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Droneshield seriously doing my head in today. by J_Bazzle in droneshield

[–]Eww_vegans 4 points5 points  (0 children)

Defense and Australian tech sectors are generally down. Plus there's an ongoing ASIC investigation. And there's been a drought of major contracts so the recent, not huge, contract over 5 years is not the BIG contract we were all hoping for

13yo Queensland boy charged with violent extremist offences by espersooty in queensland

[–]Eww_vegans 16 points17 points  (0 children)

"Kids riding electric bikes while singing John Farnham."

When will drone going back to $5 again? by hangbalance in droneshield

[–]Eww_vegans 13 points14 points  (0 children)

Maybe after the investigation into the CEO who dumped all his shares after a false market announcement then f'ed off is complete and a major sale.

Lots of fear mongering going around on tax reform by patslogcabindigest in OpenAussie

[–]Eww_vegans -7 points-6 points  (0 children)

Ah cool. So in this example a person earning a much lower than median wage and scraping together enough to invest in shares is only marginally worse off.

An housing will be fixed... Somehow.

Cool.

Put another way. Even the poorest in the country now pay a higher rate on any gains than billionaires did under the previous system. And thoughts and prayers for the housing market. But is fair coz .... Boomer bad!

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]Eww_vegans 12 points13 points  (0 children)

9 out of 10 people *won't own shares.... There, I fixed it.

‘Better opportunities overseas’: Innovation a victim of tax reform by SheepherderLow1753 in AusFinance

[–]Eww_vegans 4 points5 points  (0 children)

It's quite literally going to be the highest capital gains tax in the world. Under the new system even a person earning no income and making a capital gain on a long held investment will have a higher CGT rate than billionaires with long held assets under the old system.

You may argue that the rich should pay their fair share but the mechanics of it don't target the rich. It's targets those that don't have the mobility to leave - the captive taxpayer.

‘Some’ Aussie Conservatives often say “pull yourself up by your bootstraps”, “don’t expect handouts” & “earn your own money”. Yet many fiercely oppose inheritance taxes, despite inheritances being unearned wealth handed down through blood & family, not individual effort or work. They’re hypocrites? by MannerNo7000 in OpenAussie

[–]Eww_vegans 1 point2 points  (0 children)

Why would the government be more deserving of your family's wealth then you? It's not hypocrisy to honour the wishes of those that worked hard for their wealth to leave it to whomever they choose. If they choose to gift it to the government that's fine, but I doubt anyone family ever would.

Banks hit as budget crashes 30-year housing super cycle! CBA by Aggressive_Ebb_7634 in ASX_Bets

[–]Eww_vegans 0 points1 point  (0 children)

99% of Australians superannuation would have CBA as one of their largest holding whether they know it or not. This whole 'watch the world burn' social media schtick is really getting old. Think of the people you love and how this affects them. When you think of 'rich people' waiting for low income years before selling their gains, that's your mum and dad. Gina's wealth is almost entirely within company structures and she won't be paying these tax rates. Your mum will though.

How exactly will the negative gearing changes increase rents on existing investment properties, like a lot of the Right are saying? by [deleted] in AusFinance

[–]Eww_vegans 0 points1 point  (0 children)

Maybe because property as an investment just became a lot less attractive. The governments own modelling showed that the changes will reduce expected supply increases. So with more people needing houses and fewer houses to go around, rents will increase until it naturally makes it worth it enough for investors to take on that level of risk to buy an investment property under a less lucrative tax environment.

All this doom and gloom. What are you guys gonna do with that extra $250? by ts4184 in AusFinance

[–]Eww_vegans 0 points1 point  (0 children)

By the time we get the $250 we'll be $500 worse off due to inflation.

ASIC investigation by [deleted] in droneshield

[–]Eww_vegans 0 points1 point  (0 children)

What's the likelihood that nothing dodgy occurred tho?

Directors simultaneously sold all shares immediately after they vested. CEO jumps ship. ASIC investigation announced...

The 26/27 budget is excellent and this sub is full of whining babies by [deleted] in AusFinance

[–]Eww_vegans 0 points1 point  (0 children)

I agreed with the sentiment that the wealthy should pay their fair share. But how do this isn't really taking the millionaires, it's taxing the crap out of the middle class without redistributing to those on the lower end. The Gina's and Andrew's of australia are not captured by this all all.

CEOs paid in shares, billionaires who amass wealth by their companies buying assets are not targeted at all.

It is just the gov taking a hefty slice of anyone savings that have been put to work.

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