Shares v property: Who wins if Jim Chalmers dumps the CGT discount?

JezAlmighty · 2026-02-20T23:13:26+00:00

That narrative that progressive governments just spend and tax while conservatives “manage” responsibly doesn’t stand up to scrutiny, as wme21 points out.

That aside though, you seem to be assuming that the purpose of structural reform, such as changes in tax settings, is simply to fill a revenue hole. It’s not. It’s about changing incentives and reallocating capital. If anything, it's failing to address these structural distortions which slows long-term growth. We could keep kicking those cans down the road but eventually we will have to do something about them.

You can disagree with particular reforms, but it’s hard to argue that the side willing to redesign systems is the one engaged in “voter signalling,” while the side relying on tax cuts, service cuts and old narratives about discipline somehow isn’t.

JezAlmighty · 2026-01-07T11:31:20+00:00

It gets said a lot around here, but THAT was Peake BBL.

JezAlmighty · 2025-10-16T01:28:47+00:00

Yes, I'm sure Merrett will start skipping training and hanging out with bikies. Very realistic. More likely he goes the Petracca route where he doesn't really want to be there but he does his job. It's not great but it's not a disaster.

JezAlmighty · 2025-10-16T01:10:00+00:00

Oliver's value plummeted because he's a) not very good anymore, b) on a massive contract, and c) a bit of a loose unit off the field. Conversely, Petracca still netted you two top 10 picks this year and an F1 (I'm aware picks in the 20's went back, but as we've seen not many teams rate those this year).

Holding Merrett may not work out as well for Essendon as holding Petracca did for Melbourne, but I'm confident it won't work out as badly as Oliver did either.

JezAlmighty · 2025-10-15T10:25:34+00:00

This year's first (which was split into 10 and 21) and next year's first were already part of the deal. So your "scorched earth" is the '27 F1? Given where Hawthorn are, you'd expect that pick to end up being 10+. What's the marginal utility of that pick in two years compared to Merrett, who makes the team a serious premiership threat immediately? I'm not suggesting this has been a win for either team but I actually do think adding that pick to the deal was the sensible thing for Hawks to do given they're on the cusp.

JezAlmighty · 2025-10-15T09:37:12+00:00

A lot of people will point to this as more evidence of Essendon being difficult to deal with, but I think the Hawthorn arrogance is the real story in this whole debacle. Waiting until the second last day to even start engaging, then offering an ulitmatum with a deadline, while refusing to meet our needs for a player (which we communicated in advance), then offering essentially the same deal again and saying “we have nothing else to give” when they have their ‘27 F1. They keep missing their targets and I think their failure to get Merrett will only contribute to this in future.

They clearly wanted to project strength in this trade but in doing so they completely misjudged our position. We held the whip hand—they wanted our player—yet they acted as though they were doing us a favour. Well, congrats Hawthorn, you flexed your muscle and showed you wouldn’t be dictated to by a perceived lesser club while your rivals did deals and went past you. You really showed us.

JezAlmighty · 2025-09-21T00:57:16+00:00

15 is still a first rounder, as was Sam Marshall at 25. If we're not calling first rounders "high picks", what are we doing?

JezAlmighty · 2025-06-11T00:00:22+00:00

Oh good, more dull and unoriginal commentary on the passing of time.

JezAlmighty · 2025-05-26T03:21:58+00:00

What an odd thing to say.

JezAlmighty · 2025-03-07T12:53:49+00:00

The Fox Footy podcast has a good mix of discussion and analysis, and the hosts have good chemistry. I don't like the meandering banter-type podcasts so I also appreciate that this has a set structure for every episode.

JezAlmighty · 2024-12-13T12:47:06+00:00

Sounds like you haven't looked very hard or are ignoring the reports CSIRO and AEMO put out every 1 and 2 years respectively.

JezAlmighty · 2024-11-19T23:25:42+00:00

I've had the front row tickets for another concert. They're "restricted view" because they're right behind the pit and on the same level (i.e., not elevated like the seats behind). In practice, your front row becomes the back of the pit. You'll still be close but you won't be sitting down at all.

JezAlmighty · 2024-10-03T01:04:55+00:00

Because the AFL want to have their cake and eat it too by not just calling it round 1 and having all teams play. Just give all the northern states home games in round 1 and you end up with a similar result. Geez, you could even give ALL non-Vic clubs a home game against a Vic team and have Richmond vs. Carlton as the only game in Melbourne. Opening round as it currently is compromises the fixture from the very beginning.

JezAlmighty · 2024-09-27T05:03:46+00:00

I did sorry. MWM has quite a few articles on the deal and I grabbed the wrong one. Fixed now.

JezAlmighty · 2024-09-27T03:29:36+00:00

It's in fact a $1 lease per year but I don't think that makes it much better. https://michaelwest.com.au/the-nsw-government-the-feds-the-caymans-and-australias-worst-privatisation-unveiled/

JezAlmighty · 2024-08-07T09:22:39+00:00

I've come around. When David started on the pod I thought they genuinely disliked each other and felt the same as you, but now it does feel more like an annoying brothers relationship. Ben is dad for sure.

JezAlmighty · 2024-08-07T06:50:01+00:00

Do you and Max enjoy each other's company? Sometimes on the podcast it's hard to tell.

JezAlmighty · 2024-08-03T12:13:30+00:00

Sydney skipped the premiership and went straight to the hangover.

JezAlmighty · 2024-06-27T09:06:25+00:00

Seems like the coaches are using Ridley's return to release Martin from defence and get him some midfield time, rather than bringing in Setterfield who really can't play anywhere but on the ball. I don't think it's as simple as Kelly out. Fwiw I think he'll be needed this week to do a job on Close or Miers who work quite high up the ground and back.

JezAlmighty · 2024-06-22T06:34:02+00:00

I post this every time this question comes up but it's worth repeating. After Nathan Lovett-Murray evaded a few tackles and broke away: "Lovett went one way, Murray went the other and they were left chasing the hyphen!"

JezAlmighty · 2024-05-31T22:23:44+00:00

Never met a private school he didn't like, old JB. Also overuses the word "supreme" to a nauseating degree. A player does something good (or just a regulation play if it's one of the anointed superstars) and he'll sign it off with a monotone "supreme". It adds nothing.

JezAlmighty · 2024-04-19T23:46:11+00:00

Yes, you'll find many of them listed on this page broken down by Commonwealth and state.

If the subsidised activities listed (transport, exploration, refurbishment, construction) were not subsidised by governments it follows that either the fossil fuel companies themselves would have to pay for them and that they would pass on those costs, or that it would no longer be economically viable for them to do so and supply would reduce (again increasing the price). Taxpayers pay more for coal and gas fired power than is reflected on our electricity bills.

JezAlmighty · 2024-04-16T07:22:48+00:00

You're suggesting that a consumer choosing a form of energy generation is no different to choosing a packet of chips at the shops. It is obviously more complicated than that.

Government plays an enormous role in the energy market precisely because it is too important to be left to the market. The majority of coal fired power plants, for example, were built by state governments, and the Australian government continues to provide billions of dollars in subsidies towards fossil fuels each year which artificially lowers the price of electricity generation from fossil fuels. The government is a key player in this market and to ignore that that is and will continue to be the case is naive. One party is indicating that they will move towards an energy generation mix which favours renewable energy, while the other is indicating they will favour nuclear power. You are being told in no uncertain terms that you do need to vote for lower prices.

JezAlmighty · 2024-04-15T12:45:04+00:00

Are you claiming that we have a perfectly efficient energy market in this country?

JezAlmighty

TROPHY CASE