Australian Politics Forum - Really? I have to start the budget discussion?

greggerypeccary

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Re: Really? I have to start the budget discussion?
Reply #30 - May 13^th, 2026 at 5:25pm

Carl D wrote on May 13^th, 2026 at 5:20pm:

Gee, what a surprise.

https://x.com/purplepingers/status/2054410707702067520

(May need to click the little speaker icon at the bottom to hear it).

Quote:

Landlords saying the quiet part out loud

And encouraged by scumbag real estate agents, no doubt.

"scumbag" is redundant.

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GOP = Guardians Of Paedophiles

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Carl D

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Re: Really? I have to start the budget discussion?
Reply #31 - May 13^th, 2026 at 5:29pm

greggerypeccary wrote on May 13^th, 2026 at 5:25pm:

Carl D wrote on May 13^th, 2026 at 5:20pm:

Gee, what a surprise.

https://x.com/purplepingers/status/2054410707702067520

(May need to click the little speaker icon at the bottom to hear it).

Quote:

Landlords saying the quiet part out loud

And encouraged by scumbag real estate agents, no doubt.

"scumbag" is redundant.

I like one of the comments to the link in my last post:

Quote:

sunset vibes
@gonebymorn
1h
Replying to @purplepingers
"we're gonna have to increase rent"

you were gonna do it regardless you s--t c---s. landlords really are the scum of this country

May 13, 2026 · 6:17 AM UTC

Yes. Yes they are. After real estate agents, of course.

I'd even go so far as to say used car salesmen are more honest and trustworthy.

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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #32 - May 13^th, 2026 at 5:42pm

Daves2017 wrote on May 13^th, 2026 at 2:24pm:

Bobby. wrote on May 13^th, 2026 at 12:07pm:

mass immigration is the problem.

It has not been addressed.

“ Guess what’s going to happen to our population in the next four years. Right now we have about 26 million people living in Australia, maybe closer to 27 million.

“It’s rising to almost 30 million people within four years. Almost half a million are planned to be coming to Victoria.

“The city of Geelong, I think, has about 250,000 people. So in four years’ time, we will have population equivalent to two more Geelongs.

“Are we going to build two more Geelongs to house them all? No, of course we’re not. So the reason we are not going to see intergenerational fairness, the reason we are not going to suddenly see first home buyers able to afford a home is primarily this — our population is still rising dramatically.”

“ news ltd.

This is the issue facing Australian people.

Importantly we are using our immigration policy to make up for the complete failure of higher education in this country over decades.

We can’t provide our own doctors, nurses or teachers.

We can’t even provide truck drivers!

So rather than address the issues with our education system let’s just import a solution?

There is nothing groundbreaking in this budget. Despite its media hype.

There are no major reforms or big ticket items.

They have overspent and simply tinkered around to make rise tax’s and pretend they haven’t.

We need real reform and solutions.
Not more taxes and more spending.

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Dnarever

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Re: Really? I have to start the budget discussion?
Reply #33 - May 13^th, 2026 at 5:55pm

Sir Grappler Truth Teller OAM wrote on May 13^th, 2026 at 4:13pm:

Dnarever wrote on May 13^th, 2026 at 3:30pm:

Bobby. wrote on May 13^th, 2026 at 12:07pm:

Bobby. wrote on May 12^th, 2026 at 11:01pm:

Daves2017 wrote on May 12^th, 2026 at 10:55pm:

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.

Where exactly are the 75 k families currently renting these properties going to go and live?

It's a drop in the ocean:

We import more than 500,000 people per year.

"As of June 2025, the estimated population of Canberra (including the whole of the Australian Capital Territory) was 484,630."

We import more people than that every year.

mass immigration is the problem.

It has not been addressed.

Yes we need an off-shore solution and more lies about children being thrown overboard ?

Grasshopper - you must learn to differentiate between asylum seekers and immigrants... I'd rather we cut mass immigration out and look at the refugee claimants first.

Do you think the conservatives differentiate. To them the difference is tinted people entering Australia the how is not relivant.

