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1
Blah-Blah Bar / Re: General Discussions
Last post by ElwoodBlues1 -
Chalmers is real desperate with debt levels climbing and a Federal Budget looming where he has promised tax cuts and give aways but doesnt really have the money but Albo cant have the voters without some free gifts.
Gentleman Jim wants to go back to 2006 and retrospectively try to claim CGT and over rule court rulings.The proposed law aims to override two 2025 Federal Court rulings that favored foreign investors (Newmont and YTL Power) regarding the sale of assets, which the ATO had previously pursued. Those assets at the time included wind turbines, solar panels, and batteries, of course Australia would be looking at Foreign Investment for any upgrades or new infrastructure whatever Energy programs they decide for the future but its hard to see Foreign Investors trusting the Aus Government if this legislation gets backdated to 2006.

@Thryleon....ie you look a Government Housing building programs and in particular the HAFF and its just a conga line of corruption....ex Labor Politicians running Super Funds that are investing in the HAFF with CMFEU officials on the Cbus board and with the CFMEU doing the building works and with Swan delaying payments to CBUS members and the Government unbale to provide solid figures on the number of houses built. If your a CBUS member do you really want your money going to the CMFEU?
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Blah-Blah Bar / Re: General Discussions
Last post by Thryleon -
Im seeing a lot of talk these days about housing affordability and certain schemes the government continue coming up with to try and make this problem better. 

Effectively, almost every single thing they do to try and fix the issue of too much demand, not enough supply, invariably comes around to not really make one iota of difference because the fundamental issue is still the same.  People buy assets, because that is the only way to beat inflation.  Nothing more, nothing less.   Changing the capital gains tax is the latest.

Im neither here nor there on this.  I have seen people attack negative gearing, capital gains tax discounts, and various other schemes that effectively get used by people to help build wealth and the argument is, it makes everything cost more.  This to me is actually, bullcrap.  Ive had a look at it, on the surface of it, its a "fairer for australians, around asset investment" but in reality, its a big ponzi cash grab by the government that serves only to take money out of peoples pockets, and give it to the government. 

Why?  Here is the real world example of what it means for someone who has a 100k a year income, and then realises a capital gain on a 500k investment property hat has appreciated to a million after holding for 2 years (making the numbers simple and ensuring they qualify for the CGT discount):

Current system with a 50% CGT discount:
Tax outcome (simplified marginal rates FY-style)

Apply discount
$500,000 × 50% = $250,000 taxable capital gain
Step 2: Add to income
Salary: $100,000
Taxable capital gain: $250,000
Total taxable income = $350,000
At $350k income, you're in the top marginal bracket (45% + Medicare levy) for most of that CGT portion.

We’ll approximate:
First $100k taxed progressively (salary)
The $250k CGT is mostly taxed at ~45% + 2% Medicare ≈ 47% effective
CGT tax:
$250,000 × 47% ≈ $117,500 tax


Hypothetical with a 25% discount:
Step 1: Apply reduced discount
$500,000 × 25% = $375,000 taxable capital gain
Step 2: Add to income
Salary: $100,000
CGT: $375,000
Total taxable income = $475,000

Comparison:
50% discount: taxable CGT 250k - Approx CGT Tax 117,500.
25% discount: taxable CGT 375k - Approx CGT Tax 176,500.

The indvidual is out of pocket an extra $58750.   The problem I see is that doesnt solve any problems, and serves only to give money to the government. 

It doesnt de-incentivise investment.
It wont significantly reduce pricing.
The ones most likely to cop it in the neck are not going to make on an paper gain to prevent losing money.
It actually reduces the incentive to develop property as it will reduce the profit margin significantly on property not attaining a CGT discount. 

The flow on effect to the stock market is likely to cause a lot of headaches and not really solve any problems, because you CGT applies to all Captial Investments not just property. 

What a mess.  Who comes up with this stuff?
3
Robert Heatley Stand / Re: AFL Rd 6 2026 In game Angst Carlton vs Collingwood
Last post by PaulP -
Quote from: ratlice – on
What's the deal with Hewitt not in the team?

Could be the need for speed, or it could be that his form has dropped off. He is listed in this article as our biggest "slider":

https://www.foxsports.com.au/afl/afl-2026-every-clubs-improver-and-slider-champion-data-analysis-column-trade-and-free-agency-recruits-performance-this-season-latest-news/news-story/b5b0e5f407868cfc2e1551db4b23bcda
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Robert Heatley Stand / Re: VFL Rd 4 2026 Carlton vs Collingwood at Carlton.
Last post by crashlander -
One thing we have in our favour this week is Lord and Hewett: that sort of mid power should improve our team's clearances.
Reidy and O'Keefe should improve our rucks.
Key forwards? Key defenders? Aye, there's the rub.

Will Phillips play for us again? Somehow, I doubt it. But he would be very useful.
7
Robert Heatley Stand / Jim Park Voting AFL Rd 6 2026 Carlton vs Collingwood
Last post by crashlander -
Voting is as usual: you have 15 votes to award pretty much as you will, with the following provisos:
[1] 15 votes in total, no more, no less.
[2] No more than 10 votes for any one player (even Sam Walsh or Patrick Cripps)
[3] Three players at least must get a mention.
[4] A grade for the game, A+ (what I want to see) to F-.

I haven't posted last rounds results yet in the hope that someone else might want to vote. Certainly these short weeks and odd game times do affect peoples' voting habits.
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Robert Heatley Stand / AFL Rd 6 2026 In game Angst Carlton vs Collingwood
Last post by crashlander -
I really hate Thursday night football. This will probably be the only one I get to this year.
We have won only 2 Thursday night games, and of those, only the win against Essendon at the end of last year was truly satisfying.
Can we pull off an upset tonight? I hope so, but I am not confident. We simply do not appear to have addressed the reasons why they have been beating us lately.