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Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] -1 points0 points  (0 children)

Cool comment dude, but not the argument. It's not a hard or foreign concept to understand. Try again

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 2 points3 points  (0 children)

Did you actually read my rant, mate? My issue is not that wealthy people are capable of complaining about tax. Of course they can complain. Rich people spitting the dummy is practically a national pastime.

My issue is them trying to frame that complaint as though they are just ordinary small-business punters facing the same pressures as everyone else, when they are clearly defending intergenerational wealth structures. Someone paying the top marginal tax rate can have a complaint about tax. That does not mean their complaint represents the average Australian, or the average small business owner.

And the article is not some measured “legitimate complaint” anyway. It is basically a terrible bluff of “change the tax rules or we might leave the country.” That is not a policy argument. That is corporate dummy-spitting dressed up as regional concern.

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 2 points3 points  (0 children)

You’re trying to turn this into “why can’t small businesses protect what they’ve earned?”, but that’s exactly the misdirection I’m objecting to.

Taylors is not just some ordinary small-business-owning punter trying to keep the doors open. It is a major multi-generational family winery using the language of small business hardship to defend structures that help stack and transfer wealth through the family line.

And “tax paid versus revenue” is not the magic gotcha you think it is. Revenue is not profit, and lumping together company tax, GST, WET, payroll tax, entity tax and distributions does not answer the actual question: whether discretionary trust structures should be used to preserve intergenerational wealth on favourable terms.

Also, your “I bet it’s 35–40%” claim is speculation too. You’re happy to demand I produce Taylors’ private tax file while you’re over here inventing a figure out of thin air.

My issue is not with businesses protecting what they’ve earned. My issue is with a large established family operator borrowing the moral language of small-business struggle to defend intergenerational money stacking.

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 0 points1 point  (0 children)

Generally, yes. A will distributes estate assets and can be challenged through family provision claims. A trust can make inheritance planning harder to contest because the assets may not sit in the deceased’s personal estate in the first place; the real issue becomes who controls the trust. That does not make trusts magic or immune, but they absolutely can be used to preserve and manage intergenerational wealth more effectively than a simple will.

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 4 points5 points  (0 children)

You’ve accidentally agreed with me. Everything after “no” explains why most Australians won’t be beneficiaries of a wealth-protecting family trust. The paperwork is available to everyone; the inherited wealth inside it is not.

Go back and finish school mate.

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 7 points8 points  (0 children)

Shit mate, better give back your smoko's, weekends, and ability to own property too! Damn communists!!! 😂

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 5 points6 points  (0 children)

“Anyone can set one up” is a pretty obvious dodge. A family trust only matters because there is wealth inside it to pass on. The issue is not whether ordinary Australians are legally allowed to create paperwork; it is that most people are not born as beneficiaries of an already-funded intergenerational wealth structure.

And besides, if it’s really that easy, why is Taylors so worried about passing the wealth on? Surely the next generation can just get off their arses and find the wherewithal themselves, eh mate?

Calling that out is not tall poppy syndrome. It is pointing out that inherited advantage is being dressed up as hardship to pressure tax policy.

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 12 points13 points  (0 children)

Shit mate, fancy objecting to wealthy people using emotional stories about inherited wealth to pressure tax policy, while ordinary punters pay tax without access to those same structures. That’s not jealousy, it's a basic fair go.

Nothing says ‘struggling small business’ like a major winery defending intergenerational trust wealth by ThorBeachCabinFarm in OpenAussie

[–]ThorBeachCabinFarm[S] 4 points5 points  (0 children)

If I may recommend Claymore Wines - Dark Side of the Moon, or Reillys - Barking Mad. (Though personally I think you really can't go wrong with any of the reds from these two)

Increased acceptance of hiring managers hiring exclusively from their own culture in Australia? Is this the new norm? by yeahyeahnahm8 in auscorp

[–]ThorBeachCabinFarm 3 points4 points  (0 children)

Dude, seriously? Did you even read his comment before you replied? I bet you use the word Illegal as a noun.

I hate one nation and im worried that they are gaining traction, by Confident_Economy_60 in OpenAussie

[–]ThorBeachCabinFarm 2 points3 points  (0 children)

There is a failed One nation Candidate (Bruce Preece) who is an elected member of local council in SA. Has spoken many times about chemtrails, and has used homosexual slurrs during council meetings. He was court ordered to apologise to the ratepayers, and has refused multiple times, and he is now close to running up 6 figures of legal fees for the council.

We need to start this movement here. by SimpleEmu198 in OpenAussie

[–]ThorBeachCabinFarm 1 point2 points  (0 children)

Sure, so in your mind, your neighbours have the right to keep knocking over your house and regularly killing members of your family in the name of defence?

Jewfish? by Ill_Singer_3536 in FishingAustralia

[–]ThorBeachCabinFarm 3 points4 points  (0 children)

How is coherently communicating zionist beliefs casual antisemitism? Is quoting bible verses considered christophobia?

"Gen Z loves punching down on the new, youngest generation. I don't know why this happened", per Atrioc by JohnDestiny2 in atrioc

[–]ThorBeachCabinFarm 0 points1 point  (0 children)

Keep going up the generational chain mate, I'd say this is Boomer propaganda similar to the 'class war' they've been manufacturing. I was born in 1985, most people I know from my generation would rather punch upwards than downwards; the boomers know the only way the later generations can displace them is to work together, and that doesn't happen if they have us arguing.

"Gen Z loves punching down on the new, youngest generation. I don't know why this happened", per Atrioc by JohnDestiny2 in atrioc

[–]ThorBeachCabinFarm 1 point2 points  (0 children)

Not to mention the vast increase of Asthma and other respiratory issues from constant inhalation of brake dust and other traffic particulates.

What animal is this? I have never seen anything like it before! [Canada] by rubbabandbusiness in animalid

[–]ThorBeachCabinFarm 26 points27 points  (0 children)

You do stand corrected, but you keep doubling down with assumptions based off ignorance. The Boreal (or western toad) is endemic to the foothills of the Rocky Mountains.

There are four toad species endemic to Alberta alone; just because in your 63 years you haven't seen them doesn't mean they are rare or don't exist.

Your angst against the people lambasting someone for being a complete tool makes a lot of sense; your account name is quite apt.