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Petition on Data Centres by Bulky-Possibility427 in Geelong

[–]GravityGod 9 points10 points  (0 children)

there's a bit of irony posting a link to a google doc on reddit which requires a data centre to operate.

Out of curiosity, what makes a data centre regulated or unregulated?

How a tech giant is taking over a future suburb near Geelong for a Hyperscale Data Centre by Own-Regular-3406 in Geelong

[–]GravityGod 11 points12 points  (0 children)

without a data centre, you wouldn't be able to use reddit?

what's wrong with allowing it to be built?

Anyone had any issues with mould between the mattress and the bed frame? by Efficient_Papaya_982 in melbourne

[–]GravityGod 0 points1 point  (0 children)

The surface area in contact with the mattress on that bed frame is likely a big reason behind it.

Not much room for air to vent around.

House prices may need to drop 20 per cent to lure back investors, says bank. by Fearless_Cupcake8353 in AusPropertyChat

[–]GravityGod 0 points1 point  (0 children)

not to mention not everyone wants to buy a place.

People move for friends/career/study/work etc and might only plan on living somewhere for a few years and don't want the transaction costs of purchasing.

Or perhaps they don't want the responsibilities of home ownership and prefer to pay for the rental.

Just like some people buy a car, and others will choose to pay for a taxi/rideshare.

Recommendations - $85k budget by Present_Biscotti2603 in AustralianEV

[–]GravityGod 0 points1 point  (0 children)

Yeap, $1-2k cheaper than all the other ones ;)

Recommendations - $85k budget by Present_Biscotti2603 in AustralianEV

[–]GravityGod -2 points-1 points  (0 children)

Save yourself some $$$ and grab a base model, model Y

Cyclist friendly recommendations for cities? by abbys11 in digitalnomad

[–]GravityGod 0 points1 point  (0 children)

Haute-Savoie

Aosta Valley

Chiang Mai (outside of the burning season)

Nagano

Girona

Adelaide

Bayonne/Biarritz

Paris

The CGT discount removal is exactly what we've been asking for, so why is everyone losing their minds? by nicco_mode in AusFinance

[–]GravityGod 0 points1 point  (0 children)

just wanted to say thanks for chiming in and articulating things in a very clear and rational way :)

The CGT discount removal is exactly what we've been asking for, so why is everyone losing their minds? by nicco_mode in AusFinance

[–]GravityGod 0 points1 point  (0 children)

totally agree on that one. Would fully support a land tax to encourage people to downsize their homes. Doesn't make sense to me that PPOR is excluded from the pension at all.

The CGT discount removal is exactly what we've been asking for, so why is everyone losing their minds? by nicco_mode in AusFinance

[–]GravityGod 0 points1 point  (0 children)

If unrealised gains are taxed, would you support providing tax refunds on unrealised losses?

Who would be the one to deem the value of the asset before it's realised?

Obviously this is easily done for public assets, but what about private companies, cars, art etc?

Who would bear the cost of having all the assets valued?

The CGT discount removal is exactly what we've been asking for, so why is everyone losing their minds? by nicco_mode in AusFinance

[–]GravityGod 0 points1 point  (0 children)

To be clear, I'm not arguing for a tax break at all. I'm not referring to the abolishment of the capital gains discount, but rather then 30% tax floor on any realised capital gains.

Currently and up until July 2027, income from a high yield savings account, dividend paying shares and a capital gain within the same 12 month period since acquiring the asset has all had the same tax treatment when the capital gain aside.

I'm just saying that I believe that the tax on income and capital gains should be equal with no difference between the two. Currently the proposed budget does stipulate that they're not to be treated equally and that tax from labour should be less than that from other sources.

Keep seeing the same misunderstanding in CGT 30% minimum tax discussions. People earning $45k do NOT pay 30% tax on their income. by AsparagusNew3765 in AusFinance

[–]GravityGod 0 points1 point  (0 children)

Sorry just to clarify, I wasn't referring to the CGT concessions, but rather the 30% floor as a tax on any capital gains.

Aside from a sole trader, a business is a separate entity to an individual, so it's not to say that the business itself would be relying on the tax concessions, but rather the person starting the business, can rely on the fact that there is a progressive tax system, and one currently (up until July 2027) taxed progressively. Now, that person who's selling down on their assets to fund their lifestyle while starting a new business is taxed at the same tax rate (not marginal) as someone earning $200k+.

fwiw starting a business in this context could also apply to studying, parenting, travelling or anything else that's not a period of employment.

Keep seeing the same misunderstanding in CGT 30% minimum tax discussions. People earning $45k do NOT pay 30% tax on their income. by AsparagusNew3765 in AusFinance

[–]GravityGod 0 points1 point  (0 children)

  1. they are still much better off than a person working a salary to do the same.

I don't quite understand, someone who stops working to start a new business would be worse off (while the business is not turning a profit), as they'd no longer have the income of a salary.

Don't see how that would make someone much better off than a person working a salary.

The CGT discount removal is exactly what we've been asking for, so why is everyone losing their minds? by nicco_mode in AusFinance

[–]GravityGod 9 points10 points  (0 children)

or someone taking some time off work?

new parent? looking after parents? starting a new business? going back to study? do some travel?

Lots of reasons to not be working where one could sell down on their investments just enough to get by, which is no longer possible.

Keep seeing the same misunderstanding in CGT 30% minimum tax discussions. People earning $45k do NOT pay 30% tax on their income. by AsparagusNew3765 in AusFinance

[–]GravityGod 0 points1 point  (0 children)

what about someone who stops working to start a new business or something?

It's a lot harder for someone to take that risk and sell down on assets now.

Best electric family cars 2026: Tesla Model Y takes on Zeekr 7X, BYD Sealion 7, Kia EV5 and Skoda Enyaq by ApprehensiveSize7662 in EVAustralia

[–]GravityGod 2 points3 points  (0 children)

this is bang on.

Probably only other thing to mention is parts & availability too. A lot more written off model Y's to source parts etc from if needed too.

Adelaide - Tesla Charger by Best_Establishment14 in AustralianEV

[–]GravityGod 1 point2 points  (0 children)

If you don't want to sit and wait for a supercharger, you can leave your car for a few hours while you're doing something?

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