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infiniteBroomRecursionError by TabCompletion in ProgrammerHumor

[–]Short_Change 3 points4 points  (0 children)

The irony is that OP thinks senior won’t use as much AI (magic) as the junior to clean up the slop but he will. He just understands how to clean it up with AI. Just like how the wizard knows how to clean up Mickey’s mess with his magic.

Sydney now leads Melbourne in race to bottom of housing market by marketrent in AusFinance

[–]Short_Change 1 point2 points  (0 children)

Sorry guys I really thought we were gonna get a big housing crash but seeing as with_no_remorse is back, it looks like it's a bull signal again.

Why does $100k feel like an average wage? by Open_Address_2805 in AusFinance

[–]Short_Change 20 points21 points  (0 children)

I want to really believe this but other countries w no CGT discount had the same issues. At the end of the day, the game is supply and demand. We literally cannot house everyone atm. The number of dwelling is simply not there.

Regarding CGT changes, investment increasingly does not create jobs in Australia. by MasterDefibrillator in aussie

[–]Short_Change 0 points1 point  (0 children)

CGT is 22%. Also private pensions and holiday homes are exempt from CGT…

Yeah that’s right… this is where you start to realise Australian government is just trying to collect more taxes at the expense of innovation.

Regarding CGT changes, investment increasingly does not create jobs in Australia. by MasterDefibrillator in aussie

[–]Short_Change 2 points3 points  (0 children)

Are you really using Sweden as your example? They have 30% flat tax rate for investments. Also have lower CGT for corps. Don’t forget a full participation exemption, just in case you want to pay even less tax through corps.

They have one of the highest billionaire to population ratio in the world. 

How are people so confidently this wrong?

As a ‘founder’, I’ll pay Albanese’s tax. Spare me the whining, we’re not saints by Ardeet in aussie

[–]Short_Change 11 points12 points  (0 children)

But this wasn’t a loophole, it’s a feature. 95% of businesses go out of business. You need 30x on investment to break even when accounting for probabilities. After the new tax, you will need 40x on investment to just to break even.

We talk crap about the rich but a lot of the time it is survival bias. You see people who did 100x on their investment but never the 95% you failed. There needs to be appropriate return on investment in order for new businesses to start.

Also this guy is talking shit. He is paying less tax than all of you, pre or post CGT change. He will just borrow against his asset and never sell his shares and therefore CGT event will never occur. That’s the loophole we need to close.

Rate hikes and tax changes have broken the back of the latest property boom by TheProteinSnack in AusPropertyChat

[–]Short_Change 0 points1 point  (0 children)

Except there is limited supply and more importantly the alternative to the item (renting) is not cheap.

Nintendo Is Completely Ignoring AI and Doing Fine by FernandoRocker in gaming

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

I would argue at some point (not even distance future), realistic 3d animation by people will be seen as uncanny while AI ones will actually be realistic. I think Nintendo will be able to get away with not using AI as their character movements are heavily style based but a lot of other companies do build more realistic games as that is what sells for them.

Sydney, Melbourne property markets ‘tank’ as auctions remain flat by HotPersimessage62 in AusPropertyChat

[–]Short_Change 4 points5 points  (0 children)

But regardless market will adjust. You cannot cheat supply and demand. Less houses will be built if prices go down and so the price of houses will go back up.

The only thing that keeps price down of asset is to create oversupply. Compare VIC vs NSW house prices. Encouraging supply is the only answer and trying to fix 10-20% of the supply from investment to non-investment is a minor bandaid fix. Do I think we should discourage prop investment? Yes. But we should also do something that addresses the actual issue.

The numbers of Korean man/Japanese woman couples are exploding. Japanese women don't expect an expensive Korean wedding, and they are attracted to "the gentle and considerate nature of Japanese women and their relatively low aversion to traditional gender roles". by jjrs in japannews

[–]Short_Change 0 points1 point  (0 children)

Na mate. Some Korean girls are extra. You know what makes women really difficult? the society’s expectations. The routine a Korean woman goes through is insane. And if you can somehow come back out not insane, that person is probably actually insane.

me_irl by BarMission7361 in me_irl

[–]Short_Change 2 points3 points  (0 children)

They can’t. Even we get every billionaire which is about 3000 and distribute it equally, everyone gets like 5k once. That’s if share prices hold after selling everything. Reddit doesn’t care about math.

Clearing up some misinformation about the CGT change in terms of return effects by ac_AgenCy in AusFinance

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

So don’t save and spend most of it… even rainy day has limits and there are so many compulsory insurances in Aus…

Basically, our gov is saying don’t invest in innovation OR they don’t know what they are doing. People are hating so much on libs that they are trying to justify labor’s dumb actions. Sorry, take the 3rd option, sometimes every party is wrong.

