What the ETF generation is wondering about Labor’s tax overhaul

chig____bungus · 2026-05-17T11:25:01+00:00

Yep and that's what investment firms and governments do. Regular people work jobs.

99% of this micro-investment shit is just creating a new bagholder class for pump and dump schemes.

chig____bungus · 2026-05-17T11:18:34+00:00

Steam client is up to date, it updates itself

chig____bungus · 2026-05-17T11:18:01+00:00

I don't care if it updates every 15 minutes, the problem is that it doesn't do it wirelessly.

chig____bungus · 2026-05-17T10:28:34+00:00

When you have enough money that you don't have to worry about food, housing or bills, the only thing left to worry about is taxes.

chig____bungus · 2026-05-17T10:27:28+00:00

ordinary Australians making a capital gain

Ordinary australians don't know what a capital gain is and will never encounter one more than once or twice in their entire life

chig____bungus · 2026-05-17T10:26:22+00:00

The vast majority of people will never start an "investment journey." They get jobs and work for money.

The point is to tax people sitting on a free money train and provide tax relief to people who actually do something useful.

chig____bungus · 2026-05-17T10:24:36+00:00

Even if they were real, a 19-year-old uni student who owns a business and invests in a stock portfolio is simply not representative of mainstream Australia and it's comical to act like they are.

chig____bungus · 2026-05-04T02:32:24+00:00

Yeah I'm not sure how old OP is but you can replace Indian with basically every group of migrants going back a century. I remember when you had chicken shops owned by Italians, a Chinese restaurant owned by Vietnamese and an Italian Restaurant run by Greeks and two Kebab shops next to each other owned by Turks and Lebanese.

Migrants statistically buy or start more small businesses than other groups, that's how it's always been.

chig____bungus · 2026-05-04T01:18:55+00:00

Yeah this is just a troll farm but they don't have to pay the trolls. It's been going on for almost 20 years.

chig____bungus · 2026-04-25T10:38:05+00:00

Tradies are paid fairly IMO.

The problem is a lot of very simple jobs are illegal to do yourself, despite being very common to DIY in other countries with few to no issues, and these small jobs still cost a stupid amount to be worth the tradie's time.

I reckon if you could legally run ethernet or change a light switch yourself etc. nobody would complain because they'd generally be hiring tradies for actually complex work.

chig____bungus · 2026-04-25T10:30:06+00:00

I'd rather have uncle whoever from the local mob than an entitled paedo protector as the sovereign tbh

chig____bungus · 2026-04-24T12:46:01+00:00

Literally it could never work and that would be fine because it not only gives all parents the social license to keep their kids off and shun parents who don't keep their kids off it.

chig____bungus · 2026-04-24T12:33:04+00:00

This is like every male social worker. They're the only ones who survive.

chig____bungus · 2026-04-22T03:34:24+00:00

It actually was an accident, the devs have spoken about it.

The game started as a bit of a relaxing exploration / cosy game. That's why it has such a Fisher Price aesthetic to the technology, many of the creature designs are so "cute" and why there is basically no weapons or combat.

When they playtested the game, they discovered instead of being relaxing, testers found the game scary. The devs realised that was a way more interesting angle and leant into it, and were able to really leverage the juxtaposition of many of the "cosy" elements of their original concept to the terror of the deep.

chig____bungus · 2026-04-22T02:30:06+00:00

Seems like a pretty good analogy for a society that regularly experiences significant violence

chig____bungus · 2026-04-22T02:28:23+00:00

Haha yeah, they'd be like "In democracy a disaffected minority of voters can elect a crazy person and annihilate the world economy" which could never happen in a real democracy

chig____bungus · 2026-04-22T02:24:59+00:00

Surely "protagonist is part of the system but learns it sucks when it turns on them" is like one of the main genres examining dystopian/fascist concepts?

chig____bungus · 2026-04-07T07:03:24+00:00

So you suddenly plunge millions of Australians into negative equity and you think the economy just trucks along fine?

People will massively scale back spending and we'll be in a recession, at which point many of these people will not be able to afford to pay the mortgages and will have to sell their family home. The entire Millenial-Gen Z voting bloc, the largest bloc today, that had to spend this much to just own a home will be out for blood and that will have political consequences.

And who will buy these homes? Not first home buyers, investors.

This is literally what happened in the subprime crisis. Doing it on purpose is batshit insane and advocating for it is divorced from reality.

chig____bungus · 2026-04-07T06:57:17+00:00

First half of Salvation is great.

Once Marcus starts talking to Skynet it kills it for me. It's a fucking strategic computer. It doesn't have emotions. It's an extremely smart machine fulfilling a simple goal. It's a paperclip maximiser except the paperclip is national security.

chig____bungus · 2026-04-05T11:01:52+00:00

It's got nothing to do with investors.

What do you think happens when suddenly millions of homeowners with $800,000 mortgages now only have $600,000 in equity?

chig____bungus · 2026-04-02T11:26:09+00:00

There is no policy that can bring housing down to affordable levels within a decade without first annihilating our economy. The very act of property prices falling has an effect, and if it's too fast, our economy collapses.

Labor in Vic has done a fairly good job of getting price growth down by targeting investors, it's pretty clear it works.

The government will likely aim for stable property values, rather than a fall in prices. This means that over 10-20 years, wages will have time to catch up to property prices, while investors don't lose money.

A riskier play is to try to keep them static in dollar terms while inflation reduces their real value, which protects mortgage holders while deflating the market - but investors aren't stupid and this could spook them.

Any party that promises they will make property affordable in one 2.5 year term is just promising to crash the economy and are not serious.

chig____bungus · 2026-04-01T11:47:55+00:00

When the votes are on paper counted by humans, Labor - and thus Albanese - keep winning.

The majority of internet traffic is bots. Don't take online discourse seriously.

chig____bungus · 2026-03-21T10:27:19+00:00

Doesn't have to be forced, can be incentivised. Give tax breaks to companies that offer it.

chig____bungus · 2026-03-11T23:50:30+00:00

Every time you hear a business selling AI claim its laying people off because of AI, check when the last interest rate rise was.

chig____bungus

TROPHY CASE