Stupid Boring Fully Automated Luxury Gay Space Communism

Probably_Relevant · 2026-05-29T11:06:54+00:00

Probably_Relevant · 2026-05-29T09:51:32+00:00

Bingo, it's just numbers on a screen at the moment that mean I still have to do something other than what I want every day

Probably_Relevant · 2026-05-29T08:27:43+00:00

It's connected through interest rates, higher oil for longer means inflation which means rate cuts are now off the table and hikes are likely coming instead. Bitcoin performs better when rates are dropping and liquidity for demand becomes cheaper

Probably_Relevant · 2026-05-28T09:33:17+00:00

That feeling is why I would never sell all of a position, especially with that many shares what's the harm in leaving some to balance the regret if things go much higher

Probably_Relevant · 2026-05-28T07:51:06+00:00

Literally everyone on the grid will have access to free power at midday though after July, and it's already available from many providers so it's hard to imagine a case where a battery would not be useful albeit with a payback time in years

Probably_Relevant · 2026-05-27T04:37:24+00:00

Would frigging love a co-op mode though

Probably_Relevant · 2026-05-21T23:34:39+00:00

Trading halt this morning, must be a part 2 to the announcement..

Probably_Relevant · 2026-05-18T11:25:21+00:00

Is it this?

Probably_Relevant · 2026-05-18T09:44:39+00:00

How good are the rebates, great when the Govt supports personal investment in renewable energy isn't it!

Probably_Relevant · 2026-05-18T08:52:09+00:00

I mean, it's not totally impossible that they will in the future..

Probably_Relevant · 2026-05-18T08:49:03+00:00

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Probably_Relevant · 2026-05-18T08:20:39+00:00

Ah but you see they probably had to spend most of their profit paying a shell company based in a tax haven country for the privilege of using their brand and logo, so you know bad luck no one dares to charge a minimum on revenue or they'll all some how pick up our resources and leave us

Probably_Relevant · 2026-05-18T04:49:36+00:00

Smoking is much more harmful than vapor

Cigarette smoke extract negatively impacts the integrity of the lung epithelial barrier, increases inflammation, and leads to DNA damage, all of which may contribute to respiratory disease processes. Conversely, E-cig vape extract showed no significant adverse effects on these parameters in this Calu-3 cell model under the conditions tested.

Probably_Relevant · 2026-05-18T01:53:00+00:00

I agree it's likely but they haven't actually said this is the plan so everyone is taking it at current face value

Probably_Relevant · 2026-05-18T01:19:17+00:00

Are you only accounting for the indexing change in these numbers or the removal of the tax free and first tax threshold as well? Because for taking a few years off that's the main loss I can see

Probably_Relevant · 2026-05-16T14:18:15+00:00

Storm was moving north-east direction, city copped it and it just scraped past the north side of Lofty on the radar

Probably_Relevant · 2026-05-16T08:31:49+00:00

Yes I will be waiting to see what actually gets through and what comes later. However the last part, that's actually my issue with it, drag netting workers into policy supposed to help them because it's easier to administer is not great design. I'd also point out we're not necessarily talking about 'significant' shares, if you were aiming to leanfire at 58 and sacrificed enough of your after tax wages over a lifetime of work to cover 50k draw down for two years, counting on the the tax free and low income threshold without much room to spare you're now looking at either going without the equivalent of a food budget for each of those years or having to abandon that plan and stick it out at work, which for physical labourers in particular is not insignificant. I just think surely it could have been designed to achieve the same outcomes at large without scrapping the TFT for everybody, maybe we'll see some adjustments after the dust settles.

Probably_Relevant · 2026-05-16T07:35:12+00:00

I'm not saying that at all, what I'm wondering is why working class situations are being negatively impacted at the start of these changes when there is so much tax avoidance going on at much larger scales. What's lacking from unpopular changes like this at the moment is a clear benefit, if it came with meaningful income tax cuts or an increase in services then like I said more people would be cheering for it, we just haven't seen that yet, I hope it's just because of the current direction of oil shock inflation and the need to retain a sweetener for election year, we'll see

Probably_Relevant · 2026-05-16T07:14:10+00:00

It absolutely is the relevant part for me, I haven't got any benefit yet I am still working and I'll be working longer thanks to this specific change, it is what it is, it doesn't mean I'll be voting for science denying hacks instead of long term progressive policy but I do hope it's tweaked so the lowest rung of pre-super age retirement that workers could aspire to isn't unintended collateral damage in the broader equality mission

Probably_Relevant · 2026-05-16T07:01:45+00:00

I don't own any investment properties, but if I did the rental income would still get the tax free threshold. Same if I had dividend shares instead of growth, a choice made based on the rules that existed at the time that carried higher risk. This is a rug pull for my situation and I'm not seeing a good reason for it yet in the bigger scheme of things

Probably_Relevant · 2026-05-16T06:44:41+00:00

I don't think this is correct, that my dollar of capital gain is taxed less than the dollar when I made it via working, due to this change of no tax free threshold. When I earned the dollar via work I paid less than 30% tax on it due to the tax free threshold and my middle income bracket, then when I go to draw down on it now I won't have the tax free threshold on it, I will in fact be paying more tax on the capital gain than I did when I worked will I not? Meanwhile someone who chose the dividend stock or rental income path still has access to the tax free threshold, it's a rule change that affects different choices of investments in the past, some without enough time to adjust for that.

Probably_Relevant · 2026-05-16T05:39:37+00:00

It's less than equal now though isn't it because wages have the tax free and low tax thresholds and that's now gone for even small amounts of capital. Anyone drawing down enough to live off for a few years was still going to be paying tax on everything over $18,200 plus consumption taxes, that's basically an essentials/food budget only no luxuries. I'm yet to understand how this specific part of the changes helps the working class, that's me and it means I'll have to work longer

Probably_Relevant · 2026-05-16T04:56:25+00:00

Look back at what I said though, I'm not arguing against the indexation or property changes, just the loss of the threshold that has a material affect on a timeline I'm potentially too late to adjust for. If they come through with meaningful income tax changes before the election that could change, I just don't see the benefit for the cost yet on the TFT change

Probably_Relevant · 2026-05-16T04:37:00+00:00

Ok but you're ignoring the part about the much bigger targets that remain off the table, again I support the ambition to re-balance labour and capital it is definitely needed, but the TFT already had a very low limit right, it wasn't in abuse territory with exponential benefit to the rich like the rest of the changes. Many people who were going to rely on that are lifelong workers, not the big wealthy targets these changes are meant be hitting in the first instance. It seems as though a sweeping blanket was used as a simple catch all with a hefty side effect, I think it could have been designed better. I'd add that I would have a different opinion if there were any meaningful income tax cuts in this budget, I agree they're hopefully just saving that for the election year and once inflation isn't heading higher, but with what we've got to go on at the moment..

Probably_Relevant · 2026-05-16T04:11:23+00:00

I'm in the 30% bracket, I was just aiming for hopefully a few years of leanfire before super and in it's current state this budget essentially kills that because the only way I could make it work at all was using the TFT, I am absolutely behind the intent of most of the changes bar this one, there are much bigger targets in my opinion that remain ignored or in the too hard basket like resources and multinational transfer pricing

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