youth is defined as individuals aged between 12 and 24 years.
Grandfather the good shit in for the old cunts, make everything better for the younguns, and fuck everyone in between.
Story of my life.
I have to remind myself to keep calling it Income, and all income should be taxed equally. Sold some shares for profit? that is income. Sold an investment property for profit? That is income. Family trust is earning intrest? This is income. Started a small business and sold it for profit? That is income!
This.
The only modelling that isn’t better off is OnlyFans models.
Really, because if you listen to the press young people unanimously hate this and want Albanese’s head over it.
That’s because our press lie by omission; the full headline ought to be: “[we want] young people [to] unanimously hate this and want Albanese’s head over it [and we will do everything in our power to convince enough gullible idiots of this as possible].”
I basically just assume that everyone against these for going to far is outing themselves as the sort of person that would briefly entertain a crowd in a just world
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According to government modelling lol. The same government making the changes without running on them as an election point, the same government who before this election promised they wouldn’t make these changes. Sorry if I don’t believe them.
The CGT changes don’t make young Australians better off. They mean that investing just got a whole lot less effective as a means of building wealth.
Why should investment income be taxed less than employment income?
Normally investing comes with risk, so investing in economic activity which provides a boost to your country should be encouraged as it drives GDP growth.
The problem is we setup a generation of investors in a safe bet (or a rigged game depending on how you look at it) and it wasn’t driving economic activity which has resulted in very low increases in GDP despite increasing costs and competition.
The issue is what we’ve been investing in, not the discount.
If all that investment had been flowing into small businesses, generating jobs and economic activity, house prices wouldn’t be fucked and wages would be high. We’d all own a house and be wealthier as a nation.
Which in turn wont make young Australians better off in terms of entering the housing market or paying too much rent due to a housing crisis caused (in part) by that very means of building wealth?
