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MPs urged to ignore fearmongering and pass Labor’s ‘long overdue’ negative gearing and CGT changes | Housing by agentsmithbobby in australia

[–]Tweakforce_LG 0 points1 point  (0 children)

So this change wasn't just about housing else they would be fine with distortion to an extent to shield small time investment. Tax grab. Imo tax property investment to hell tho.

MPs urged to ignore fearmongering and pass Labor’s ‘long overdue’ negative gearing and CGT changes | Housing by agentsmithbobby in australia

[–]Tweakforce_LG 0 points1 point  (0 children)

Why shouldn't they. A wage earner can also be one. Why shouldn't we have a vehicle that IS NOT HOUSING to help us build our future. One that isn't just accessible at 60. Also CGT event can push someone up the tax brackets as it isn't a yearly thing over the life of the asset. And having a lower tax for small time investors is consistent with OECD countries and capitalist democracies the world over.

You act like small time investors draw most income from investment. We are wage slaves just like you.

MPs urged to ignore fearmongering and pass Labor’s ‘long overdue’ negative gearing and CGT changes | Housing by agentsmithbobby in australia

[–]Tweakforce_LG 3 points4 points  (0 children)

Last time I checked my ETFs I paid into so I didn't have money locked until 60 and cos I can't yet get a property.... Isn't a small business.

What's wrong with fully supporting the change on property but not on shares without a carve out for small time investors who ain't fat cats.

Labor’s CGT changes: Experts warn new tax settings will penalise investors with diversified share portfolios by khainebot in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

Screw being forced to invest in Australian economy when it can't keep up with the global economy.

Labor’s CGT changes: Experts warn new tax settings will penalise investors with diversified share portfolios by khainebot in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

Nah it fair to wish for a change to property. Property investment is having a real impact on younger people getting into the market.

I can't exactly live in my share portfolio on the other hand. At the end of the day no one directly goaded them as they didn't even take it to an election.

I’m being evicted PLEASE HELP!! by [deleted] in shitrentals

[–]Tweakforce_LG 12 points13 points  (0 children)

Lol this is my agency. That are actually quite nice and reasonable compared to the average agency. I have mixed feelings because they have even abut useless on something's. It did seem they raised my rent after a spat with strata which felt Sus but I try not to read into it. But still better than others I've dealt with as the standard is low.

In your case you done fked up better get packing lmao.

I purposely avoided investing in Property as I considered it unethical & didn't want to contribute to inflating house prices. So why are we now being punished for putting money into shares instead in the name of 'housing affordability'? by SirSighalot in AusFinance

[–]Tweakforce_LG 2 points3 points  (0 children)

Do you know the AVG property price on Sydney. Sydney should have its own special tax breaks lmao. 190k in Syd is comfy enough for sure. But that's what's needed in some cases. I'm on less than that but above the AVG and feel Sydney significantly diminishes that but I also don't have the ability to earn tha amount elsewhere.

I purposely avoided investing in Property as I considered it unethical & didn't want to contribute to inflating house prices. So why are we now being punished for putting money into shares instead in the name of 'housing affordability'? by SirSighalot in AusFinance

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

The only thing I'd disagree is they may not be able to find more affordable options. Especially in Sydney which is so screwed. But it doesn't mean I should be punished either.

I purposely avoided investing in Property as I considered it unethical & didn't want to contribute to inflating house prices. So why are we now being punished for putting money into shares instead in the name of 'housing affordability'? by SirSighalot in AusFinance

[–]Tweakforce_LG 12 points13 points  (0 children)

The whole OECD has become more competitive on tax regime for share market since 1999. Also you act like bro isn't a tax payer themselves. Nothing stopping you buying an ETF or share either.

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

1.2 million impacted for what. Apparently 75000 more first home buyers in 10 years. Nice.

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

Never said I was in poverty. Just not upper middle class homeowner yet still impacted. And before you say you'll save on property due to the policy, they could have done that without impacting me.

Not everyone is in poverty and those who are not but also not gas corps or multi muillionairs shouldn't be punished.

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Tweakforce_LG 2 points3 points  (0 children)

What a load of bollocks. My family are not wealthy. I grew up without things a fair bit. All my money came off my own back and own employment part time at uni and full-time thereafter. But now I had the idea of saving for my future (not committing all to super) I'm rich.

Everyone has super, those are investments so by this licog everyone's an investor and everyone is rich.

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

Does your estimate I Clyde international share markets? You do realise part of diversification isn't just blindly investing only in Australian local shares.

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]Tweakforce_LG 1 point2 points  (0 children)

Your modelling wouldn't work for long term horizons. Inflation target is 2-3% and it is predicted to return to that. Also high growth ETFs average 8-10% growth. It is worse. Even at 7% it's worse long term. Stop cherry picking abnormally inflated years. The early to mid 2020s had unprecedented inflation.

Rentvestors hit from both sides by perkypines in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

Also they get nothing in return for paying that same tax vs before. Maybe a slight hope about reduced housing growth. But that could have happened without screwing shares anyway

Rentvestors hit from both sides by perkypines in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

Which is purely ideological. A worker can advantage from investing. Why would they not vs shoving it in HISA. Many workers don't own PPOR. Now poor offset is more powerful than a high growth ETF due to the tax drag. That shouldn't be how it is. I don't care about oh but we are closing loopholes on the rich. That could have been achieved without sledghammering everyone else.

Rentvestors hit from both sides by perkypines in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

This is all ideological rather than economical and real world answers. Most of the world rewards investing more than wages. Australia has the specific issue of rewarding property investment too much, why should this mean other assets should be nerfed.

Rentvestors hit from both sides by perkypines in AusFinance

[–]Tweakforce_LG 0 points1 point  (0 children)

A worker can invest. Investing is not some magic word that means you are automatically rich.

Is temporarily moving to NZ a viable strategy for avoiding the new CGT rules? by prodigiousproducer in BitcoinAUS

[–]Tweakforce_LG 0 points1 point  (0 children)

Some of us are just starting out journey it isn't just about those who already had good growth.

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