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.
Click to expand...

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.
 
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