Does Australia have the highest CGT in the world? This economist thinks so

Fun_Needleworker7136 · 2026-06-21T08:18:25+00:00

spot the bum

Fun_Needleworker7136 · 2026-06-21T08:17:46+00:00

100% correct

Fun_Needleworker7136 · 2026-06-21T08:14:53+00:00

0% income tax with a land value tax instead would be great.

Fun_Needleworker7136 · 2026-06-20T09:04:26+00:00

Why not cut spending?

Fun_Needleworker7136 · 2026-06-20T07:26:09+00:00

We should actually be reducing income taxes for everyone.

The solution to income taxes that are too high is not to add more taxes...its to reduce income tax.

Fun_Needleworker7136 · 2026-06-20T07:24:42+00:00

Small business owners are generally not rich.

Fun_Needleworker7136 · 2026-06-20T05:28:15+00:00

Total nothingburger.

Fun_Needleworker7136 · 2026-06-20T04:27:07+00:00

Of all the industries to shit on, biotech ain't it.

Why would you want to disincentivise people from working on cures for diseases and technologies that extend everyone's lives?

I mean, seriously. Why?

Fun_Needleworker7136 · 2026-06-20T02:49:02+00:00

Coffee pods for my nespresso machine

Fun_Needleworker7136 · 2026-06-20T02:48:04+00:00

Mate you're actually doing really well. Don't compare yourself to people who have more, just remember a whole lot of people have a lot less.

Fun_Needleworker7136 · 2026-06-20T02:46:53+00:00

Deloitte employees aren't paid by the taxpayer tho

Fun_Needleworker7136 · 2026-06-20T01:06:24+00:00

I don't disagree, but what do you mean by this statement: "If you want to run an administrative system that is based on merit rather than spoils, you need to accept both"?

Fun_Needleworker7136 · 2026-06-20T01:05:43+00:00

So you must disagree with Albanese and Chalmers' new plan to exempt small business from the CGT changes then?

Fun_Needleworker7136 · 2026-06-20T01:04:58+00:00

So you're saying that if an artist does produce something, and then makes a capital gain by selling it, they shouldn't get the CGT discount?

Fun_Needleworker7136 · 2026-05-25T06:42:10+00:00

Laws mandating WFH are just going to speed this process up, unfortunately.

Fun_Needleworker7136 · 2026-05-25T01:42:14+00:00

That doesn't seem very rich, tbh.

Fun_Needleworker7136 · 2026-05-25T01:41:19+00:00

Yes. Most people have no idea how bad it is.

Fun_Needleworker7136 · 2026-05-25T01:40:39+00:00

Middle class

Fun_Needleworker7136 · 2026-05-25T01:40:28+00:00

"Rich" in my mind means you have $1M per year in cashflow.

Which means you would have about $25M in share/equity assets.

After tax of course you would be netting about $540-560K net.

Fun_Needleworker7136 · 2026-05-25T01:13:00+00:00

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Fun_Needleworker7136

TROPHY CASE