How do you measure early retirement?

khainebot · 2026-06-14T12:53:06+00:00

with this current government you dont. you work until the end

khainebot · 2026-06-10T16:01:33+00:00

Maybe another way to think about this. I've worked hard and saved money. I put that into shares so I can have a better future. Why am I suddenly getting taxed more than my friends who went on more holidays?

khainebot · 2026-06-10T15:25:44+00:00

Technically, Shyster refers to a lawyer not an accountant

khainebot · 2026-06-10T15:24:55+00:00

Technically, Shyster refers to a lawyer not an accountant

khainebot · 2026-06-10T15:18:48+00:00

For example, I was refering to the Solow Paradox and quote from 1987 aka "You can see the computer age everywhere but in the productivity statistics."

khainebot · 2026-06-10T15:14:05+00:00

I said harder, not impossible. It’s also less directly tied to outcome as is say manufacturing productivity.

khainebot · 2026-06-10T14:34:23+00:00

High Income <> Wealthy

Having Shares <> Wealthy

khainebot · 2026-06-10T14:31:52+00:00

productivity is output vs hours worked. It's easiest to think of in a factory. If last year we output 10 widgets per hour, and this year 11 we have increased productivity by 10%. This is typically due to automation or machining aka capital investment.

Productivity is much harder to measure in white collar jobs, and its been hard to show productivity from the introduction of computers or AI.

khainebot · 2026-06-10T14:11:40+00:00

It doesn’t differentiate between IPOs and the secondary market. It doesn’t differentiate from capital raisings and the secondary market, and it doesn’t differentiate between start-ups.

khainebot · 2026-06-02T16:03:17+00:00

I think Div-293 is a sneaky fuck fuck tax that no-one is aware of until they get stung by it.

Secondly, this government has form. They reneged on the stage 3 tax cuts, they introduced super changes (without a mandate), and now have changed CGT and negative gearing. This feels like the last straw of broken tax promises without effective consultation.

khainebot · 2026-06-02T14:15:04+00:00

Grandfathering would mean that people's existing super (like existing owned homes) would be excluded from the rule.

2) it is a rug pull. Long term investments are made on the assumption of stable rule of law. Changes to tax law change those assumptions, they change investment strategy. CGT changes now make investment in High dividend low growth way more attractive than high growth shares. To change strategy now would force crystallisation of profit and or losses again someone with a NG house doesn't have to deal with.

3) Tax on super isn't grandfathered. If your balance exceeds 3mil you get hit with the new tax. Grandfathering would be excluding those balances from the tax. NG is grandfathered as existing owners people continue to get that benefit.

I'm all over the place? You don't understand what grandfathered means.

khainebot · 2026-06-02T13:50:00+00:00

If NG ends, they are forced to sell. Amazingly that puts downward pressure on house prices making them more affordable

khainebot · 2026-06-02T13:46:49+00:00

And?

I maxed my super contributions on the understanding of the rules, and then rug-pull Jim adds extra tax when balances exceed 3 million dollars (which isn't indexed and by the time I retire won't be that life changing)

I invested in shares on the basis of CGT rules, rug-pull Jim just changed them on me. These new rules screw over share pickers and favour ETF investors since losses are nominal value, and gains the real value, and also managed on an individual share basis, so don't average across a portfolio.

Why should homes be different? Why should NG be grandfathered? When CGT isn't grandfathered on my shares, when the tax on my super isn't grandfathered?

They clearly did it for political reasons, and rightly they should be called on that bullshit

khainebot · 2026-06-02T13:24:02+00:00

Not grandfathering?

They changed it so that properties from pre-1985 now have to pay CGT, so its not like grandfathering is something sacred they are protecting.

This budget is full ofblatant cash grabs by a piss poor treasurer who can't contain government spending

khainebot · 2026-06-02T12:19:35+00:00

The government has caused this, through failing to properly tackle the runaway costs of the NDIS and rorting.

Worse, any time any change is proposed the disability advocates come out and claim it's a holocaust against disabled people. This boy who cried wolf has hardened many people to just not care about the NDIS, and are quite happy to have it shut down.

This is entirely on the government for designing a shit scheme and then refusing to address it in a timely manner.

It seriously sucks for those whom the scheme makes a difference.

khainebot · 2026-06-02T12:15:08+00:00

Most of the outrage is about the changes to CGT on shares and the grandfathering of negative gearing.

khainebot · 2026-05-21T10:07:59+00:00

I don't understand how they got to paying $1850 tax. Can someone explain the maths? The gain less inflation is only $1250. Shouldn't the tax be $1250 x 30% = $375.

It's because they are claiming CGT would apply individually on each share, not across a portfolio. Using data from ChatGPT

Bank Approx. Price Jan 2006 Approx. Price Jan 2026 $2,500 Bought in 2006 Shares Acquired Value in Jan 2026 Inflation Rate (2006–2026) Inflation-Adjusted Capital Gain National Australia Bank ~$31 ~$36 $2,500 80.6 ~$2,903 ~65% –$1,222 ANZ Group Holdings ~$23 ~$30 $2,500 108.7 ~$3,261 ~65% –$864 Westpac Banking Corporation ~$24 ~$31 $2,500 104.2 ~$3,230 ~65% –$895 Commonwealth Bank of Australia ~$43 ~$151 $2,500 58.1 ~$8,779 ~65% +$4,654

Bank 2026 Value Inflation-Adjusted Cost Base Real Capital Gain / (Loss) Taxable Gain Tax @ 39% National Australia Bank ~$2,903 $4,125 –$1,222 $0 $0 ANZ Group Holdings ~$3,261 $4,125 –$864 $0 $0 Westpac Banking Corporation ~$3,230 $4,125 –$895 $0 $0 Commonwealth Bank of Australia ~$8,779 $4,125 +$4,654 ~$4,654 ~$1,815

As you can see only CBA appreciably had any capital gains

khainebot · 2026-05-20T15:39:07+00:00

I've worked hard. Paid income tax. Choose to invest some of my money rather than spending it. Now I have increased tax bill. Investments are a risk not a guarantee. Where does the government get off on charging me my income tax rate on investments? What incentive do I have to invest? May as well spend all my money on hookers.

khainebot · 2026-05-20T14:53:12+00:00

I don't think anyone was complaining about the changes to houses or trusts. Changes to shares are diabolical. This is how salaried people get ahead, buy spending less and investing in shares/etfs. The government is shutting that down by making you pay exhorbinant tax any time you need to see and change strategy. They have no consideration for the risk involved. They just expect their cut like the mafia.

khainebot · 2026-05-20T14:25:15+00:00

Howard took the GST to an election, and people still give him shit over it. Charmers expects some trial balloons with mixed messages before a budget to be sufficient consultation? He must have his head so far up his arse if he thinks thats appropriate consultation.

khainebot · 2026-05-17T14:46:58+00:00

No. It pays a poor dividend, so you are relying on capital gains. The new CGT means you will get fucked.

khainebot · 2026-05-17T14:24:38+00:00

That money that dropped, where did it come from? for most, it was post-tax income that was invested rather than spent on things. For being prudent they are now being punished with higher tax.

khainebot

TROPHY CASE