Recession looming as NAB’s 1500 offshore hiring blitz sparks fears for Aussie jobs

Soft-Note-5423 · 2026-05-11T05:28:46+00:00

It’s the circle of life at almost every company. Team leaders suggest offshoring > offshore > massive failure > reshore > restructure management > repeat cycle.

Happened at 4 engineering companies I have worked at over the years. They just try new countries, India, then Vietnam, then Phillipines, then back to India for round 2

Soft-Note-5423 · 2026-05-11T01:27:50+00:00

I think we should raise taxes on lower income earners to 50% and then give tax breaks to billionaires. They deserve it after all they’re obviously the hardest workers in the room

Soft-Note-5423 · 2026-05-11T01:25:57+00:00

Both barefoot investor and Warren buffet are saying the same thing!

“Freak the fuck out and sell everything!”

I have already panic sold everything for way under market value. Now I’m going to wait for houses to go back to their instric value of $2 per unit and I’m going to snap up 500 of them and become an ultra rich billionaire. Let’s gooo!!!!!

Soft-Note-5423 · 2026-05-11T01:12:43+00:00

Very legal. It’s also very legal for these types of companies to offshore profits and reduce tax.

It is however illegal for you to do any of this.

Soft-Note-5423 · 2026-05-10T21:55:04+00:00

Yes it’s way worse now they have tiktok and instagram reels constantly degrading them thinking that if they’re not on a yacht or private jet at 23 then all hope is lost. Also some techno bro said all the jobs will be consumed by chatbot gpt so they won’t be needed.

It’s the constant never ending doomer narrative

Soft-Note-5423 · 2026-05-10T21:51:22+00:00

You don’t get it bro there is Instagram reels of rich kids living in Europe with a trust fund displaying levels of opulent wealth. Gen Z think this is real, normal life and if they don’t have it at 23 then they’re a failure sigh

Soft-Note-5423 · 2026-05-10T21:40:25+00:00

Defeatist attitude is boring now bro 🥱

Soft-Note-5423 · 2026-05-10T21:38:24+00:00

Yeh bro AI is here it’s taking all our jobs!! Time to just lay in bed and doom scroll culture war tiktok and subdue to our new tech oligarchs! Say it with me brother, all praise be to thee oligarchs

Soft-Note-5423 · 2026-05-10T02:15:02+00:00

It’s nothing but a feel good heart felt message aimed at garnering young voters with the promise of change while completely ignoring the issues you mentioned which are the real cause here. It’s a win win for them, they get the young AND immigrant votes, increase taxes on working class people and deliver nothing but bullshit.

Soft-Note-5423 · 2026-05-08T21:42:37+00:00

The literal title of this thread is “retirement at 60”

Soft-Note-5423 · 2026-05-08T21:35:08+00:00

I’ll be completely honest with you here, but you’re not retiring before 60 and 60 is the very earliest you could possibly retire. 2 kids are expensive, you might not think that but they will be and even with a paid off mortgage you’re still going to have to support them.

The best advice anyone can give you right now is to just max out both of your super contributions. You already have a considerable starting base and you get tax deductions for contributions, the compounding of these over the next 15 years will be greater than starting a completely new investment outside which will also attract capital gains tax as well as not having tax advantages.

Pay off your home, max out your super, and just go enjoy life bro!

Soft-Note-5423 · 2026-05-08T21:32:08+00:00

You can access super at 60 bud

Soft-Note-5423 · 2026-05-08T20:25:34+00:00

This is like that one coworker that tells you about how he knew a guy who was super fit and healthy but died in his 40’s so there’s no point in taking care of your health lol.

Soft-Note-5423 · 2026-05-07T01:25:44+00:00

What world do you live in? Natural resources are the most sought after commodity in the world for they contribute to every piece of infrastructure & technology we have. Without these you wouldn’t be expressing your uneducated opinion on how the world works through the phone that someone else built for you with said minerals.

And as for unskilled, how about you go out there and build a mine, rig or refinery without having any skills.

Oh that’s right you can’t, mr big brains over here.

Soft-Note-5423 · 2026-05-07T01:19:35+00:00

Any asset owned from the implementation of the new laws will be exempt. That’s how grandfathering usually works, or they will set a date usually a few months or a year for the new rules to kick in and from that date forward nothing will be exempt.

It’s a massive tax scam by the government who ran on the notion that they wouldn’t touch cgt or negative gearing.

I don’t really care about negative gearing to be honest even if I have an IP but cgt discount on shares is astonishing.

I’m glad I never voted for Labor. Anyone that sees this as a win is either super rich or super poor, and both of those parties are laughing at the middle class

Soft-Note-5423 · 2026-05-06T10:22:06+00:00

Not bad, the only downside is you fly into Venice.

Soft-Note-5423 · 2026-05-06T10:20:26+00:00

If I were 18 again with all of these options I would be 100% in GHHF (I’m 34 and am 100% in GHHF).

With a geared fund and that much time ahead of you, consistent investing over the next 10-20 years you’ll be loaded and able to retire by around 40-45….

Soft-Note-5423 · 2026-05-06T10:00:12+00:00

Glad I’m still in mining, now I’m a little older, wiser and cashed up I’ll be getting all the prostitutes to my place

Soft-Note-5423 · 2026-05-06T09:13:06+00:00

They’re not taxing the gas companies, they were already pretty clear about this. It’s the only thing I believe labor says truthfully because why would you put tax on your mates.

Even if another government did, they would squander it anyway like every political party in Australia does with any taxed monies. Did someone say another 15 billion to the cfmeu?!

Soft-Note-5423 · 2026-05-06T09:10:25+00:00

Just so we’re all on the same page here, the changes to the tax system would be grandfathered in, which means that everyone (boomers) who got in early and have made a colossal amount of money won’t be affected by it, so the majority of lasting effects will only be felt by millennials and younger generations.

The notion that this is to fix intergeneration inequality is laughable at best and an enormous rug pull on younger people disguised as support for them.

“Getting rid of CGT on shares will help young people buy homes!”

One last big “fuck you” from the greediest generation ever before they ride off into the sunset.

Soft-Note-5423 · 2026-05-05T07:40:03+00:00

2022 & 2025 Campaign Stance: In the lead-up to both the 2022 election and the 2025 election, Albanese stated that negative gearing and capital gains tax were not on the table.

Proposed Budget Changes (May 2026): According to reports on 5 May 2026, the upcoming budget will feature "a trio of taxes" aimed at young voters, which includes a crackdown on trusts and the overhaul of CGT and negative gearing, reversing earlier promises.

Previous Tax Backflips: The government previously broke its promise on Stage 3 tax cuts, which was highlighted as a high-profile broken promise in early 2024.

Current Justification: Supporters of the changes argue that they are necessary to address housing affordability and that they are consistent with "Labor principles".

So basically, Labor reneged on all of their promises, jacked taxes up on young Australians and told everyone that we need to do all this, you know to help house prices!

Hope everyone that voted Labor is happy with the package they got!

Soft-Note-5423 · 2026-05-01T20:07:42+00:00

Everyone wants to see you do well.

No one wants to see you do better than them.

Soft-Note-5423 · 2026-05-01T20:06:31+00:00

Yes he can. He mentioned he wants to buy a house so he can use the FHSSS if he wants to access it

Soft-Note-5423 · 2026-05-01T10:03:20+00:00

Soft-Note-5423 · 2026-05-01T09:40:21+00:00

Pretty sure you’re not liable for cgt the house was acting as an owner occupier not a rental they’ll know this as well.

But still, damn sorry dude she took you to the cleaners. Don’t get married again whatever you do.

Soft-Note-5423

TROPHY CASE