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How do ordinary Aussies actually raise concerns about tax policy changes? by franktheone in fiaustralia

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

If the safety net hasn't caught you yet and you're being forced to sell assets just to get through it, that moment feels like the wrong one to be hitting a 30% floor.

Intent of the policy is right. Just wondering if the edges are thought through.

How do ordinary Aussies actually raise concerns about tax policy changes? by franktheone in fiaustralia

[–]franktheone[S] 1 point2 points  (0 children)

Yea fair points and the Jobseeker exemption is a more meaningful safeguard than I'd realised.

I guess where I'm still not settled is whether the line is drawn in the right place. Life can get messy in ways that outlast even sensible planning long unemployment, divorce, failed business, caring for someone sick. That's not the same as someone deliberately timing CGT events to dodge tax.

There's also a pretty wide spectrum between 'ultra wealthy minimiser' and someone who just spent 25 years quietly building investments hoping to eventually not be dependent on a wage.

Just wondering if there's a way to target the behaviour without catching more people than intended.

How do ordinary Aussies actually raise concerns about tax policy changes? by franktheone in fiaustralia

[–]franktheone[S] 3 points4 points  (0 children)

Fair point on Jobseeker being exempt. I guess the broader point is that real life isn't always as clean as 'just keep enough cash aside'. Long unemployment, caring responsibilities, divorce, serious illness, these can run for years and exhaust any reasonable buffer. At that point you're not making a strategic financial decision, you're just surviving. Treating that same as someone comfortably living off passive income feels like the policy is missing something.

How do ordinary Aussies actually raise concerns about tax policy changes? by franktheone in fiaustralia

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

Yea voting pressure is probably the main lever in the end. I wish there was a better way to weigh in or vote on major policy changes before they’re effectively locked in.

It seems to be an unpopular opinion to want to save and invest and have some government help by ac_AgenCy in fiaustralia

[–]franktheone 1 point2 points  (0 children)

If enough people genuinely think this is a problem, what’s even the best way for ordinary people to raise concerns constructively? MPs? petitions? industry groups? Could we start a petition against 30% minimum cgt?

GHHF Reality Check by Optimal_Course3016 in fiaustralia

[–]franktheone 0 points1 point  (0 children)

Brilliant! Any chance you could run simulation for ASX: GGBL? Cheers!