It's crazy how hard the media has been working to convince millions of Aussies trying to make ends meet that these changes are somehow bad for them.
this post was submitted on 23 May 2026
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Do you see this being challenged anywhere? I'm only on piefed, and it all seems pretty sane here. And IRL the groups I move in get it. But there are plenty of others who could undo it all.
I almost feel like putting up posters around the neighborhood or something.
The capital gains discount removal is bad for anyone with any investments, and people without any investments aren’t going to be any better off because of it.
They basically had to include all capital gains because otherwise the consolation tax cut wouldn't be worth the paper it's written on. The $250 annual WATO is small, but it's big relative to the amount the average Australian's investments will suffer.
A $250 tax cut isn’t worth the paper it’s written on.
Yeah. Front page of news.com.au. guy with 150 properties says the new changes will ramp up rent and benefit rich people
Pretty sure they've been ramping up rent anyway 😂
At least now some of it is tax, which can also be used for first home owners grant and towards helping the disadvantaged
First home owner grants do nothing but increase house prices by the same amount lol.
Absolutely agree with your idea there, but maybe durect the funds to building new housing department houses, that's what lowers or at least keeps prices on keel, adding more avenues into an already overinflated market, like more first home buyers grants etc, will just push the prices up more, like all the other policies put in place recently have.
Yeah.. Agree. That would be better. The point is to provide an advantage when first home owners buy
I am fortunate that i had help from my parents, but, I'd dread to not have that possibility
It's no surprise that those with money who are being impacted are making as much noise as possible. It really irked me when there was all that startup meme rubbish, mainly because of how misleading and disingenuous it was.
But, I think there is room for improvement. I take the view that two of the main problems Australia has are:
-
lack of personal financial security because people don't live in their own homes, part of which is the cost of living issues, homelessness, and just general fear which leads to a lot of the right wing opportunism.
-
Poor business environment, caused by high operating costs (see point 1 - it's the same cause) and poor funding environment. This in turn leads to a lack of sovereign capabilities, meaning we buy foreign services riddled with surveillance (see electric cars, online services, government services contracts, etc).
What we need is housing not to be used for speculation, and high investor returns, and have it used for providing security and shelter to people.
We need that money to now be put into Australian businesses. Specifically new and small businesses, but really, any business that actually does things in the world, employs Australians, and adds to our national capability.
Make a carve out for those businesses (not just startups) so the tax sector incentives building Australia's capabilities, not rent seeking, not speculation, not investing in foreign assets.
seems Albanese still hasn't learnt the first rule of how the Liberal Party responds
https://www.youtube.com/watch?v=xHash5takWU
I don't know what they have to say It makes no difference anyway Whatever it is, I'm against it No matter what it is or who commenced it I'm against it
Your proposition may be good But let's have one thing understood: Whatever it is, I'm against it And even when you've changed it or condensed it I'm against it