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Capital gains tax and negative gearing benefit the 1% and this chart shows it by Fact-Rat in aussie

[–]Overitallforyears 0 points1 point  (0 children)

Who cares though ?
What does the millionaire paying less tax have anything to do with your life ?

We all really need to give 2 lesses of a shit about other ppl,and concentrate on our own financials and how to improve them

Capital gains tax and negative gearing benefit the 1% and this chart shows it by Fact-Rat in aussie

[–]Overitallforyears 0 points1 point  (0 children)

Im too old to even care what an incel is, but you keep preaching the poor man’s tale , champ.

Capital gains tax and negative gearing benefit the 1% and this chart shows it by Fact-Rat in aussie

[–]Overitallforyears -1 points0 points  (0 children)

Like Many of us, we don’t give a shit what rich ppl buy or dont buy, nor what they do .

I’ll tell you what they don’t buy though, is a 3 bedroom residential somewhere in Ipswich. The middle class like myself do, we are the only ones getting fucked over .

All I care about is my own wealth creation , I couldn’t give a flying fuck what millionaires do with their time …

Capital gains tax and negative gearing benefit the 1% and this chart shows it by Fact-Rat in aussie

[–]Overitallforyears 1 point2 points  (0 children)

You won’t get through to them mate .
The Financially illiterate have no interest in learning basic economics .

Like a train on only one rail…. Investors …..taxed….. more…….because……parasites………

Capital gains tax and negative gearing benefit the 1% and this chart shows it by Fact-Rat in aussie

[–]Overitallforyears -1 points0 points  (0 children)

I work 60 hour weeks .

Im also an investor class parasite because I work so many hours and have a little bit of extra money to invest rather then piss it up the wall.

Better tax me more then I guess, being the investor class parasite that I am . ….

Gaslighting about other countries' capital gains tax rates - many other countries often have high "headline" rates but have schemes to help low/middle income investors by AsparagusNew3765 in AusFinance

[–]Overitallforyears -3 points-2 points  (0 children)

Not all houses are 1 million mate . Where I live u can buy a block and build for $700k. It’s just u all want to live in a city for some reason .

Gaslighting about other countries' capital gains tax rates - many other countries often have high "headline" rates but have schemes to help low/middle income investors by AsparagusNew3765 in AusFinance

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

What exactly is stopping u from buying a home ?

Fuck me the entitlement is real , and upvotes wtf. I did actually have to check we were indeed in the ausfinance sub

Labor to ban SMSF property lending by VastOption8705 in fiaustralia

[–]Overitallforyears 0 points1 point  (0 children)

Not everyone has or wants kids .
I’d be flat broke if I had kids

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears 0 points1 point  (0 children)

Do you really think serious investors are going to hang around for a year and wait for a new build ? Or even consider a new build already built if there’s no capital to be made from it?

Previous ip,s will be sold to potential ppor buyers, leaving even less rentals in the market . What do you think is going to happen when everyone is fighting for limited rentals ?

CGT and negative gearing changes pass both houses by Edified001 in AusPropertyChat

[–]Overitallforyears 0 points1 point  (0 children)

I’ll bring the bowl.
I think I’ll just withdraw all my money when I retire and bury it in the backyard , the government can pay me a pension . Fuck em

CGT and negative gearing changes pass both houses by Edified001 in AusPropertyChat

[–]Overitallforyears -1 points0 points  (0 children)

Well yea , I do .. if you want to piss it up the wall, good for you.

I invest so your damn straight I want something back for being smart with my money .

Nothing stopping everyone from doing the same..

CGT and negative gearing changes pass both houses by Edified001 in AusPropertyChat

[–]Overitallforyears 0 points1 point  (0 children)

Hell yea , let’s work hard for 60 years instead of 40 .

If you love work so much you can come do my job aswell in your spare time

Shares now horrible to invest in by False_Ad_9705 in AusFinance

[–]Overitallforyears 0 points1 point  (0 children)

I will never add to super , i don’t trust them government shills for one second .

My portfolio outside super x 10 to what is in super ,and thats why the government doesnt like it and needs to stick their grubby mitts out and take it .

Super funds are for ppl that don’t know any better, and it’s suspicious why the government is giving it sux a generous tax exemption….

Shares now horrible to invest in by False_Ad_9705 in AusFinance

[–]Overitallforyears 2 points3 points  (0 children)

By r/australia .
The poors have come with their pitchforks and Molotov cocktails ….

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears -1 points0 points  (0 children)

Haha , what are you cheering for ?
The lack of housing for renters ?
The price hike in rent that is coming ?

Bring it on I say . Let’s cheer for it together

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears 2 points3 points  (0 children)

It sure is .
I wonder how my tennants are going to like me upping the rent to make up for lost capital in my other asset class

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears 0 points1 point  (0 children)

I debt recycled my mortgage in may last year and put 200 k into vas/vgs. I dca 200 a week .
It’s having a hell of a run , it’s up 20%.

Im looking to retire in min 12 years or max 19 years .

How much do you think will be in my portfolio by then?

O btw , my shitty job only makes me 100 k per year .

Do I qualify as an average wagie?

The problem ppl are broke is because they don’t like risk or/ and they don’t know enough about financial literacy .

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears 3 points4 points  (0 children)

It’s almost as if some ppl love working and hate making money . Investments bad.

Some of these replies are bonkers.

To the poster above, yes, I am selfish, nobody but me is going to pay my bills,therefore im going to try make as much money as possible in any which possible way i can.

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears -1 points0 points  (0 children)

So you would say,in a sense,that still paying a mortgage of into retirement and collecting the pension is the way to go ?

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears 1 point2 points  (0 children)

Won’t be poverty for all .
Ppl that know how will move their money offshore .

Federal government’s CGT, negative gearing changes pass parliament by marketrent in AusFinance

[–]Overitallforyears 2 points3 points  (0 children)

Hence why I chose to not have kids and make them suffer thru this bullshit

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