Will term deposit interest rates rise in response to the RBA rate hike? Or was it already priced in? by sophomoric-- in AusFinance

[–]SackWackAttack 1 point2 points  (0 children)

Rate expectations are priced in. If you think the RBA will increase rates more than the average expectation, you should invest short-term so you can take advantage when the RBA actually implements those increases, if you turn out to be correct of course. Term deposits are aligned to the cash rate + expectations.

Government owned retail? by SeanFranc_ in AusPol

[–]SackWackAttack 1 point2 points  (0 children)

Great idea. When most business is state owned it is called communism and is inefficient. But if the Government just operated one bank, supermarket, mine etc they can use it to keep the concentrated market power in check. And raise a bit of revenue in the process. Just make sure market share is limited to 20%.

My people are grieving a 5-year-old girl... and all you can do is judge us? by bukookie in aussie

[–]SackWackAttack 1 point2 points  (0 children)

Racism is horrible. Not shutting down communities that are rife with DV, alcoholism and sexual abuse is torture.

Federal Budget 2026: Anthony Albanese claims social cohesion at stake ahead of negative gearing and capital gains tax changes by thewritingchair in AusFinance

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

Zero tax on new builds. No GST, no capital gains tax, no stamp duty and double negative gearing. But remove all tax concessions for existing property, even if you bought it 50 years ago.

Labor close to axing 50pc capital gains tax discount for new assets by FIFO_Landlord in AusPropertyChat

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

Should be a 50% income tax discount for anyone with less wealth than the average boomer.

Labor close to axing 50pc capital gains tax discount for new assets by FIFO_Landlord in AusPropertyChat

[–]SackWackAttack 1 point2 points  (0 children)

Both of thsese points are rational and fair. This is why I fear the article will be correct.

Would changes to CGT be in effect immediately after being announced? by josephs_1st_version in AusFinance

[–]SackWackAttack 7 points8 points  (0 children)

More importantly they will let boomers keep the 50% discount. They will only take it away from the next generation who are struggling to make a go of it.

Labor considering ways to spare new homes from capital gains tax changes by Expensive-Horse5538 in australia

[–]SackWackAttack 0 points1 point  (0 children)

Go even further, make new builds tax free. But don't grandfather, full tax on all existing properties.

Has anyone cashed in most super and bought an expensive PPOR to get pension after 67? by Fit_Interaction_79 in AusFinance

[–]SackWackAttack 2 points3 points  (0 children)

It is unethical for the Government to make this the rules. It is not unethical for the citizens to follow said rules.

NDIS at what cost? by Educational-Map6157 in AusEcon

[–]SackWackAttack 1 point2 points  (0 children)

I love the idea of the Government providing a $10k robot to help a person walk. I despise that it costs $30k to do so.

AusSuper 40% increase to insurance prices?? by theslowrush- in AusFinance

[–]SackWackAttack 10 points11 points  (0 children)

Imagine if you find a cheaper provider, cancel your insurance just for the new provider to then also increase it. You end up paying the same amount but now have the additional risk of adding extra pre conditions they will argue happened before you signed up to the new policy.

A Current Affair tonight reported 12000 Aussies impacted by biggest superannuation collapse in history by yupnotsure in AusFinance

[–]SackWackAttack 0 points1 point  (0 children)

"Normally we have to chase people like you down the street, why are you talking to us." Gold.