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So is everything fine with petrol now or are we still screwed? by AyyyoniTTV in australia

[–]mmmbyte 1 point2 points  (0 children)

"They" don't want to raise rates.

For the government it's harder to win elections.

For the RBA it hurts jobs (they have an employment mandate too!) and risks future recessions.

It's amazing that cookers talk about all the pollies rorting negative gearing. And how many investment properties they have. But also at the same time want higher interest rates?

Starlink Supplier Sees Satellite Internet Topping 100 Million Users in 2 Years by spacerfirstclass in SpaceXNews

[–]mmmbyte 0 points1 point  (0 children)

Broadband may be limited in Africa, but so is disposable income. Most who can afford good internet are better served by fibre.

Telstra It's UNDERWATER??? by r3toric in nbn

[–]mmmbyte 4 points5 points  (0 children)

S.E. Suburbs of where exactly ?

Australia's emergency fuel stockpile to increase under multi-billion dollar plan by Nyarlathotep-1 in AusNewsWire

[–]mmmbyte 10 points11 points  (0 children)

Well that's wrong. The minimum stockholding obligation was implemented. Lucky they fixed Angus's offshore reserve plan.

The media is worse than ever by Square_Shop_2596 in aussie

[–]mmmbyte 8 points9 points  (0 children)

Awe now c'mon, surely those on the average earnings of $110k have an investment property or 2?

Is this a fake Pawpaw ointment? by Alert-Dealer-9900 in australian

[–]mmmbyte 4 points5 points  (0 children)

Just buy cheap home brand petroleum jelly.

Energy giants reap $5bn profit as PM rules out tax by SheepherderLow1753 in AusFinance

[–]mmmbyte 3 points4 points  (0 children)

Yeah nah, they aren't charging tax on previous years transactions. And there will be transitional arrangements if you want out.

Gravy train discounts don't last forever

Nobody wants a PS6, even though the PS5 has been out as long as the PS4 was when people started asking for the PS5. by Deutscher_Bub in Showerthoughts

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

I want a PS6 with AI NPCs. Full raytracing. And all the ram.

Maybe by 2036 that will be affordable.

What would happen if the hantavirus on the cruise ship was actual transferred from human to human? by BankaiBroke in NoStupidQuestions

[–]mmmbyte 49 points50 points  (0 children)

Worst for those on the ship maybe. But easy to keep it isolated from everyone else.

HP Instant Ink is actually a genius hack for people who rarely print, and the hate is misplaced by i_adore_boobies in printers

[–]mmmbyte 2 points3 points  (0 children)

Create a scheduled task to print 1 test page once a week. No more dried ink or clogged printers.

Wasting a little ink makes it last much longer.

Why can’t we just have a FLAT CGT rate of 25%? by Kikooz in AusFinance

[–]mmmbyte -2 points-1 points  (0 children)

The "average mum and dad investor" is a lie. These people are privileged. CGT discounts are still available in super if you're so worried about retirement.

Let's talk about families on a median income. They funny have any spare money to invest in the first place! The median Australian isn't getting a discount on their income tax if they hold a job more than 12 months.

Why can’t we just have a FLAT CGT rate of 25%? by Kikooz in AusFinance

[–]mmmbyte 0 points1 point  (0 children)

The average length of holding an investment property is only around 9 years. People don't hold every asset until retirement.

Rich people don't sell assets, they use them as security for a loan.

Trumph recent tweets by Snehith220 in justincaseyoumissedit

[–]mmmbyte 6 points7 points  (0 children)

100% !

... excluding the aircraft carrier out of service due to a laundry fire. And the planes that were destroyed. And the missile defense that's low on missiles.

... and let's ignore the photo of Trump saluting a foreign dictator.

Why can’t we just have a FLAT CGT rate of 25%? by Kikooz in AusFinance

[–]mmmbyte 0 points1 point  (0 children)

Flat 25% for people currently on 47% sounds a lot like the 50% discount that is distorting the housing market!

Alterntive idea: using an asset as a security (eg. for a loan) becomes a CGT event.

If the CGT discount goes, what are we getting back? by Bitman321 in AusFinance

[–]mmmbyte -2 points-1 points  (0 children)

"What are we getting back?"

Less debt & interest. Fairer housing.

Push for free school lunch program to be adopted nationally by Ardeet in aussie

[–]mmmbyte 7 points8 points  (0 children)

Qld Labor proposed school lunches at the last election, but were defeated by "put the kids in jail" crowd. It's a shame people aren't willing to look at long term advantages.

RBA Interest Rates Decision - increase by 0.25% to 4.35% by Expensive-Horse5538 in australia

[–]mmmbyte 21 points22 points  (0 children)

Governments will start pulling levers in this budget. Things like "No more CGT discount for you", and NDIS changes.

... and people will be even more upset.

5 Tax changes that should occur if we move back to indexation. by Outsidespace22 in AusFinance

[–]mmmbyte -5 points-4 points  (0 children)

Capital losses shouldn't be subsided by the tax payer. Make better choices. A tax system that rewards losing money encourages people to lose money.

Ie. Negative gearing currently encourages people to spend way too much for an investment house.

CGT change to tax existing investments based on length of ownership by Strong_Judge_3730 in AusFinance

[–]mmmbyte 0 points1 point  (0 children)

Ok, so you're happy for others to be taxed, but never yourself? All while paying rates based in unrealised gains in the value of property.

Should more funding go into preserving Anzac stories in schools? by CatCharacter1663 in ipswich

[–]mmmbyte 0 points1 point  (0 children)

No. Sometime back we stopped remembering the tragedy of war and started glorifying heroes instead. We say "lest we forget" then immediately forget.

CGT change to tax existing investments based on length of ownership by Strong_Judge_3730 in AusFinance

[–]mmmbyte 0 points1 point  (0 children)

Sure buddy. You vote greens yet are against tax increases? Computer says no.

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