Australian budget 2026 CGT implications

If you believe the recent budget is tough imagine what life will be like with a digital AU dollar. Technically that could be done with little effort by the PTB, as every note is already uniquely numbered and it would not be difficult to add qr codes to coins
(and notes).

To the above add the following from FOX news this morning.

FOX reporter in Beijing covering President Trump visit. Chinese driver parked illegally for 20 minutes receives text message with a US$40 fine from local enforcement authority.

Everything is being recorded one way or another.
 
mmm....shiney! said:
For convenience i'll run with this:




The wealthy get a major benefit which comes at the expense of around 90% of the population because those capable of leveraging their wealth using equity simply fuel asset bubbles across all markets.

My position is not communist, it's based on a sound free-market principle. Something that the introduction of the CGT discount was meant to assist, but failed.
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I understand you’re a follower and understand it’s difficult to have independent, alternative thinking. It’s not easy when everyone around you has the same thought process,


Everyone has to start from somewhere, you can’t leverage wealth if you don’t have it start with, This even apples before CGT and NG was introduced, hard to believe right?
How did they do it? you can’t leverage what you don’t have.
I believe spending habits and liabilities kept to a bear minimum.
Free market eh?
We’ve have never ever had a free market.

It’s hard to accept failure when your a follower, Shiney. Your definitely not alone. It’s hard to get ahead when you follow the wrong crowd.it’s hard for anyone when they think they know but keep doing the same thing over and over again expecting different results.
It’s easier to blame others for your hardship
It’s a horrible mindset to be in, all I can suggest is you need to change asap.
 
betterinvestmentthanshare said:
Everyone has to start from somewhere, you can’t leverage wealth if you don’t have it start with, This even apples before CGT and NG was introduced, hard to believe right?
Click to expand...

The government's policy is an attempt to suck the air out of the housing market in an attempt to restore affordability and housing as a place to live, rather than a means for the wealthy to stick their hand out for freebies.
 
mmm....shiney! said:
The government's policy is an attempt to suck the air out of the housing market in an attempt to restore affordability and housing as a place to live, rather than a means for the wealthy to stick their hand out for freebies.
Click to expand...

So the first home owner grant didn’t work
The rent to buy scheme didn’t work
No stamp duty first home owner didn’t work
Low internet rates didn’t work
Flood the country with migrants didn’t work
Transition to green energy to halve electricity didn’t work.
Keeping inflation at a 2% didn’t work
Now raising interest rates ain’t working
Government being the largest employer both directly and indirectly
The list goes on and on
Now let’s blame and hit the middle class…..that will work
The best indicator of future performance is the result of the past performance.
The only benefit you will get Shiney is a very short feel good moment before reality kicks in and then you’ll get another opportunity blame someone else
 
Sigh, taxes exist to control the amount of money circulating in the economy by attempting to influence behaviour.

None of the other schemes worked because first home buyers can't compete with wealthy IP owners trying to make a $ out of houses that other people live in and then they cry foul when the government pulls the plug on free money.

My heart bleeds for them. No it doesn't. Entitled cunts.
 
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