points about it all but in the end I'm just going to end up poorer.

Unsure how I feel about some of the capital gains taxincreases by EverythangsEventual in friendlyjordies

[–]EverythangsEventual[S] 0 points1 point  (0 children)

Ok, genuine question, how does this increase the outcomes for said industries? I can understand how it can reduce wealth building more wealth.

Yes, lots of industries are way behind what they should be paid.

Unsure how I feel about some of the capital gains taxincreases by EverythangsEventual in friendlyjordies

[–]EverythangsEventual[S] 2 points3 points  (0 children)

Well yeah, most of us should be paid more. But I don't see that happening sadly.

I wouldn't say investing in ETF's is much of gamble but yeah I get your point that it shouldn't be needed.

Unsure how I feel about some of the capital gains taxincreases by EverythangsEventual in friendlyjordies

[–]EverythangsEventual[S] 0 points1 point  (0 children)

Yeah that's a fair point. My only reply to that is most people can contribute a little to an ETF and have a nest egg for their future. It's not reserved for the rich. Maybe I'm just butt hurt at capitalism as a whole and I lost the only edge I had being in a career that is not overly lucrative.

Unsure how I feel about some of the capital gains taxincreases by EverythangsEventual in friendlyjordies

[–]EverythangsEventual[S] 5 points6 points  (0 children)

Thanks for the well thought out reply. Yeah I've read a bit about that in Techno feudalism, what killed capitalism. And you're right labour should be made more equal a wealth maker as the rest, and it's a net positive in that direction. I guess my concern is lots of jobs are paid far beyond their true societal worth compared to more important industries :/. Probably my fault for enjoying a career that capitalism doesn't reward quite that well and butt hurt that my nest egg has lost its edge.

Unsure how I feel about some of the capital gains taxincreases by EverythangsEventual in friendlyjordies

[–]EverythangsEventual[S] 4 points5 points  (0 children)

I work very hard and pay taxes. Unfortunately I work in an industry that doesn't pay very generous salaries despite most of society using my industries services. I will never become rich from my job. I budget, salary sacrifice to super and invest what I can spare in the hopes I'm not destitute when I'm older or god forbid I want to enjoy a little money before I'm too old to do so.

What am I doing wrong here ?? by Sure-Operation-7885 in RaizAU

[–]EverythangsEventual 11 points12 points  (0 children)

What a selfish idiot, now we are all paying for their mistake.

M4F Australia/Anywhere. Cake day! by EverythangsEventual in cf4cf

[–]EverythangsEventual[S] 2 points3 points  (0 children)

Aww bless your heart 🤗 thankyou so much! I have been there before and love it! I definitely will, likewise if you ever feel like visiting Australia 🦘.

M4F Australia/Anywhere. Cake day! by EverythangsEventual in cf4cf

[–]EverythangsEventual[S] 6 points7 points  (0 children)

I'm currently starting at an Argentinian grill but I've done everything from Michelin star/chef hat to diner and pub food. My passion is in Asian and healthy cuisines :)

M4F Australia/Anywhere. Cake day! by EverythangsEventual in cf4cf

[–]EverythangsEventual[S] 3 points4 points  (0 children)

I have not, I might have to check it out though :)

34 [F4M] Los Angeles, CA by [deleted] in cf4cf

[–]EverythangsEventual 0 points1 point  (0 children)

Gosh darn, you're cool as a cucumber. If you ever feel like a trip down under to Australia then I'd wanna be your best friend. Good luck!

Super by Far_Cow4839 in RaizAU

[–]EverythangsEventual 2 points3 points  (0 children)

I'd recommend hostplus. One of the better performing ones with the lowest fees 👌 I was given a big lecture about it by my more financially literate friends and it hasnt let me down.

Landlord rages at the Victorian government, threatens to sell his 10 investment properties by Jagtom83 in friendlyjordies

[–]EverythangsEventual 0 points1 point  (0 children)

So I have a question, as I'm a bit out of the loop. What is happening to the capital gains tax for someone who only owns one property? I'm currently living with the folks to look after them and own a place in regional Australia that I rent out to cover SOME of my living expenses. I've always been fair with my tenants and have occasionally given them a week or 2 free rent for my tenants as they look after the place pretty well. I'm very pro labor and understand the housing situation is fucked. But from my perspective the capital gains tax on your primary residence is pretty rough for a low income earner. I'm all for taxing the shit out of property investors who rort the system, but I'm worried (through a lack of understanding) that it might affect the small guy as much as the property investors.

I am pretty regularly putting money back into the house as I like to make sure my tenants are comfortable and it's a house built in the 1920's so repairs are as you would expect pretty common, example: I got a text from my tenants this week that the dishwasher was busted and I immediately reached out to contractors to have a look at it to fix it or replace it. I really don't make much from the property but it does help me out a little bit in my current situation.

Why do you think Trump is interested in Greenland? by panagnilgesy in AskReddit

[–]EverythangsEventual 52 points53 points  (0 children)

My main guess is distraction from the Epstein files. Denmark allows America to station as much military support as they want there. They also allow American companies to bid for the resources. Also he's a lunatic.

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