Deep Value guy @deepvalueguy1

The Labor Government is Gaslighting Young Australians | Talking Tactics ... Thank you for the interview Mel.youtu.be/ND8_JE5GOZg?si… via @YouTube

The Prime Minister is feeling the heat from One Nation's "Fire the Liar" campaign. That's why he's backflipping. He's still lying, telling young people this budget is for them. It's not. This budget is just a tax grab - it must be ditched.

Jim's dream budget has completely crashed. Share your story at notthetax.com.au

Geoff, someone needs to explain to these clowns how the startup industry actually works. Let’s use the mining industry as an example. It contributes 10-14% of Australia’s GDP annually. Including indirect contributions, this rises to around 20% for an industry that accounts for over 60% of Australia’s export earnings. A founder starting an exploration company typically acquires an exploration licence in a remote area, hoping to strike gold, iron ore, oil, gas, or critical metals. The company raises money (minimum $4M) on the ASX by convincing retail investors they can get rich too. One drill hole can change your life overnight if you’re lucky. High risk, high reward—the kind of returns that can buy a first home or fund the deposit. In reality, it takes hundreds of millions to turn discoveries into a mine through multiple capital rounds. In the startup phase, the highest-risk money comes from retail investors, as the risk is too great for most institutional investors. Without this money, the initial holes are never drilled. Albo and Jim are hitting these investors hardest with the new CGT changes. The highest tax rates are paid by those taking the most risk. Most startup exploration companies fail, but some succeed, which keeps retail punters coming back in the hope of striking it rich and saving for their first home deposit. If a startup succeeds and finds an economic deposit, it is typically acquired by a larger mining company. Shareholders are bought out and pay their share of CGT. It takes billions to build a world-class mine, so the tax returns are meaningful for the government. If you remove the incentive at the start, no holes are drilled, no discoveries are made, and eventually Australia’s mines that employ millions will run out. One of Australia’s largest industries will die. Exploration is hard enough. All the easy deposits have been found. To keep the mining industry going, more and more risks must be taken to replenish ore reserves. The government should be encouraging exploration, not taxing the living bejesus out of it. Thanks @GeoffWilsonWAM for all your efforts.

Geoff Wilson @GeoffWilsonWAM

18 hours ago

“Until they exempt all direct shareholders from ‘the new CGT’, and everyone else, I won’t rest,” “The exemptions are all just arbitrary BS for something that is fundamentally crap economics!” What are your thoughts on the Aspiration Tax? news.com.au/finance/econom…

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The Government's budget backflip makes their tax grab so confusing that you will need an accountancy degree to understand them. Just scrap these changes - which were not asked for or voted upon - and come up with a REAL plan for economic growth.

My business (and I personally) will qualify for the proposed tech startup carve out… but it's terrible policy. If these tax changes are so damaging that the Government needs to create special exemptions for tech companies and a subset of small businesses, that's an admission the underlying policy has serious flaws. Why should founders, employees and investors in one industry get relief while everyone else wears the cost?? What about the medium-sized manufacturers, retailers, healthcare businesses, agricultural businesses, professional services firms and the thousands of ASX-listed companies that employ millions of Australians? And what about the 7.7 million Australians who invest in shares outside super? They don't get a carve out despite facing much higher tax on successful long term investments. That gaping hole in the policy hasn't been fixed! This $77 billion transfer from the productive private sector and aspirational younger Australians to government will make Australia less competitive, discourage investment, productivity and entrepreneurship, and push more capital towards foreign investors who are often exempt from Australian CGT altogether. It's a massive own goal for the country.

I've just read the proposed startup carve outs here (consult.treasury.gov.au/c2026-779186) and it raises more questions than it answers. If the Government's own solution to the damage caused by these tax changes is to exempt certain companies, that's already a sign the policy has serious problems. Putting aside the enormous damage that will still be caused by the 30% minimum tax and indexation changes for every other investor, this carve out consultation is full of unanswered questions: - What happens if a startup is acquired after four years rather than five? It seems the Government only wants to support success if it happens after an arbitrary holding period which is now longer than the current 3 year employee share scheme concession. - What happens to employee shares issued while a company was under 10 years old, but the company is over 10 years old on 30 June 2027? The consultation paper suggests they wont be eligible. Why not? - Why should a software company receive relief from a near 47% tax because it qualifies for the R&D Tax Incentive, while a healthcare, agricultural or professional services business doesn't? Apparently some entrepreneurs are more equal than others. - Once a shareholding exceeds $10 million, the concession disappears and they're back to facing tax rates approaching 47%. That's effectively telling entrepreneurs: build a successful business, but just not too successful. It's a strange message for a country that says it wants more innovation, investment and ambition. The consultation paper points to international precedents, yet the proposal falls well short of global benchmarks. In the U.S. the QSBS regime can reduce the effective tax rate on qualifying startup gains to around half of what an Australian founder could face under these rules! If you're an ambitious founder trying to build the next Canva, Atlassian or a business worth $100 million or $1 billion, the message remains that Australia doesn't want to back you all the way through the journey. These carve outs tell Australians to dream small... During the Senate inquiry we heard several non-founders claim that founders don't think about tax settings. Of course they do! Founders have to leave stable jobs, often invest their own savings, sell or mortgage their homes, take enormous risks and spend years with no guarantee of success. Tax settings are part of that opportunity cost calculation. The most ambitious founders create most of the jobs, build globally competitive businesses and ultimately generate substantial tax revenue for Australia. If the incentives aren't right, many simply won't build those businesses here. The more carve outs, exemptions and special rules that get added, the clearer it becomes that this policy is being designed on the run.