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Sir Grappler Truth Teller OAM

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Re: Really? I have to start the budget discussion?
Reply #34 - May 13^th, 2026 at 6:43pm

There is no problem with the true business concept of gearing losses - posting them against next year or so - HOWEVER - this serial housing grab apparently NEVER shows a real profit - which I find amazing - given that a house bought when the price was $250k is now worth about $1.5m and consequently the RENT has sky rocketed as well!
So clearly there are far too many concessions in accounting for those who engage in serial housing grabbing...
On top of that – 'investment in housing' is engaged in BECAUSE it literally pays for itself without apparently providing any income to the buyer – who still somehow manages to live like royalty – so the decision is simple:-
Either this is a failed business plan that incurs endless costs and zero profits (and therefore must be entitled to concessional capital gains, right?) - in which case it should be cancelled forthwith as being non-viable and a drain on the treasury; OR it is a viable business plan that offers excellent remuneration – in which case – where are the taxes?
On top of that – it has failed to provide the claimed benefits – of creating NEW housing tracts (where TF are they going to put those in the Sydney Basin anyway other than the Sydney-Canberra Corridor and filling up the limited non-mountain land along the Sydney-Newcastle Corridor?) - and so its claimed intent has proven to be false – therefore it is time to abandon it and enforce focus on NEW and VIABLE housing.
To do that latter requires INFRASTRUCTURE – and I have offered plans for many things including the Trans Australia Rail to connect East and West Coasts and connect resources that I say should be extracted by Australians with manufacturing that should be done by Australians... along with safe and reliable power etc.
This government ABANDONS infrastructure projects as 'too costly' – now HTF do they imagine Australia was built? On long term planning and costing over DECADES and not months – and a steady growth in real everything for all.
THERE are your jobs; there are your future generational benefits; there is your answer to a growing population; and there is the future of an Australia that would be the envy of the world..

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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aquascoot Gold Member Offline Australian Politics Posts: 37838 Gender:	Re: Really? I have to start the budget discussion? Reply #35 - May 13^th, 2026 at 6:53pm biggest government spending to GDP ratio in history. big government is not what people who value "personal responsibility" would ever want we prefer to stand on our own 2 feet. but i suppose it is popular with the "takers"
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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #36 - May 13^th, 2026 at 7:02pm

https://www.marketindex.com.au/news/what-the-hell-just-happened-to-cba

Negative gearing on established residential property will be scrapped from 1 July 2027
for properties purchased after 12 May 2026.

The 50% CGT discount will also be replaced from 1 July 2027 with cost base indexation
plus a 30% minimum tax rate on capital gains for individuals, trusts and partnerships.

It doesn't seem possible for the words Commonwealth Bank (ASX: CBA) and
"down 10%" to fit in one sentence, but they just did.

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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #37 - May 13^th, 2026 at 7:09pm

aquascoot wrote on May 13^th, 2026 at 6:53pm:

biggest government spending to GDP ratio in history.

big government is not what people who value "personal responsibility" would ever want

we prefer to stand on our own 2 feet.

but i suppose it is popular with the "takers"

Feb 23, 2026

Mike Newman explains that Australia now employs more public servants per capita than
any other country in the world,
raising serious questions about economic sustainability and accountability
as living standards tighten and government payrolls continue to expand.

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Daves2017

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Re: Really? I have to start the budget discussion?
Reply #38 - May 13^th, 2026 at 9:06pm

“ The 2026-27 Federal Budget delivered on May 12, 2026, did not project an immediate surplus, despite narrowing the deficit. While, according to CommBank analysis, this budget sets a more realistic path back to a balanced budget, it is not anticipated until 2034-35, relying heavily on NDIS savings.”

“ AI

Looks like the NDIS is one of our biggest problems!

I thought Bill Shorten said he had fixed all the rorts?

Tony Burqa didn’t get the email?

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After weeks of poor press regarding Albo ( and Scomo) poor management of fuel reserves and desperate for a major distraction.
Federal Police arrest Ben ( war criminal) Smith.
What Amazing timing?

