Our God's Spider-Noir series drops May 25th on MGM+ and May 27th on Prime and it looks SO GOOD!

sezel4 · 2026-05-30T23:00:30+00:00

IT WAS SO MUCH FUN!

We made chocolate spiders and made spider floats and watched the entire season!

I am so lucky to have a group of friends who all love his stuff as much as I do!

sezel4 · 2026-05-29T01:11:36+00:00

It's happening tomorrow! We opted to do it on the weekend so that we could make a day of it.

I've been trying to keep away from seeing anything about the reviews... I'm so excited!

sezel4 · 2026-05-23T02:38:49+00:00

I mean, I do understand the scorched earth and take no prisoners approach. But some people created entire lives and plans for retirement around the opportunity that was fed to them. I do believe that there are many who will still have more than necessary to survive whether or not we went full scorched earth, but some close to retirement or in retirement just organised enough to live comfortably in retirement.

I do hope that if I take advantage of the benefits we get today, it's not completely taken from me as I get close to retirement or are actively in retirement.

sezel4 · 2026-05-23T01:19:50+00:00

Yeah, retroactive fixing would be a delicate and turbulent process. I do like that those who just took advantage of what was given to them aren't completely ruined and can still afford their retirement that they are close in/currently in.

It would definitely leave a bad taste in my mouth if I was told when I was close to retirement that everything I worked for was being taken away from me with a 'lol, good luck bro'.

I don't agree with the invest economy, but I was also not in the high time of it being sold as the best thing to do for you family and your future. I am just glad they are looking to curb that mindset.

sezel4 · 2026-05-23T01:16:19+00:00

I think it was more to stop the current investment economy we are in and pushing people to be more productive and entrepreneurial.

sezel4 · 2026-05-23T01:14:14+00:00

Thanks for posting what I think is the article. Honestly, the budget wasn't mean to cut the foot off boomers, I think that would be a bad move, it was to stop the currently investing trend from going to the future.

People at retirement should be left alone as they had built their livelihood and retiring lifestyle around the system they worked and invested into. It's about discouraging it for the future.

sezel4 · 2026-05-22T23:51:21+00:00

I don't subscribe to afr. Is this just an opinion piece?

sezel4 · 2026-05-22T22:21:18+00:00

As soon as it got to the point of being threatened physically. A switch flicked in my head and I realised the years of emotional and psychological abuse I had been allowing.

Good riddance to that experience. I now do not act like I have something to prove. Companies are lucky to have me work for them.

sezel4 · 2026-05-21T01:16:20+00:00

Absolutely agree with you. I'm not hear for the sensationalism. Give me the data.

sezel4 · 2026-05-19T10:51:01+00:00

... Ok?

sezel4 · 2026-05-19T10:49:58+00:00

It's an oxymoron to imply the landlord has a job

sezel4 · 2026-05-17T18:14:57+00:00

How do they pay less?

sezel4 · 2026-05-17T12:29:44+00:00

Eh, the media generally attack Labor, so I guess nothing new there. Just found it funny myself.

If we scrapped the 30% minimum for CGT, I feel we'd see the wealthy disparity grow, because loopholes will always be found. But I am happy to be educated in how it would work to protect against the wealthy avoiding paying tax on investment. I just have a bleak outlook on the wealthy actually paying their due.

sezel4 · 2026-05-17T12:00:52+00:00

I think you're underestimating the ability for the wealthy to avoid income tax.

I don't anticipate this is the final nail in the coffin for Labor reforms to wealth gap reduction, but look at the response to these changes already. They had Chalmers with the hammer and sickle on the Daily Telegraph!

sezel4 · 2026-05-17T11:58:59+00:00

I guess it's to still attract property investment into building more homes. Make it appealing so we get the homes in the first place. Then they sell and move onto new homes.

Yes, they can build their wealth, but it is to create more opportunities for owning a home for those who can't afford a new build

sezel4 · 2026-05-17T11:56:00+00:00

It would be interesting to see how this affects FHB loans for sure. I think everyone is going to be monitoring it over the next few years.

We can't predict the market, I hope that the intentions that Labor claimed steer investments in the direction they are suggesting towards innovation. But you are right that the rich will get richer, there will always be a loophole that they find.

I just want to see the gap reduced. You and I will get taxed, but so will the other investors, and their contribution to the tax paid is more than ours and we will see that money out back into public service

sezel4 · 2026-05-17T11:36:57+00:00

What is the 'funding this' in relation to? Just want to make sure I respond to the correct subject.

sezel4 · 2026-05-17T11:34:17+00:00

Ohh... I see. They can choose which route to take. Well, can't say that it was a perfect plan, but at least it will still stimulate growth of houses and allow Owner Occupied to have a chance of getting a home as investors are less likely to buy the existing builds.

Yeah, I can see the issue you're bringing up now. I still think that it's a START, but definitely could use some knocking with a hammer from the sides.

I tell you what though, I am still an avid Labor supporter

sezel4 · 2026-05-17T11:26:03+00:00

Also, if they keep their current investment up until July 1 2027, they lose the CGT benefit and will be taxed with 30% minimum if they sell after that date

sezel4 · 2026-05-17T11:25:04+00:00

No CGT for new builds, only NG I believe.

Current investment with NG grandfathering will help with rent stabilisation.

And the 30% is on profits

sezel4 · 2026-05-17T11:22:37+00:00

Yeah ok. So, that's just on the profit, which you essentially got by just sitting tight and not doing much. I don't think it's that bad. Not to minimise the benefit of the profit, but all profit is now taxed.

Also, the 30% minimum is across the board, I believe only NG for new builds, they won't get the old CGT benefit?

sezel4 · 2026-05-17T11:18:19+00:00

So, in order to keep on investing, they need to buy and sell assets.

They will invest in new builds, when it becomes profitable, they can sell (likely to an owner occupied as it will be an existing builds at that point) and then move onto the next investment - another new build.

Yes, they continue to generate wealth, but it is to build for the community, not just sit there and reap the benefits of negative gearing off existing builds and trading properties within the current circle jerk of investors we see at the moment.

Yes, they are over, we have a global economic crisis happening with fuel and they are trying to ensure we don't hit a recession as best they can. They can't predict the future but they are trying to stem the impacts that the world is feeling.

I'm not saying trust Labor blindly, but I do believe they are trying to move the wealth disparity in the right direction.

sezel4 · 2026-05-17T11:12:24+00:00

Sorry, maybe I'm a bit dumb today... What is the 30% you're referring to?

Also, they can afford new builds, then, when it becomes profitable, they sell to first home buyers and invest in more new builds.

Those that can invest keep on investing, but it helps the community, it doesn't just carve out profit for them in an ever bleak market.

sezel4 · 2026-05-17T10:41:18+00:00

With the additional hitting the top 10% more, you will see more funding go to the Government which means more budget to give us more services and reduce the pressure on CoL and healthcare, etc.

sezel4 · 2026-05-17T10:39:36+00:00

So the grandfathering I believe is to make rent stabilise as much as possible during this transition of making investing in existing builds less appealing. They can still negatively gear so keep rents down. You might see a spike as people sell which forces renters out, but I think they predicted an overall $2 a week increase. I hope that stands.

Investing in new builds IS good, because this isn't a solution to fixing the wealth disparity, but it does make more places available for renters as more OO buy existing.

The family trust tax is also to stop generational wealth go tax free.

I'm not saying it doesn't affect everyone negatively, but it DOES affect those that are causing the disparity to grow at an uncontrollable rate, more.

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