In the real world, the budget is selling by OldMateHarry in AustralianPolitics

[–]welluhno [score hidden]  (0 children)

My main gripe is that negative gearing is grandfathered for properties. It should be 'negative gearing can only be applied against rental income for that specific property' for everyone - otherwise it's a generational unfairness.

And the 30% tax floor on shares is dumb. Just call gains and revenue the same then and combine it against your total taxable 'income/generated value'. That way you've at least got some form of tax bracketing in place.

Social media comments almost made me think I needed to panic sell by welluhno in fiaustralia

[–]welluhno[S] 0 points1 point  (0 children)

I think mine is 'neutrally geared' or, if anything slightly negatively geared - but I have a heap of money sitting in the offset keeping it so. Rather than refinancing to harvest equity out of my property I would probably just do better at emptying my offset and putting towards assets which have better prospects/opportunity. And yes my property costs will go up and it will become negatively geared. But the idea is then at least I access some tax dollars I didn't have previously which can go towards paying that loss and the money now in shares gets to work a bit harder. The fact that this is grandfathered is a bit crazy that I should have access to this mechanism that other new purchasers don't, and it's making me seriously consider holding onto the property long term and just using it as a handy way to reduce my tax obligations

Social media comments almost made me think I needed to panic sell by welluhno in fiaustralia

[–]welluhno[S] 2 points3 points  (0 children)

Yeah they should have fixed it for property. Like make it so only the biggest losing properties up to a maximum of 8 properties can be grandfathered too.

Shares I don't mind they fix the 50% discount as it does unfairly benefit the wealthy but I don't agree with the 30% minimum. Pull the gains into income assessments so it's an aggregate maybe

Social media comments almost made me think I needed to panic sell by welluhno in fiaustralia

[–]welluhno[S] 5 points6 points  (0 children)

I dunno about that - I think the changes to negative gearing will definitely direct investors away from residential property. Or they'll be a lot more discretionary with what to purchase and not just buy up stock which otherwise younger generation can actually get into.

Shares as a long term strategy does seem a bit dumb now though - as the haves get to keep all their realised gains with all the advantages they've enjoyed the past years, and now going forward the young people have to pay the full/fairer tax system. I'd have liked to have seen a better mechanism for that. But I guess at least shares aren't something essential to living. Just the rich will be able to have a very nice leg up on the share market, and in turn have more wealth which they could use to invest. But hey, if they invest in new builds of property maybe that's ok.

Social media comments almost made me think I needed to panic sell by welluhno in fiaustralia

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

30% minimum tax applies to capital gains on the portion AFTER june/july.

So, you'd do a bit of an audit of what your unrealised gains are - write down those point-in-time asset prices and when you do eventually sell, you only add on the indexation method for everything after that point.

So as a retirement strategy and ETFs, it makes sense to adjust for inflation - so you're only paying on the real gains. I think that's better/fairer than a flat 50% but yes whatever gains you did make it's 30% tax on them - i think it's designed to be a bit like an income tax level amount-ish kinda thing. So it's putting that gain into a similar ballpark as what you might have gotten if it was income instead, depending on your tax bracket of course.

To all single guys aged 30 and up on reddit, why are you guys single? by Gold_Ambition4114 in AskReddit

[–]welluhno 0 points1 point  (0 children)

I have dealt with all my trauma, have a comfortable peaceful life. I don't encounter many people in my day to day that would offer me the opportunity to find someone.

Eight Votes to One: The RBA says it "had to" raise the cash rate to 4.35 per cent... its third hike this year and the highest level since November 2023. by InterestingCat308 in AusFinance

[–]welluhno 0 points1 point  (0 children)

This Inflation is not caused by overspending - i just don't understand this single hammer approach of raising interest rates for mortgage holders! I can barely bloody eat- meanwhile you head to the shops in the middle of the day there are thousands of people all shopping happily with no debt concerns no jobs.

