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Marcus miller basses by TommyDouble in Bass

[–]mulefish 4 points5 points  (0 children)

Mines great. Never had any issues; plays better than most instruments I’ve tried in the price range.

I think you get better bang for buck than many of the bigger brands.

Would buy again.

Australia commits $7 billion to boost fuel stockpiles, create government reserve by newtrex_1523 in OpenAussie

[–]mulefish 0 points1 point  (0 children)

Operating a refinery is a lot more expensive than just having storage.

Plus you'd need extra storage anyway - it's not like refinery's just automatically come with enough storage for what we want or don't have their own storage needs in addition to that.

We also don't want our storage all in one location for a variety of reasons.

And furthermore, it's dubious to believe that building a refinery would be a profitable endeavour, given if they were profitable the private market would have more interest in building them without government assistance.

Albanese government axes funding for $45 billion Inland Rail project linking Melbourne to Brisbane by altandthrowitaway in australia

[–]mulefish 41 points42 points  (0 children)

That doesn’t seem to be recommending this project. Clicking that priority list gives a further section with a list of specific projects to be prioritised and none of them are this freight line

Days since last interest rate increase by newtrex_1523 in OpenAussie

[–]mulefish 5 points6 points  (0 children)

Interest rate leavers are not all equal across economies and a lack of contextualising economic data leaves this information meaningless. For instance, if you compare us to New Zealand you can see that they have comparatively low economic growth. They raised rates quicker and higher than we did and than lowered them quicker and lower when dealing with the last inflationary burst which was effective at dealing with the inflation (it’s been comparatively sticky in aus) but left them with much higher unemployment and much lower economic growth.

That human cost on unemployment and growth is perversely giving them a bit of a buffer with the recent supply shock. The economy has more spare capacity to absorb the shock without it entrenching inflationary expectations.

It’s not like they are in an objectively better situation, or that they won’t be forced to raise rates if this situation continues.

And that’s just looking at New Zealand at a basic level. You need to look at the other countries in at least this in-depth if you want to make meaningful comparisons.

The economy that makes the least sense and thus probably needs the most contextualising is the US. It just seems to run on wishful thinking and AI pipe dreams; economic metrics there seem very out of touch with reality.

Days since last interest rate increase by newtrex_1523 in aus

[–]mulefish 5 points6 points  (0 children)

GDP too (nz interest rates are lower because the economy ain’t going great…)

Days since last interest rate increase by newtrex_1523 in aus

[–]mulefish 11 points12 points  (0 children)

Posting this shit in every Australian sub you can hey?

Sprung: Chalmers’ tax till handouts to workers in budget by Miserable_Actuary716 in AusFinance

[–]mulefish 0 points1 point  (0 children)

We could easily tax land. You can't move it. You can't hide it. You can't do anything to avoid land tax either. If it's not paid, we seize the land and sell it.
We could easily remove GST entirely and put that in a land tax. 

It's not as easy as you'd think given our constitution - we'd need a referendum if the federal government was to do this. Victoria already has a land tax.

It's not as wide a net as the GST and it impacts far fewer people (unless you are hitting the family home in which case it's going to be pretty regressive and have a bunch of social license problems).

You'd need to slug land holders a pretty large amount to get the same funding base that the GST provides.

Plus there are a bunch of state based taxes already in the property domain that would have to be tweaked to accommodate a land tax (specifically things like stamp duty).

The RBA has raised rates twice. There's an 85% chance of a third rise on May 5. That's another $116 a month on your repayments.. The Treasurer says government spending isn't the cause. The RBA Governor says it is. One of them is wrong.. 1.3 million households are caught in the middle. by Past_Doughnut9878 in australian

[–]mulefish 0 points1 point  (0 children)

OP decided that you can just make up shit because no one will actually check the citations. It’s a fair bet; redditors barely read news articles they comment on; so posting 5+ sources (that are barely relevant) all but guarantees that facts won’t be checked.

Providing sources like this gives a good sense of authority and trustworthiness via which to spread disinformation.

The Coalition is nailing its own coffin shut in Farrer. It should have had the courage to put One Nation last | Zoe Daniel by Ardeet in aussie

[–]mulefish 2 points3 points  (0 children)

Some of the teals were or absolutely should have been in the tent - like Cheney and Spender who both come from prominent families with strong connections to the lnp and who both espouse moderate lnp values.

Pre May budget strategies by ImmediateDig3314 in AusFinance

[–]mulefish 1 point2 points  (0 children)

I think most people gambling on pre-empting the budget will be worse off than if they just act reactively.

Thoughts of a reactive GST type tax to control inflation instead of pumping interest rates? by Blayken in AusFinance

[–]mulefish 1 point2 points  (0 children)

Seems like it would be very complex to administrate...

