I find it very hard not to feel angry about the unfairness, and intransigence of the wealthy in this country.
Why should I work so hard, to get so little, when these people have a leg up on everything. And I don’t count myself as that bad off, in fact I’m, overall, goin pretty well.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
Sooo… I suspect that this is dramatically misleading.
Suppose you earn $90k a year, you haven’t been able to save very much because hey… its tough out there.
Grandma passes away and leaves you $200k in shares, maybe she bought them for $100k 10 years ago.
You sell them so you can have a deposit for your first house.
Boom, the sale of the shares makes your taxable income in the top 10%, but you’re still not particularly wealthy.
Yes the CGT discount is shit but this graph just says water is wet.
How incredibly misleading, removing CGT discounts in general will fuck hard workers so bad.
Like tech workers getting paid 1/3 to 1/2 of their ~150k package in shares. Any investments made by the middle class, like ETFs you’ve been holding? Now double taxed
Dividends are a cancer, go after them? Negative gearing sure. Trusts? Maybe, a lot of genuine use that’s going to get screwed.
The data shows that it won’t though, that’s the point of the article. Those genuine use cases are really uncommon.
their ~150k package
Mate, that’s twice what the average Australian makes. The LLM-replaceables can take a minor hit so the Rheinharts give a bit more to hopefully the most needy. None of the people who will be hit by this will eat less or go less on holiday.
Mate, that’s twice what the average Australian makes.
It’s 50% more than what the average full time employee makes and these jobs often involve significant hours, personal sacrifices and have high skill requirements.
The LLM-replaceables can take a minor hit
Take that line to an election and lose. Go on.
There is a way to structure taxation so that the ultra wealthy, and multi-national corporations pay a fair share, without needing to fuck over working class Australians solely because they’re an insignificant amount ahead in income.
There is a way
In theory yes. But seeing how that’s the guys who own the guys who are coming up with the legislation, those are also the guys who made is so that a percentage of the working class is included, just so that we would not all be in agreement and the bill has a good chance of either failing or being repealed later. This is what any head bully does, make sure you have strong lieutenants in the community who protect your interests for them. Playbook as old as time.
And why would I take that to an election? https://lemmy.world/comment/23658769