A great contribution to the tax debate spending time exploding some of the craziest ideas pushed by supporters of @AustralianLabor CGT changes. From the @AuSenate submissions: a tsunami of confusion, special pleading & economic illiteracy that would crush aspiration, startups & productive investment. This policy is madness. Scrap the insane CGT spectator.com.au/2026/06/the-x-…

A very very small victory for sanity. The CGT or Aspirant Tax must be stopped! Every carve-out is an admission the CGT policy on Australian business doesn’t work. If you have to exempt small business, start-ups, biotech and deep tech, the problem isn’t the exceptions, the problem is the Capital Gains tax itself. Wake up @JEChalmers and @AlboMP

What a total embarrassment for @JEChalmers and @AlboMP . The CG Tax ( or the Aspiration Tax) must be stopped. Everyone $ASX listed growth company besides the top 20 is toast

Daniel Tillett @Nucleics_Inc

a day ago

@GeoffWilsonWAM Having now had a chance to look at the proposed changes, they will do next to nothing for biotech. They exclude listed biotechs which in Australia is the only real pathway for funding clinical-stage biotechs. The private market lacks the size & depth to support clinical trials.

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The CGT (Aspiration Tax) must be stopped. “Wilson Asset Management’s Geoff Wilson said the government’s changes on Thursday were an admission that the tax changes would hurt investment. “Every carve-out is a confession. When a government tells you that its new tax rules will ­discourage investment in ­innovative start-ups, and that those businesses therefore need a special exemption, it has already conceded the central point: the new rules discourage investment.””theaustralian.com.au/nation/politic…

This insane tax on capital gains or the Aspiration Tax must be stopped! “Mr Wilson, chair of Wilson Asset Management, called the reforms “economic vandalism” and said today’s announcement from @AlboMP and @JEChalmers was just a “nano-step forward” rectifying minor issues they posed. “You’re destroying the efficient formation of capital in Australia,” he said. “By making a minute adjustment, it doesn’t change anything. “It’s like you’ve killed the patient, and now you’re trying to give it a glass of water. But the patient is dead.””Wake up Australia. #AspirationTax #AussieDreamKiller news.com.au/finance/econom…

Carveouts? This tax needs to be scrapped in its entirety.

This Budget is a train wreck, has shattered consumer & small business confidence, and directly assaults Australia’s future economy. Both the Prime Minister & Treasurer looked like hostages at their own press conference. Change will only come with a Coalition government.

How can any Senator vote for the CGT changes when the Government hasn't even disclosed any of the details. The Government is asking the Senate to sign a blank cheque piece of legislation, trusting a group that lied about the very changes they are being asked to rubber stamp.

@FinancialReview It should be zero if we are serious about reducing house prices and improving social cohesion #auspol26

Small businesses are being rail-roaded by this government, drunk on their own denial. Go to standwithsmall.org and have your say.

It's not a lie if you believe it! Does changing positions count?

This isn’t tax ‘reform’, it’s a war on aspiration and mobile capital. We must stop the Aspiration Tax ( the doubled CG Tax) Australia’s best entrepreneurs, founders and investors now have every incentive to build, hire and raise capital somewhere else. Penalising risk-takers doesn’t create wealth. It exports it. Canberra is choosing decline. We should be choosing growth.#STOPtheAspirationTax

Tyler Green @GreenTyler27

4 days ago

The real consequence of these CGT changes is that they push investment, risk-taking and innovation offshore. Start-ups, technology companies and entrepreneurs can choose where they build, hire and raise capital. If Australia becomes a less attractive place to invest, the capital

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why is it so hard for so many leftists to comprehend, its fine to simultaneously love law-abiding value-additive immigrants from all kinds of backgrounds and hate criminal anti-West, anti-Australian immigrants from mostly one background?

Marko Matvikov @MarkoMatvikov

4 days ago

If your first thought is to count the ethnic backgrounds of our national soccer team to score political points, you’re the one obsessed with race. And if you can’t tell the difference between violent criminals and elite athletes because they have the same skin colour, then that

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