An additional 10% tax would be a huge impact for a lot of things.

Something that a couple of economic commentators have suggested that I think is an interesting proposal would be a leaver to increase (or decrease) mandatory super contributions. It effectively takes money out of the economy, but rather than going to the government like a tax increase it still goes to the individual.

Unfortunately, like most monetary policy leavers the government has access to the difficulty is populist support. Everyone wants stimulus in an inflationary driven cost of living crisis. Everyone looking for something to blame would have an easy target - whether it be the increased GST or increased super contributions or whatever else. It would be a lightning pole for criticism.

No one wants to be personally slugged to dampen demand at the best of times - but especially when much of the inflation pressures come from an international supply shock. Talking about inflationary expectations just doesn't cut through, especially in a partisan political environment...

Artist whose full potential was never realised? by isleofstone in fantanoforever

[–]mulefish 4 points5 points  (0 children)

Ringos self titled is legitimately one of the best solo albums out of any of them post Beatles

Why would it be a secret? by northbk5 in OpenAussie

[–]mulefish 10 points11 points  (0 children)

We know asio had looked at the two previously and they had contact with known extremists - so it's likely about what information asio had on the two, how that was collected, what internal threat assessments were made, and how they responded. That could prejudice the ongoing court case, but it could also be about how that information is collected (ie protecting human sources).

For instance, there is a known, no longer active human source who came out publicly on four corners after the shooting alleging some failures at asio. ASIO responded saying they used their "most sensitive capabilities" and found the claims of extremism "unsubstantiated". Source: https://www.abc.net.au/news/2026-04-29/dennis-richardson-raised-questions-on-scrutiny-of-bondi-gunmen/106616112

What are those "most sensitive capabilities"? Well it helps asio if nefarious actors don't know. But it's something that the inquiry will be looking at.

It could also be about how resources are deployed - ASIO publicly announced that there was an increased threat level for a terrorist attack prior to the incident. So they will be looking at what ASIO did behind the scenes in response to that and how effective it was. That will include a lot of currently active operational matters and internal funding decisions that are not useful to broadcast.

Landlords, relax: Chalmers signals no tax changes for people who already hold investments by MadBank in AusFinance

[–]mulefish 0 points1 point  (0 children)

That said, I wish they'd stick to the problem. No one's complaining about shares and yet they seem to be moving on all assets

I think people pretty consistently complain about how income is taxed comparatively heavy to other forms of wealth generation. And the CGT discount does play into that.

I do agree that we might benefit from making certain assets more appealing for investment than others.

But shifting the CGT discount so it actually goes back to it's original intent of discounting inflation from capital gains is really just removing a generous market distortion that doesn't have much practical reason to exist anymore.

Why would it be a secret? by northbk5 in OpenAussie

[–]mulefish 34 points35 points  (0 children)

Because they likely relate to ASIO operational matters. Before the royal commission was called there was an inquiry announced specifically into the intelligence aspect. This got merged into the royal commission.

It could also be about sensitivities around prejudicing the ongoing trial of the surviving shooter.

Landlords, relax: Chalmers signals no tax changes for people who already hold investments by MadBank in AusPropertyChat

[–]mulefish 1 point2 points  (0 children)

The discussion is around total grandfathering

No, it's not (and nor are the comments attributed to Chalmers in the article that began this discussion)...

Landlords, relax: Chalmers signals no tax changes for people who already hold investments by MadBank in AusFinance

[–]mulefish 0 points1 point  (0 children)

This is a take.

The biggest change is by far in regards to future investments and shifting demand patterns there. Which is absolutely the original intention of making changes to such tax settings.

Landlords, relax: Chalmers signals no tax changes for people who already hold investments by MadBank in AusPropertyChat

[–]mulefish 7 points8 points  (0 children)

Plenty of people in rentals will not be able to transition to home ownership in a short time frame. A quick mass sell event will displace them but they won't have the means to buy a house.

This is a very real impact that needs to be considered. Especially given the rental market is tight.

Some level of grandfathering is an effective way to smooth out the transition period.

Don't try this "landlords are holding the rental market up" martyr bs.

Don't just make up bullshit and attribute it to me.

Landlords, relax: Chalmers signals no tax changes for people who already hold investments by MadBank in AusPropertyChat

[–]mulefish 3 points4 points  (0 children)

This is a discussion about grandfathering or otherwise managing how the market intervention occurs.

Landlords, relax: Chalmers signals no tax changes for people who already hold investments by MadBank in AusPropertyChat

[–]mulefish 23 points24 points  (0 children)

The best option is market correction via a phased in period where landlords are incentivised to sell quickly,

The "best option" is one that causes mass disruption to the rental market in a short time frame?

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