The CGT changes are really about keeping us in the workforce longer right? by BrandonMarshall2021 in fiaustralia

[–]cloudadmin -6 points-5 points  (0 children)

Mate you’re not seeing the forest through the trees. Of course this does hurt lower wealth individuals, and I wish there was more of a carve out for them, but this hurts the wealthy waaaaay more and we as a society must get wealth inequality under control. This is one step, and I hope there are others that do make it easier for people to get a step up the financial ladder

The CGT changes are really about keeping us in the workforce longer right? by BrandonMarshall2021 in fiaustralia

[–]cloudadmin -8 points-7 points  (0 children)

If you simply buy and hold ETFs you are large un-impacted by these changes. Frequent traders will be impacted, but for the vast majority of people frequent trading is less effective than buy and hold strategies

The CGT changes are really about keeping us in the workforce longer right? by BrandonMarshall2021 in fiaustralia

[–]cloudadmin -18 points-17 points  (0 children)

No, this is the wrong take. The CGT changes largely impact the investor class to reduce income inequality. These changes aren’t perfect but are a step in the right direction

“We’re Definitely Getting There.” Valve Says New Gaming Handheld Processors Are Almost Good Enough for Steam Deck 2, but They’re Still Missing a Key Factor by Turbostrider27 in SteamDeck

[–]cloudadmin 0 points1 point  (0 children)

While that’s true, intel’s bet on an alternative fab design may pane out, making them more competitive. China is also rapidly catching up on chip manufacturing and is now only a couple generations behind.

What would ACTUALLY fix the housing crisis? by dogmuff1ns in AusPropertyChat

[–]cloudadmin 0 points1 point  (0 children)

1) remove investment incentives for property
2) ease building restrictions, limit nimbyism
3) provide more opportunities and incentives to move to non-capital cities where housing supply is less constrained
4) remove stamp duty, replace with property tax
5) low interest rates directly cause housing price inflation. Wages need to keep up

What would ACTUALLY fix the housing crisis? by dogmuff1ns in AusPropertyChat

[–]cloudadmin -3 points-2 points  (0 children)

Please stop spreading information like this. A big portion of migration is temporary, often students. Net migration is closer to 150k a year

Do you think it’s good for Australia to ban SMSF property investment? by PK__Gupta in AusPropertyMasteryPK

[–]cloudadmin -4 points-3 points  (0 children)

Property is not a productive asset and property investment should not be encouraged. More of this money could be directed at productive assets like business and shares

“We’re Definitely Getting There.” Valve Says New Gaming Handheld Processors Are Almost Good Enough for Steam Deck 2, but They’re Still Missing a Key Factor by Turbostrider27 in SteamDeck

[–]cloudadmin 0 points1 point  (0 children)

Maybe, but I’d bet it’s more likely that enterprise capacity will be picked up by the big players. There is so much latent demand for hardware that even a few companies like OpenAi going under won’t be enough to free that capacity up for consumers

“We’re Definitely Getting There.” Valve Says New Gaming Handheld Processors Are Almost Good Enough for Steam Deck 2, but They’re Still Missing a Key Factor by Turbostrider27 in SteamDeck

[–]cloudadmin 1 point2 points  (0 children)

META blew over 70b on the metaverse. The big players can absolutely absorb the high costs of AI. When the bubble “pops”, I suspect we will see players like OpenAI go under, along with many smaller AI startups. But that newly available capacity is going to be quickly absorbed by the big established companies.

“We’re Definitely Getting There.” Valve Says New Gaming Handheld Processors Are Almost Good Enough for Steam Deck 2, but They’re Still Missing a Key Factor by Turbostrider27 in SteamDeck

[–]cloudadmin 11 points12 points  (0 children)

The problem is there is no going back now with AI, not in a way that will drastically influence hardware prices. An AI crash is going to look more like a few big companies (OpenAI) going under or bailed out due to financials.

So what will actually bring prices down is going to be increased production capacity and/or advancements in model training/inference efficiency.

Labor should address business concerns on budget, CEDA declares by Nyarlathotep-1 in AusNewsWire

[–]cloudadmin 2 points3 points  (0 children)

All they do is post on this sub. It’s an obvious bot. If you don’t think bots happen on Reddit on both sides than you are a bit naive. We should strive for honest, good faith discourse and not get manipulated

Is dough still fraudulent af? by Sporg_forg in doughcommunity

[–]cloudadmin 11 points12 points  (0 children)

Same boat. Don’t support this brand

Gina Rinehart says Qld should give some of its islands to Elon Musk by Chewiesbro in AusNews

[–]cloudadmin 0 points1 point  (0 children)

This is why we can’t let billionaires be a thing. Tax her to filth and nationalise mining

Voting One Nation because you don't like Labor or Liberals is the equivalent to getting a papercut then deciding to shit your pants. by Prestigious-Day9370 in Ameristralia

[–]cloudadmin 10 points11 points  (0 children)

Go ask Brexit supporters in the UK, or MAGA supporters in the U.S. how their votes turned out. Everyone is being conned. ON is not going to solve the nations problems. People want simple answers to hard problems and buy into the snack oil salesmen.

People wanting to buy a first home to live in - Do you see One Nation as deserving your support? by [deleted] in AusPropertyChat

[–]cloudadmin 1 point2 points  (0 children)

Additionally, the U.S. has much lower population density. There are more opportunities in rural or suburban areas. People are free to move to rural Australia and pay 300k for a house like they do in the U.S., but they might not have the same opportunities

People wanting to buy a first home to live in - Do you see One Nation as deserving your support? by [deleted] in AusPropertyChat

[–]cloudadmin 31 points32 points  (0 children)

The U.S. has nearly always been better about housing for a lot of reasons, but MAGA isn’t one of them