Australian Politics Forum - Gary Stevenson: "Tax the Mega Rich"

MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #45 - May 12^th, 2026 at 6:58pm

Bobby. wrote on May 12^th, 2026 at 6:50pm:

MeisterEckhart wrote on May 12^th, 2026 at 6:34pm:

Bobby. wrote on May 12^th, 2026 at 6:26pm:

You still haven't watched the video and now you're making stuff up. Roll Eyes

Adam comes back to Australia quite often -
he just doesn't live here anymore.

Watch it properly and learn something:

[]https://www.youtube.com/watch?v=NAqvKD9SUZc[]

You think he's the only one to scoot from Australia and settle down in a corrupt nation?

Why Cypress? Why Panama? Both nations with a bad reputation for allowing access to illegal or questionable wealth... Coincidence?

He went to countries that don't tax the living Christ out of people with money.

We need people with money to invest here in Australia
but they are leaving now due to the 100s of taxes.

He left and went to corrupt countries... seeking citizenship in both of them.

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #46 - May 12^th, 2026 at 7:03pm

Bobby. wrote on May 12^th, 2026 at 6:57pm:

Crypto and Personal Property: The IRD generally considers cryptocurrency and assets bought with the specific intention of disposal to be taxable income upon sale.

I'd bet 'Adam' is balls deep in crypto.

It's the usual modern reason why the Adams of this world strip themselves of their citizenship and f~ck off to dodgy countries.

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Bobby.

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #47 - May 12^th, 2026 at 7:10pm

Bobby. wrote on May 12^th, 2026 at 6:57pm:

What about moving to New Zealand?
is it better for rich people?

Google AI:

New Zealand does not have a comprehensive capital gains tax, meaning general profits from the sale of assets like shares, crypto, or property are typically not taxed if held as long-term investments. However, the government does tax specific capital gains as ordinary income in several key scenarios, functioning as a targeted or "lite" capital gains tax.

Key areas where capital gains are taxable include:

Residential Property (Bright-Line Test): Profits from selling residential property are taxed if sold within 10 years of purchase (for properties bought on or after March 27, 2021) or within 5 years for certain new builds and properties bought between 2018 and 2021.

Share Trading: If the Inland Revenue Department (IRD) classifies you as a "trader" rather than a passive investor—based on intent, frequency of transactions, or business-like behavior—profits are taxed as income.

Foreign Investments: Investors with foreign shares exceeding NZ$50,000 in cost are subject to Foreign Investment Fund (FIF) rules, which tax gains based on prescribed methods like the Comparative Value or Fair Dividend Rate methods.

Financial Arrangements: Gains on certain financial instruments, such as bonds or currency fluctuations, are taxed under financial arrangement rules, often on an accrual basis.

Crypto and Personal Property: The IRD generally considers cryptocurrency and assets bought with the specific intention of disposal to be taxable income upon sale.

Albo has a great lifestyle.

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Albo_s_lifestyle.jpg (208 KB | 4 )

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MeisterEckhart Gold Member Offline Australian Politics Posts: 17122 Gender:	Re: Gary Stevenson: "Tax the Mega Rich" Reply #48 - May 12^th, 2026 at 7:15pm Bobby. wrote on May 12^th, 2026 at 7:10pm: Albo has a great lifestyle. Awww... now it's about an Australian PM being able to afford an expensive home...
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Bobby. Gold Member Offline Australian Politics Posts: 119801 Melbourne Gender:	Re: Gary Stevenson: "Tax the Mega Rich" Reply #49 - May 12^th, 2026 at 7:34pm MeisterEckhart wrote on May 12^th, 2026 at 7:15pm: Bobby. wrote on May 12^th, 2026 at 7:10pm: Albo has a great lifestyle. Awww... now it's about an Australian PM being able to afford an expensive home... Living large while he taxes the living Jesus out of everyone.
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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #50 - May 12^th, 2026 at 7:35pm

Bobby. wrote on May 12^th, 2026 at 7:34pm:

MeisterEckhart wrote on May 12^th, 2026 at 7:15pm:

Bobby. wrote on May 12^th, 2026 at 7:10pm:

Albo has a great lifestyle.

Awww... now it's about an Australian PM being able to afford an expensive home...

Living large while he taxes the living Jesus out of everyone. Roll Eyes

How old are you?

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Bobby.

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #51 - May 12^th, 2026 at 7:39pm

MeisterEckhart wrote on May 12^th, 2026 at 7:35pm:

Bobby. wrote on May 12^th, 2026 at 7:34pm:

MeisterEckhart wrote on May 12^th, 2026 at 7:15pm:

Bobby. wrote on May 12^th, 2026 at 7:10pm:

Albo has a great lifestyle.

Awww... now it's about an Australian PM being able to afford an expensive home...

Living large while he taxes the living Jesus out of everyone. Roll Eyes

How old are you?

None of your business.

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #52 - May 12^th, 2026 at 7:45pm

Bobby. wrote on May 12^th, 2026 at 7:39pm:

MeisterEckhart wrote on May 12^th, 2026 at 7:35pm:

Bobby. wrote on May 12^th, 2026 at 7:34pm:

MeisterEckhart wrote on May 12^th, 2026 at 7:15pm:

Bobby. wrote on May 12^th, 2026 at 7:10pm:

Albo has a great lifestyle.

Awww... now it's about an Australian PM being able to afford an expensive home...