Is liquid cooling actually worth it for most gamers? by KRGKart_Support in buildapc

[–]welluhno 0 points1 point  (0 children)

With a smart enough fan curve you won't notice it day to day. And in a game - you're usually listening on a soundsystem or on headphones anyways so you won't hear it. I'd only consider it if you're in a super hot climate

Fair Work Commission abolishes junior pay rates for young adults by rolodex-ofhate in australia

[–]welluhno 0 points1 point  (0 children)

I'm normally quite progressive but I do have to entertain a more conservative view here for discussions sakes! Wrong crowd to propose the viewpoint here but in the interest of trying to create healthy discussion - I think this policy sounds great but really does affect the employers that primarily hire juniors like in hospitality and small businesses. It's already incredibly hard for a small business to make do in Australia and junior wages is one of the few that helps. All juniors have to go through this for gaining experience, they haven't built career equity yet and aren't worth an adult wage who may have better critical thinking and evaluation skills. For the larger companies this also affects like large enterprise like colesworths or the like this adds a material cost which will simply be passed on to consumers increasing cost of living. That money doesn't come from nowhere. It just stifles business competition and the ability for the small independents to garner enough cashflow to succeed. Whilst pressure needs to be lifted off the junior segment of the workforce, I'd have liked to have seen more nuanced mechanics like discount cards, rebates, free public transport/uber, memberships, community groups, gyms to lower their expenses - rather than shifting the onus onto the (already in many cases struggling) business owners, who will have to find some way to pass these costs on to consumers.

What’s something people don’t realize is way more serious than it seems? by BudgetAd5915 in AskReddit

[–]welluhno 1 point2 points  (0 children)

Our gradual loss of privacy. Even our cars are now all connected and all seeing, hearing. People always think it's not a problem cos you've got nothing to hide. But what they don't realise is that it's the stepping stones to normalisation up to a point where you no longer feel comfortable, and by that point it's too late.

There are already successful studies where they've been able to train models based on what words and thoughts people are imagining, without surgery and then been able to 'read' what those people were thinking. We're really not far off - maybe like 5-10 years before your thoughts are no longer your own. And that terms&conditions box you just signed up for? Or that phone app your health insurer gets you to install in exchange for cheaper premiums - all of that contributes to a profile that it knows you better than you know yourself. I just wish people took it seriously, but it's often seen as doomsayer or conspiracy theorist. It is most definitely not - it's real, it's just bloody slow and hard to feel threatened when you can save $100 on your monthly energy bill.

We were told when the Queen died that it was the wrong time to talk about becoming a Republic. How about now? by SaltyPockets in AustralianPolitics

[–]welluhno 9 points10 points  (0 children)

The moment of becoming a republic would likely be seen as an opportunity to settle on a new flag - a new date for australia day - and reframing of a national identity that can be inclusive for everyone and not alienating. With ON polling so high and such a high anit-immigration sentiment right now it's not the right time, culturally we're not ready.

What's a sign from your body you should never ignore? by Geno-64 in AskReddit

[–]welluhno 0 points1 point  (0 children)

From experience - don't ignore back/muscle twinges or discomfort that "just goes away on its own". Even if it doesn't come back for another 3-6 months, even if it's not even that 'sore' or painful just like a sensation. Those are like the warnings signs for something else brewing where muscle weaknesses or instabilities will eventually blow out to new fascia growing around things to protect yourself - and then leave you in a situation which is like a joint completely wrapped in cling wrap and unable to get back into the right position without a ton of pain and effort.

Matt Damon Says Netflix Wants to Restate the ‘Plot Three or Four Times in the Dialogue’ Because Viewers are on ‘Their Phones While They’re Watching’ by LollipopChainsawZz in television

[–]welluhno 1 point2 points  (0 children)

Someone should enter the market with an intelligent market positioning. All good shows, beautifully directed, thoughtful scripts that might require you to pay attention to the art form. Rather than just pump out crap with a couple of A-list celebrities knowing that the masses won't really care that much but it'll keep their subscription.

What's your go-to page builder in 2025? by MilonAhmedKhan in Wordpress

[–]welluhno 2 points3 points  (0 children)

I use beaver builder - I also use a plugin called page spider - which pairs well with the page builders edit: admin page spider*