@Galto2sd7474@sage_simian I’d still suggest the government is not taxing to spend, it is taxing to try and reduce some of the inflationary aspects of its spending. It’s a second order indirect piece as you say. And there are other ways to do it.
@Galto2sd7474@sage_simian I think we more or less agree, but are arguing is vs could be. More precisely, the CoA doesn’t *need* to tax or borrow. As you say it does today, and to your point and my original, it needs to offset inflation. But it could adopt new fiscal and monetary approaches tomorrow.
@martinm680@JayFitz112@arbsmichael@RBAInfo You’re picturing money as a thing like cash with a serial number. That there’s a record of each dollar.
When the bank creates a loan they effectively borrow from the economy - the money is “magicked” into an account. They zero it back out when the loan is repaid.
@martinm680@JayFitz112@arbsmichael@RBAInfo The bank doesn’t keep the money, they eliminate some of your debt.
On borrow:
Bank creates money, gives it to house seller. Records debt for you.
On repay:
You pay money (out of economy). Bank reduces recorded debt. They don’t also hold the money as if it was serial numbered.
@hef_mark@CallumBennett28@Steen_Dr@cjoye Callum is correct.
The nominal gains listed $160k ($90+$70). Today you’d deduct $100k losses, halve the rem $60k gain, pay tax on $30k at marginal.
Personally I’ve always felt we should have both inflation adj and 50% discount, but lose loan deductibility, reducing structuring.
@dantoruno This resonates. The tension of welcoming the insistent muse and who am I to carry their words? Desire to be humble (but is avoiding egocentrism just masked ego too?). Self-questioning the value to others, or disrupting their natural path (but maybe you’re meant to cross paths).
@TheKouk Easy solution: use other levers, not silent tax increases that reshape equity and are not restored later in the cycle.
Examples when high inflation: cut gov expenditure reduce migration, RBA set a dynamic GST, increase super % and allow drawdown later, address supply drivers etc
@Potstirrer111 Better take than some of the pre-budget posts.
Not sure how more new homes will get built if we don’t address materials and labour (more money chasing the same will just lift cost).
On Gov’s own account these tax changes will mean 35,000 fewer homes built.
@Potstirrer111@ajamesbragg Driving higher building prices without more houses: demand for new building is tax-incentivised without fixing supply constraints on materials or decisions to not bring in trades / upskill unskilled migrants. As a bonus it limits build quality and improvement of existing stock.
6K Followers 5K FollowingMaskUp. Free Palestine. Mad that I wasted money on a Masters just to live in the dumbest possible timeline. Ex Cheerful Nihilist. Revolt or die.
121 Followers 475 FollowingI'm one of Australia's foremost financial commentators with 20 best selling books including the million seller Making Money Made Simple
129 Followers 316 FollowingNov 2025 was Peak Resi. 2025 Buyers will be Real Estate (RE) Bag Holders. A Machete swings in Melbourne, Auctioneer's hammer falls in Qld
130 Followers 965 FollowingChief Crypto Analyst, @ Realvision |
Built the crypto research product at Bloomberg
Intelligence |
Freedom over Fear. Always. #Bitcoin
1K Followers 7K FollowingChief Economist at IFM Investors. Aussie macro-focus. Views expressed are my own and not necessarily those of my employer. RTs not necessarily endorsements
360 Followers 5K FollowingNavigating the ASX & real estate portfolio beyond financial freedom. Assume I'm paid a fee for my tweets. Not financial advice. That Stock Chick®
357 Followers 986 FollowingMy names Michael, SaltireRealms is my one man project - Indie game Developer, Artist, lover of command and conquer - making my own RTS in my spare time
186 Followers 7K FollowingChief Economist at IFM Investors. Aussie macro-focus. Views expressed are my own and not necessarily those of my employer. RTs not necessarily endorsements
524 Followers 7K FollowingHead of commodities macro + Al PhD + sarcasm. Up +2200x in 6.4 yrs of investing. Posts are speculations - not financial advice.
12 Followers 925 Following👑 TOP JERSEY IN CHINA 👑
Jersey Outfit For Men ,Women And Youth
⚾ MLB
🏀 NBA
🏈 NFL
🚚 FREE SHIPPING
DM FOR THE BEST PRICE👇
https://t.co/aAszjBC0zg…
4K Followers 576 Followingsolving suffering at scale 🪷
happiness concierge (via buddhist fetters/somatic practices) @9of10Labs
writing is not mental advice
54K Followers 2K FollowingShowrunner/Executive Producer/Writer - Dark Matter, Stargates SG-1, Atlantis, Universe, Oops I'm in Love with My Boss's Daughter. Crime Show enthusiast.
61K Followers 2K FollowingSovereign Individual & resident at https://t.co/Zmrd51TCNV. In Argentina since 2005. Start a Digital Agency at https://t.co/2cuYLMmKEG. 1x1 Consultations: https://t.co/PBqC09PyQt
13K Followers 196 FollowingSoon, we're all going to attenuate or transform. If we are to be succeeded, we must define / move towards a Worthy Successor https://t.co/p6DZdKgtir.
143K Followers 770 FollowingHarvard psychiatrist working at the interface of metabolism and mental health. Author of Brain Energy. https://t.co/bZ0wRxiv8M Founder of MH². https://t.co/z1oYoR3h0g
6K Followers 5K FollowingMaskUp. Free Palestine. Mad that I wasted money on a Masters just to live in the dumbest possible timeline. Ex Cheerful Nihilist. Revolt or die.
392K Followers 1K FollowingEnergy and commodities columnist at Bloomberg.
Co-author of the 'The World for Sale'
Any views expressed are my own. [email protected]
3K Followers 2K FollowingDeeply immersive UBOOT, logistics-focused Race to the Rhine, and refurbished classic Hannibal & Hamilcar. These are the games we make. Unique, unconventional.
62K Followers 293 FollowingI study and write (via the @RMetS) about snow-patches on UK hills. Self-confessed chionophile and author of 'The Vanishing Ice'.