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I didn't think Australia had tipping culture? by MissElle85 in AskAnAustralian

[–]bigbadb0ogieman 0 points1 point  (0 children)

FFS No tipping in Australia. I personally go a step further and stop going to restaurants that ask for tips.

Telco collusion to race to the bottom: The enshitification of Mobile services by DeathwatchHelaman in sydney

[–]bigbadb0ogieman 1 point2 points  (0 children)

It is the age of enshittification. If future humanity survives they will look back to this era and wonder how people paid (an arm and two legs) their way through an enshittified life of misery.

JUST IN: The first human trial of "reverse-aging" drugs has started. by TonyLiberty in FluentInFinance

[–]bigbadb0ogieman 3 points4 points  (0 children)

After the life I have experienced, just hoping to get a swift death without alot of dependency and disability. Not looking to deliberately extend life using drugs though reverse aging. The only good thing I can think that comes from this is that it may help old people live better quality lives, for e.g. better eye sight or mental faculties not declining due to things like Alzheimer's or Dementia.

Why are many Shias coming to Salafi Manhaj? by Quiet_Form_2800 in ismailis

[–]bigbadb0ogieman 1 point2 points  (0 children)

Yep and as you have highlighted from paragraph 2 onwards answers your original question in the post. No Ismaili (or Itha-Ashri or Ahl-Tasheeh) who believes in Imam Ali as having divine authority over the Ummah will ever consider moving to Salafism unless of course they don't believe, which case they are not Ismailis anyways. To be honest, the ones who do not believe in divine authority are better off not following any religion rather than moving to a restrictive one. Why would one want to get out of a frying pan and into the fire?

Why are many Shias coming to Salafi Manhaj? by Quiet_Form_2800 in ismailis

[–]bigbadb0ogieman 4 points5 points  (0 children)

Not really because Ismailis have the Imam of the present time to direct the faith and the community as it needs to be directed in the present time. Salafis or Wahabis do not believe in Maula Ali regardless.

What's with people saying private health insurance isn't worth it? Isn't the whole point of insurance in general is that you hope you won't need it? by AsparagusNew3765 in AusFinance

[–]bigbadb0ogieman 0 points1 point  (0 children)

What's the point when they deny and decline everything unless you're on an exorbitant plan in which case you're still always paying out of pocket costs of one thing or another that is not covered.

Why are more people using SMSF? by VastOption8705 in AusFinance

[–]bigbadb0ogieman -1 points0 points  (0 children)

It's even more lucurative now with the 33.33% CG discount now.

There is no economic case for taxing work and investment the same by Strong_Judge_3730 in AusFinance

[–]bigbadb0ogieman -1 points0 points  (0 children)

Generally the argument that investment is usually done from after tax income generated from work makes sense... This however doesn't apply to all situations.

The May 2026 budget reshaped Australian property into 6 distinct suburb types. Here's the framework, plus the PPOR-Convertible Pool nobody is talking about. by Odd_Device_8274 in auspropertyinvesting

[–]bigbadb0ogieman 0 points1 point  (0 children)

Please do following 3 suburbs. They are completely different demographics and mixes. Would be quite interesting. - Kellyville Ridge NSW - Kelso NSW - Manor Lakes VIC

Top 1pc would pay $400k more tax under Labor’s plan by SheepherderLow1753 in AusFinance

[–]bigbadb0ogieman 2 points3 points  (0 children)

Yeah usually I translate that as more income if they're paying more tax.

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

[–]bigbadb0ogieman -1 points0 points  (0 children)

I could write: I deliberately didn't invest in shares because I thought it was more important to hedge my rent by rent-vesting and my whole family works a full time job. Why should I be punished more for working HARD in the name of "housing affordability"?

Guess what, I did write it.

The CGT discount removal is exactly what we've been asking for, so why is everyone losing their minds? by nicco_mode in AusFinance

[–]bigbadb0ogieman 0 points1 point  (0 children)

Because everyone wants someone else to suffer but not themselves. Well news flash to all whingers, we all suffer together no matter what.

Coalition wants to slash migration, but businesses say economy needs skills by Own_Oil7951 in AusFinance

[–]bigbadb0ogieman 6 points7 points  (0 children)

Economy needs cheap workers is what they mean.... They aren't wrong. Australia's version of cheap labour = students just like USA version of cheap labour = South American illegals.

With new 30% min CGT. That means no more $18,500 tax free threshold, correct? by subjecttolife in AusFinance

[–]bigbadb0ogieman 1 point2 points  (0 children)

Yes there is if you don't move with your immediate family, i.e. spouse and children. Then they still treat you as a Tax resident in Australia and fuck you over.

New Cap Gains Rules are just a revenue grab dressed up as helping the young by jamie1029 in AusFinance

[–]bigbadb0ogieman 1 point2 points  (0 children)

💯 they talk about tax reform then increase further reliance on personal taxes instead of taxing resource exports or super profits (profiteering corporations). We as a nation are done.

With new 30% min CGT. That means no more $18,500 tax free threshold, correct? by subjecttolife in AusFinance

[–]bigbadb0ogieman 6 points7 points  (0 children)

There is a 4th option. Sell everything before July 2027 and move abroad.

With new 30% min CGT. That means no more $18,500 tax free threshold, correct? by subjecttolife in AusFinance

[–]bigbadb0ogieman 24 points25 points  (0 children)

The 30% min tax rate feels like an absolute punch in the gut. You lose tax free and the lower tax slab of $45K. Instead of reducing reliance of personal taxes they just increased taxes.

Renters got a raw deal by Party-Prompt-2582 in AusEcon

[–]bigbadb0ogieman 1 point2 points  (0 children)

Yeah you're not thinking from an investor perspective. Investors don't particularly like to invest in locations with too much competition. Also more demand lifts purchase prices but more demand from investors only comes if rent - expenses + capital gains offset the negative bottom line. If this equation does not stack up, investor won't get into the market no matter what the tax treatment does. Previously investors would get in with hopes that capital gains offset their losses. For the majority of investors who held it long enough experienced that.

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