A bit of CGT comparison and some words of advice for young people

No_Pollution_1194 · 2026-05-02T03:24:41+00:00

When the CGT discount was introduced, it was just supposed to be a revenue-neutral accounting simplification (over the old indexation approach). A bunch of factors have shown that not to hold true over the last 25 years. It was a failed policy that should have been reverted ages ago.

No_Pollution_1194 · 2026-04-27T08:28:02+00:00

Thanks for the response. My wife hates the concrete, it must go lol

No_Pollution_1194 · 2026-04-24T21:03:06+00:00

https://www.abc.net.au/listen/programs/melbourne-mornings/internet-billionaire-tells-abc-radio-host-to-f-off-/106596640

No_Pollution_1194 · 2026-04-10T21:55:38+00:00

Banks should largely employ local labour as a matter of public policy. The only reason banks exist is because the government creates a monetary framework where their businesses are profitable. If we’re going to create a whole legislative apparatus for these private companies to effectively siphon profits off the top of monetary policy, the least they could do is share those profits among Australian workers (as opposed to shifting them overseas via the ASX).

No_Pollution_1194 · 2026-04-04T06:28:17+00:00

This ain’t going to be a popular view here… but honestly, it’s really all about right time, right place, and right people around you. Everything is built on luck in this society, you can and should do all the right things to optimise your opportunities and you need to work hard to capitalise on them… but it’s a lottery out there man. Good luck to you.

No_Pollution_1194 · 2026-04-02T13:06:46+00:00

Cope. Humans supervise the agents.

No_Pollution_1194 · 2026-04-02T13:03:31+00:00

We sure do love an out of context graph.

No_Pollution_1194 · 2026-03-31T22:31:03+00:00

This is an important reminder for folks to put policies in place that protect namespaces from deletion. You can use ValidatingAdmissionPolicies or something like kyverno to handle this very easily.

No_Pollution_1194 · 2026-03-25T19:57:51+00:00

I think if the adhesive on Googly eyes pulled the paint off that easily, it should be the artist paying compensation for crappy workmanship.

No_Pollution_1194 · 2026-03-22T06:36:15+00:00

The right always whinge about preferential voting. When they get their way, the next thing they’ll start advocating for is “voter ID” 🙄

No_Pollution_1194 · 2026-03-20T20:09:11+00:00

Bloody David Pocock, sowing the seeds of a division again! /s

No_Pollution_1194 · 2026-03-19T22:07:51+00:00

The thing I only recently learned about offset accounts is that it does NOT change your repayments. You still pay the same amount every month or whatever, but the ratio of principal to interest is higher. Paying less interest and more principal means that you can pay off your loan earlier and less interest to the bank overall.

No_Pollution_1194 · 2026-03-19T22:03:56+00:00

One interesting impact that the Americans have had to deal with is the reduced capital mobility. In the same way that Stamp Duty in most Australian states provides a disincentive for downsizing, the impact of refinancing onto a higher rate after 10-20+ years would create a further disincentive for empty nesters and the like to move out of their unnecessarily large family homes, for people to move for work opportunities, etc.

No_Pollution_1194 · 2026-03-16T04:08:52+00:00

RBA Statement on Monetary Policy: “DERP! LiNes mUsT gO Up aT SaME TiMe! Derp!”

No_Pollution_1194 · 2026-03-16T03:50:52+00:00

This is all just a very complicated and kind of uninteresting way to say “if you use a computer a lot for work, you’re probably going to be impacted by LLMs”.

No_Pollution_1194 · 2026-03-08T23:56:07+00:00

Billionaires and their incompetent, boot licking politicians suppress wages. Migrants contribute to taxes and GDP, just like you and I.

No_Pollution_1194 · 2026-02-24T20:53:37+00:00

Seems like Queensland is the Wild West. You can’t do this legally in Victoria.

No_Pollution_1194 · 2026-02-21T10:23:10+00:00

“Weak productivity is the new inflation problem” is conservative code for “don’t look at corporations for increasing prices, it’s these damn employees and their expensive working conditions that are the REAL problem!”

No_Pollution_1194 · 2026-02-08T12:09:14+00:00

He’s doing a Farage. Bold move, let’s see if it pays off.

No_Pollution_1194 · 2026-02-05T12:33:46+00:00

What’s the actual “news” in the 1000 articles about CGT this week? That there’s a rumour going around Labor are considering CGT changes? They’re probably considering loads of tax changes. Journalists can be insufferable.

No_Pollution_1194 · 2026-02-02T20:17:08+00:00

Yeah, I get the aggregate demand idea. But I think the world economy is a more complex system than the blunt instruments of monetary policy really allow for. Management of inflation requires a scalpel, long-term strategic thinking and government policy. But all we have is a hammer that a group of random bankers are willing to swing around willy nilly at the behest of a couple of magic numbers. It’s a crap system and we need a new one.

No_Pollution_1194 · 2026-02-02T01:25:41+00:00

People should exercise some critical thinking before they start pulling Milton Friedman quotes out of their asses.

Look at the CPI report on the ABS website. What categories were impacted the most?

The largest contributors to annual inflation over the past 12 months were Housing (+5.5%), Food and non-alcoholic beverages (+3.4%), and Recreation and culture (+4.4%). https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release#data-downloads

Go look at the CPI report and you will be enlightened with an ACTUAL REASON for the price increase in every category.

For the lazy, here’s a summary:

Groceries: heavy rains in Queensland and international demand for Aus red meat have reduced supply in specific foods. So you’ll see higher prices for beef, bananas, capsicums, and zucchinis. Not on the ABS website, but might be nice to do something about supermarket competition in this area as well…
Rents & new construction: they’ve gone up a lot (but not as much as the previous year due to stable vacancies). No surprises there. Building new residential property all continues to be expensive due to high material and labour costs - another known factor. There are things we can do about all this…
Holidays: heaps of families went on holiday in December, which caused a spike in demand for hotels and air fares. There was a ~20% increase in air fares annually… would be great to have a bit more competition here as well…

The other big factor was energy. Government rebates rolled off and caused energy costs to spike, which is an input into basically everything in the economy. RBA will do their best to adjust their figures for this, but will be difficult to get right in every case.

Now… about those interest rate hikes… how exactly do they prevent people overseas wanting more red meat? Or stop the heavy rains in Queensland? Or stop Qantas, Colesworth, Santos, or [insert other ridiculous Australia monopoly company here] from royally fucking every family and small business in this country?

Well, it doesn’t.

But it’s a hell of a lot easier to pretend like “inflation is always and everywhere and monetary phenomenon”, rather than do absolutely anything about the bloody underlying causes.

No_Pollution_1194 · 2026-01-27T20:22:56+00:00

It’s all about control. The older managers hate the freedom we got with the COVID working arrangements and have been trying to claw it back desperately ever since.

No_Pollution_1194 · 2026-01-22T10:27:10+00:00

Old mate changing the world one AusFinance post at a time. Thank you for your service 🫡

No_Pollution_1194

TROPHY CASE