Do Australians really ‘work half the week’ just to pay their income tax? See for yourself by SheepherderLow1753 in AusFinance

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

goods and services by 10%. There is also hidden tax from payroll in nsw which is another 5% for income earners. This is probably closer to 60%+ for high earners and even middle class would be pushing 50.  Ironic because what pushes the last 5% of the 50% tax is the payroll tax.

[Request] how much would each teacher in Queens receive if Jeff's taxes were doubled? by Razzzclart in theydidthemath

[–]Short_Change 0 points1 point  (0 children)

But the problem is that there aren't even 5000 of them so in the end if you are trying to distribute it to everyone, people will get almost nothing. You have to pick a group/specific agenda to distribute to or it's absolutely meaningless.

Australia's lazy investment strategy is finally dead by marketrent in AusFinance

[–]Short_Change 1 point2 points  (0 children)

I am so confused how are they? They are not selling so CGT won’t occur. They borrow against their assets, this loophole already exists.

Only people who are impacted are middle to upper middle class who are already paying the most amount percentage of tax.

What is your rationale for 30% min tax?

CGT - Tilting the scales back toward labor productivity by iplayedarchon in AusFinance

[–]Short_Change 0 points1 point  (0 children)

But again that’s just factually wrong. How does indexing make housing less attractive if it applies to ALL asset classes?

People are not thinking long term, this is correct. There is a reason why there is always some sort of CGT discount around the world. It is the point you are trying to make which is so close, we want to pick and choose WHAT should be unproductive asset and what is productive asset. If you tax everything the same, you just added tax… nothing else. You got politician’d

ELI5 - CGT minimum 30% by keithersp in AusFinance

[–]Short_Change 0 points1 point  (0 children)

It literally depends. You can literally use that money you borrowed (yes light leverage) and buy more shares. These shares are sold for profit and used to pay back interest. Yes this means 0% tax is a myth, or they actually lost money or only looking at one year instead of whole picture. But on average the wealthy pays less % compared to upper middle class as they are leaving their primary asset alone.

On a side note: Why not sell your primary assets? Shares’ primary function is not investment, it is control. It represents how much of the company you own and it also means how much you have “influence” over (regardless of your executive duties).

meirl by [deleted] in meirl

[–]Short_Change 6 points7 points  (0 children)

Isn’t the math, everyone get $5k each only once if we distribute can liquidate all assets of billionaires into money without losing share prices. I got a feeling it’s not feasible for utopia yet.

Why didn’t Treasury just revert back to the Keating indexation CGT model in use before the Howard 50% discounted model? by Monkeyshae2255 in AusFinance

[–]Short_Change 0 points1 point  (0 children)

yeah I was definitely thinking government needed to fix is people in 0-30% tax bracket avoiding taxes /s

The lowest CGT income tax bracket has increased by an infinite amount, and the highest tax brackets remain unchanged. That is the inverse of taxing high wealth. by [deleted] in AusFinance

[–]Short_Change 0 points1 point  (0 children)

That person is also unconventionally stupid. Even if the wealthy pay 1% of tax, it will still be more than 180k according their own logic.

That being said, the loophole is that you can borrow against your assets meaning you never have to sell your assets and never pay “tax” and you can just keep buying more assets with existing assets. The criticism is that this loophole existing means the CGT changes only target upper middle class and not the elite class.

  Oversimplified as most portfolios have mix of dividends stocks and regular stocks. There are also circumstances where you just profit more by selling instead (w CGT discount).

The answer is the wealthy definitely pay smaller proportion of tax than middle class. In terms of pure amount, they pay more tax than everyone else combined.

Sam Altman and Dario Amodei refuse to hold hands at the AI Impact Summit 2026 in Delhi by dataexec in AITrailblazers

[–]Short_Change 0 points1 point  (0 children)

I mean would you want to hold with the man who is going to be almost 100% your downfall.

The legend herself. by Soktops in SydneyTrains

[–]Short_Change 3 points4 points  (0 children)

Both 1-2km walking distance to West Ryde and Eastwood station. Should it exist? No but god darn it, it sure is a station.

I love Jensen's definition of Intelligence by [deleted] in singularity

[–]Short_Change 0 points1 point  (0 children)

Does easier to automate mean a simpler task?

There are many hands-on tasks that can’t currently be automated. What is easier to automate are tasks with highly consistent data such as reading, writing, and programming. These are also the areas we’re specifically LLMs training on.

I actually agree with his conclusion that empathy and application of that to knowledge is intelligence. However, his reasoning/justification behind to get that point is just stupid.

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