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Dnarever

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Re: Really? I have to start the budget discussion?
Reply #39 - May 13^th, 2026 at 9:08pm

aquascoot wrote on May 13^th, 2026 at 6:53pm:

biggest government spending to GDP ratio in history.

big government is not what people who value "personal responsibility" would ever want

we prefer to stand on our own 2 feet.

but i suppose it is popular with the "takers"

Both the ABS and OECD say that this information is incorrect by a large margin. Australia by their numbers are that the Government employment is below the world average. They say that the problem is that the numbers used by this group included a very broad definition that captured many catagories of privet employment as being government. Things like private companies with a gov contract, gov supported non profit organisations etc - they basically have catagorized anything non market as being a government service. Things like private education disability care and lots of other things. This interview seems more based on political position than factual information.

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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #40 - May 13^th, 2026 at 9:36pm

Dnarever wrote on May 13^th, 2026 at 9:08pm:

aquascoot wrote on May 13^th, 2026 at 6:53pm:

biggest government spending to GDP ratio in history.

big government is not what people who value "personal responsibility" would ever want

we prefer to stand on our own 2 feet.

but i suppose it is popular with the "takers"

Both the ABS and OECD say that this information is incorrect by a large margin. Australia by their numbers are that the Government employment is below the world average. They say that the problem is that the numbers used by this group included a very broad definition that captured many catagories of privet employment as being government. Things like private companies with a gov contract, gov supported non profit organisations etc - they basically have catagorized anything non market as being a government service. Things like private education disability care and lots of other things. This interview seems more based on political position than factual information.

No -

Mike Newman explains that Australia now employs more public servants per capita than
any other country in the world.

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Captain Nemo

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Re: Really? I have to start the budget discussion?
Reply #41 - May 13^th, 2026 at 10:16pm

At least Albo and Gomer exempted pensioners from the changes to CGT at the outset, rather than a hasty change after announcing the change. (As Bill Shorten had to do after the aborted Franking Credits fiasco.)

Small fry to the budget overall as most pensioners would have to have a modest portfolio anyway, else their assets would take them off the pension.

I wonder if there will be any "walk back" if rents really do skyrocket?

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The 2025 election WAS a shocker.

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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #42 - May 14^th, 2026 at 12:56pm

Captain Nemo wrote on May 13^th, 2026 at 10:16pm:

At least Albo and Gomer exempted pensioners from the changes to CGT at the outset, rather than a hasty change after announcing the change. (As Bill Shorten had to do after the aborted Franking Credits fiasco.)

Small fry to the budget overall as most pensioners would have to have a modest portfolio anyway, else their assets would take them off the pension.

I wonder if there will be any "walk back" if rents really do skyrocket?

Nahh - higher rents are baked in.

Jump to 8:25

Politicians don't care about you at all, at all, at all:

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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #43 - Yesterday at 2:15pm

https://www.skynews.com.au/australia-news/politics/cant-get-around-it-its-a-deat...

Jim Chalmers has been accused of burying a hidden “death duty” in the budget
despite taking inheritance taxes off the table minutes after his speech on Tuesday.

his budget imposed a minimum 30 per cent tax rate on income generated by inherited assets

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Carl D

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Re: Really? I have to start the budget discussion?
Reply #44 - Today at 12:38am

Wow, what a surprise. Not.

https://forums.whirlpool.net.au/thread/90x1w0z4?p=530#r10599

Quote:

Today I have been sent multiple messages from REAs all with much the same core concept, it's time to raise rents as much as possible. 1 person can't move a market but the government just unified and incentivised every IP owner to get in front of the change. Who could have possibly seen this coming.

Real estate agents doing what they're best at as usual - being scumbags (oh, sorry - that should be c***s) and forcing rents and house prices higher and higher. Time for a big crackdown on them, I reckon.

And... here's the 'awkward' question the real estate agents hoped no one would ask:

https://forums.whirlpool.net.au/thread/90x1w0z4?p=532#r10623

Quote:

What am I missing , get in front of what change all existing IP is grandfathered for negative gearing so why is there a need to increase rents other than pure greed and ability to go “oh it wasn’t me it was Albo”

Bingo! Pure greed. As always with things like this.

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« Last Edit: Today at 6:41am by Carl D »

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