Dad, business owner, investor, engineer. I debate ideas to achieve a higher level of understanding. If I am wrong, roast me.
Queensland, Australia
Joined October 2022
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Lead like an Engineer retweeted
Gagging the Productivity Commission from examining @AlboMP ’s capital gains tax hike says everything.
They know the world’s highest effective tax on investing will smash productivity, the single biggest driver of living standards, and punish the everyday Australians who put money into businesses, shares and growth.
Suppressing the truth won’t make bad policy better. It just confirms they prefer politics over evidence.
It’s time we must change this tax. We need to to @GetAheadAus
The government gagging PC from looking at its 80% increase in the tax on investing tells you: they know it’s bad policy that destroys productivity; but they prefer playing politics to good policy. Suppress the truth. It won’t work.👇
xitter.gq/DerekFranc90653/status…
Lead like an Engineer retweeted
Shared postI told you 2 weeks into the lockdowns that we were going to ignite the inflation cycle and the war cycle. Obviously that has come to pass.
Liberals are celebrating the mid term results, but I'm going to tell you what the long term consequences are going to be, and like the lock downs they aren't good.
First they are going to create chaos in the government starting next year. This will ultimately crash the economy and the world will roll over into the next recession. The war cycle will intensify and it's very likely the Ukraine war will start to engulf all of Europe as the EU is in the initial stage of financial collapse due to its years of socialist and insane climate focused energy policies.
When governments can't solve the problems (that they created) they blame someone else and start a war. Kind of like the gladiators of Rome to distract people from the decay that is eating away at the society. We are stating to see riots across Europe now as this begins.
This will end up with boots on the ground in Ukraine, starting with Nato but possibly also US troops at some point.
As the recession accelerates Democrats will begin to turn toward socialism. Unfortunately we will not learn the lesson from Europe and will make the same mistake. Socialism only works (temporarily) when a country has a large reserve to draw one. The US is 40 trillion in debt. That means we will have to print trillions and trillions of new dollars to pay for the "free" socialist policies.
As you may know printing a lot of money causes inflation. Again politicians learned nothing from the Inflation reduction act that printed 4 trillion dollars and ignited the inflation cycle. The next time we won't have any choice. If you want to give away free stuff to buy votes someone has to pay. You either crush the entire population with mind numbingly high taxes (you can't get nearly enough from a few rich people, everyone will have to pay)....or, you crank up the printing press and print the dollars out of thin air.
Result? More inflation and higher interest payments on the debt. A vicious circle of printing and higher and higher inflation mixed with periods of stagnation and recession when the inflation triggers cascading recessions.
The problem with socialism is as Margaret Thatcher said: Eventually you run out of other people's money.
I warned in 2020 that the idiotic policies we implemented for COVID would end up killing many times more people than COVID ever would. It has already begun. A million or so have already died in Ukraine and the middle east. Civil unrest is starting to accelerate as hard times come to a fat and complacent world that is in no way prepared to deal years of crisis.
Lead like an Engineer retweeted
This compares cumulative growth in GDP per capita in the first 4 years of federal governments since records began.
The growth path has been deteriorating since Rudd, but Albanese is particularly bad.
We have gone less than nowhere.
Lead like an Engineer retweeted
This is @AlboMP in 2020 commenting on then Coalition Minister Bridget McKenzie who admitted to breaching ministerial standards by failing to formally declare her membership at the Wangaratta Trap and Gun Club, which received $36,000 in federal funding through a Sports Funding program. She resigned.
Thanks to @rovingallround for the clip.
Lead like an Engineer retweeted
If 80+% pick Red, everyone in the world survives. If less than 80% pick Red, only everyone who picks Blue survives.
What are you picking?
58%Red 🔴
42%Blue 🔵
418,079 votes • Final results
Lead like an Engineer retweeted
Media Release: One Nation will reverse Dr Chalmers’ budget experiments
One Nation will fix Dr Jim Chalmers’ destructive budget experiments by reversing his capital gains tax and trust changes. One Nation will also protect negative gearing for up to two investment properties and vows to fight any plan by the Treasurer to impose death taxes and taxes on the family home.
One Nation leader Senator Pauline Hanson said Australians were paying for a Treasurer who had no idea what he was doing and the Albanese Labor government who just cannot stop spending and driving up inflation.
“Dr Jim Chalmers is experimenting on the Australian economy, and everyday Australians are his guinea pigs.” Senator Pauline Hanson said.
“He’s playing with your home, your rent, your business and your savings. When his experiments fail, Australians will pay dearly.
“He has smashed business confidence, cut off business investment and helped send the property market into free fall.
“Already, more than 1,100 households who bought through Labor’s expanded five per cent deposit scheme are now estimated to owe more than their homes are worth.
“Labor encouraged them into the market, then pulled the rug out from under them.
“They botched the ATO credit card ban and lied about their involvement. They were forced to back down on their widow tax. Now accountants warn Labor’s trust changes could cost Australians billions in unnecessary advice and restructuring.
“Labor couldn’t run a corner shop. But they know how to send one broke.
“One Nation will restore the 50 per cent capital gains tax discount and scrap Labor’s proposed 30 per cent minimum tax on trusts.
“The status quo of allowing unlimited taxpayer concessions for property tycoons was not working for Australians. The Liberal plan to back the broken model protecting property moguls makes no sense.
“One Nation would continue to allow Australians to negatively gear up to two investment properties.
“Anthony Albanese has pulled the ladder up behind him on young people trying to break into the property market, protecting tax concessions for existing properties. This includes the Prime Minister’s own ocean view clifftop house in Copacabana, the hundreds of properties held by his own cabinet and the thousands of properties held by property tycoons.
“The Labor government must answer whether members of cabinet who benefited from grandfathering negative gearing concessions recused themselves from voting on the measures given their conflict of interest.
“Australians should be able to work hard, invest and get ahead. For many young Australians, an investment property was one way they could get a foot into the property market.
“One Nation will end this disastrous experiment and reverse Chalmers’ destructive budget experiments.
“And we will draw a line around the family home and stop any plans for Labor’s death taxes.
“It’s not enough that you already work several days a week to pay for Labor’s uncontrolled spending. Because Labor cannot control their own spending, they will keep coming back to shake you down for more.
“My warning is that your family home, your super, and what you leave your children will be in the firing line next.
“Labor broke its promises on negative gearing and capital gains tax. Why would Australians trust anything they say?
“One Nation will never impose a death tax. We will never impose a tax on the family home.
“You should not have to spend your life paying for Labor’s spending addiction, then have them send your children the final bill.”
Lead like an Engineer retweeted
If you do anything today. Look at what is happening in France and ask yourself if that is how you want to live?
When will people stop voting in governments who destroy Western Values?
I’m voting @PaulineHansonOz.
It’s the only way now.
Lead like an Engineer retweeted
How often do you see an orchestra give a kid a standing ovation? How often do you see grown men cry? This is far and away the best I've ever heard this sung. The arrangement is exceptional. Way better than the original
Lead like an Engineer retweeted
Why is there so much hatred for small businesses in Australia- the public perception is that we're all multi-millionaires taking advantage of workers.
I've met very few small business owners who put themselves first. They're usually paid less than their staff and often take on personal debt to meet payroll. The govt and public treat them like they're public enemy no1 when they're actually propping up the economy and getting fucked over by employees, the govt, ATO and their customers.