Living large while he taxes the living Jesus out of everyone. Roll Eyes

How old are you?

None of your business.

First it's 'Adam'...

What do you know of 'Adam'? Not if that's his first name... no last name given... no way to fact check what he says of himself... only very vague references to how he came by his wealth - nothing substantial to corroborate his backstory...

He appears on a YouTube vid pitched to Gen-Zers, hosted by a gullible Gen-Zer who asks no tough questions... just lets 'Adam' ramble...

Then it's 'Albo got money'... I'd bet every cent is accounted for with the ATO twice over.

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freediver

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #53 - May 12^th, 2026 at 7:49pm

MeisterEckhart wrote on May 12^th, 2026 at 12:55pm:

freediver wrote on May 12^th, 2026 at 12:47pm:

Quote:

It would have to be virtually illegal everywhere to be that rich in the first place. Imagine telling Americans that they can't personally own everything.

What are you on about now?

Not that hard to work out...

The mega-rich would have to be declared criminals for not declaring or surrendering their wealth over a known limit for a state to police private wealth at the mega level.

American culture is predicated on the dream of having it all with minimal communal responsibility... It's why even slavery wasn't off the table... and it would probably have lasted much longer had the fledgling US not been pressured so hard in the early 19th century by world powers led by Britain.

Declare whatever you want Meister. It won't change the reality. These sorts of rules always harm everyone. As you would expect, seeing as they are based entirely on greed and the abandonment of reason. Doing it on a global scale doesn't make it any less stupid than doing it on a national scale.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #54 - May 12^th, 2026 at 7:55pm

freediver wrote on May 12^th, 2026 at 7:49pm:

Declare whatever you want Meister. It won't change the reality. These sorts of rules always harm everyone. As you would expect, seeing as they are based entirely on greed and the abandonment of reason. Doing it on a global scale doesn't make it any less stupid than doing it on a national scale.

Yep, well, he's not without his critics, that's for sure.

But what is unreasonable about limiting mega wealth that can and does damage democratic process?

There was a time when the idea that every citizen should have the vote was thought preposterous... Even some of the US founding fathers thought it was ridiculous.

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freediver

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #55 - May 12^th, 2026 at 8:02pm

Quote:

But what is unreasonable about limiting mega wealth that can and does damage democratic process?

It doesn't "damage democratic processes". It damages the economy, by changing the way people invest money. People will go to great lengths to avoid this tax, and it will always be in a way that reduces investment in the country's future.

"Not unreasonable, in a way that you can comprehend" is not exactly a sound reason to do something.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bobby.

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #56 - May 12^th, 2026 at 8:07pm

freediver wrote on May 12^th, 2026 at 8:02pm:

Quote:

But what is unreasonable about limiting mega wealth that can and does damage democratic process?

It doesn't "damage democratic processes". It damages the economy, by changing the way people invest money.

People will go to great lengths to avoid this tax,

and it will always be in a way that reduces investment in the country's future.

"Not unreasonable, in a way that you can comprehend" is not exactly a sound reason to do something.

The rich are leaving:

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #57 - May 12^th, 2026 at 8:09pm

freediver wrote on May 12^th, 2026 at 8:02pm:

Quote:

But what is unreasonable about limiting mega wealth that can and does damage democratic process?

It doesn't "damage democratic processes". It damages the economy, by changing the way people invest money. People will go to great lengths to avoid this tax, and it will always be in a way that reduces investment in the country's future.

"Not unreasonable, in a way that you can comprehend" is not exactly a sound reason to do something.

So, the mega-rich can't and don't damage democratic process, eh!

We can see with Trump what the mega-rich can do. JD Vance owes his vice presidency to Peter Thiel.

What you offer is 'it can never harm the democratic process' and 'it'll never work'.

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Leroy

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #58 - May 12^th, 2026 at 8:10pm

MeisterEckhart wrote on May 12^th, 2026 at 7:55pm:

freediver wrote on May 12^th, 2026 at 7:49pm:

Declare whatever you want Meister. It won't change the reality. These sorts of rules always harm everyone. As you would expect, seeing as they are based entirely on greed and the abandonment of reason. Doing it on a global scale doesn't make it any less stupid than doing it on a national scale.

Yep, well, he's not without his critics, that's for sure.

But what is unreasonable about limiting mega wealth that can and does damage democratic process?

There was a time when the idea that every citizen should have the vote was thought preposterous... Even some of the US founding fathers thought it was ridiculous.

Bit of a juxtaposition.

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Trump derangement syndrome
Fareed Zakaria defined the term as "hatred of President Trump so intense that it impairs people's judgment"

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #59 - May 12^th, 2026 at 8:11pm

Bobby. wrote on May 12^th, 2026 at 8:07pm:

freediver wrote on May 12^th, 2026 at 8:02pm:

Quote:

But what is unreasonable about limiting mega wealth that can and does damage democratic process?

It doesn't "damage democratic processes". It damages the economy, by changing the way people invest money.

People will go to great lengths to avoid this tax,

and it will always be in a way that reduces investment in the country's future.

"Not unreasonable, in a way that you can comprehend" is not exactly a sound reason to do something.

The rich are leaving:

[]https://www.youtube.com/watch?v=NAqvKD9SUZc[]

Back with your latest boyfriend, eh!

Who is 'Adam'? Do you know? Is he really rich at all? Has he really left Australia?

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