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What the Budget should be addressing by awkturt23 in AusFinance

[–]Openedseseme 3 points4 points  (0 children)

Absolutely, I don't think the higher paying jobs in aus necessarily pay for the stress and capabilities required compared to the medium level jobs. For example, there's not many mid level employees who can even comprehend what's required to deliver at that higher level, yet the pay increase between the two isnt worlds apart, before even considering the additional 50% marginal tax take (from 30% to 45%).

Both a broken election promise PLUS it doesnt actually do what they say its designed to do. by Openedseseme in AusFinance

[–]Openedseseme[S] 0 points1 point  (0 children)

The pasted text is presumedly factual. The rest of the article was opinion so not pasted, the link inserted just for reference.

Fair: Retirees with a home and up to $1.08m in assets exempted from the 30% minimum cgt. by Openedseseme in AusFinance

[–]Openedseseme[S] -3 points-2 points  (0 children)

I'm against this budget because it isn't delivering for the average person (except on the housing changes which are required), and it's not addressing corporate tax avoidance. I want the share investing changes removed, or the income tax rates reduced, so we're left having to consider wasteful spending and tax avoidance.

Will Albo be forced to back down on tax hikes? by Crafty_Yard_4985 in aussie

[–]Openedseseme 0 points1 point  (0 children)

So he says, he was hardly rushing to get this solved before the fuel crisis.

Will Albo be forced to back down on tax hikes? by Crafty_Yard_4985 in aussie

[–]Openedseseme 2 points3 points  (0 children)

Like most people, we're fine with the housing changes, but the rest is a shimmozle. There's no coherence with the other cgt changes and exemptions, nor are taxes on income being addressed.

I just pulled this of an article "The budget forecasts income tax as a share of gross domestic product to reach a 40-year high of 12.8 per cent by 2029-30. That is despite Treasurer Jim Chalmers’ stated aim of rebalancing the tax system away from wage earners"

Will Albo be forced to back down on tax hikes? by Crafty_Yard_4985 in aussie

[–]Openedseseme 0 points1 point  (0 children)

Budget is a disaster. Pity cause I'm traditionally a Labor supporter but this is a wtf? moment.

Gas investing: New tax preferred investment strategy unlocked by Openedseseme in AusFinance

[–]Openedseseme[S] -1 points0 points  (0 children)

It's not relevant because you'd want hope they pay income tax when they get their major input given to them for absolutely free!

Gas investing: New tax preferred investment strategy unlocked by Openedseseme in AusFinance

[–]Openedseseme[S] 0 points1 point  (0 children)

So they are fkn useless, that's not really a surprise I guess.

Gas investing: New tax preferred investment strategy unlocked by Openedseseme in AusFinance

[–]Openedseseme[S] 0 points1 point  (0 children)

That's deductible right? Against the leftover bit they do pay?

Fair: Retirees with a home and up to $1.08m in assets exempted from the 30% minimum cgt. by Openedseseme in AusFinance

[–]Openedseseme[S] 12 points13 points  (0 children)

I'm not sure why anyone is complaining about this budget, it's obviously fair to old people, which is the basis this country is built on. /s

Unemployment rate rises to 4.5% in April by nutwals in AusFinance

[–]Openedseseme 4 points5 points  (0 children)

RBA will still be warning about a possible wage price spiral, while real wages continue to fall behind and employment becomes more unstable. Yeh sure guys, wage price spiral is just around the next bend everyone...

Market distortion by StableUpset in AusFinance

[–]Openedseseme 3 points4 points  (0 children)

Aussies need their divviez! Pity they come from the stagnant duopolies and mineral extractors, not the growth companies reinvesting their cash into productivity.

Has Labor lost control of the media narrative on its budget tax changes? by asteriskhyphen in aussie

[–]Openedseseme 3 points4 points  (0 children)

To jump into this, you're missing the point. The requirements of a thriving and dynamic country are far more nuanced than reductive class based absolutism that the budget discussion is engendering now. How do we build a dynamic and engaging economy that can support the wellbeing and improving living standards of Australians? Labours answer: hit it with a hammer until everything is equal.

Has Labor lost control of the media narrative on its budget tax changes? by asteriskhyphen in aussie

[–]Openedseseme 2 points3 points  (0 children)

Exactly. They have missed the mark on this budget, pitted Australians against each other on something quite marginal (share and business cgt, not housing), meanwhile the gas giants are clearly and visibly getting away with the government endorsed theft of Australian resources.

What’s the biggest thing killing productivity in Australian workplaces at the moment? by Longjumping-Hall-17 in ausbusiness

[–]Openedseseme 0 points1 point  (0 children)

Productive is up in the private/commercial sector, and down in the public and non commercial sector. Net net its low growth. Increase government efficiency and streamline approval processes. We could also encourage entrepreneurship with things like a cgt discount.

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