What we need is a LAND TAX. Get all those rich retirees out of their multi-million dollar houses and into low cost retirement villages/homes or communes. Then the final solution!!!! Look at the Federal Government's support for those youngsters out there. With a press of a key, or maybe a click of the mouse, they create what was it, $70 billion in new money. And how did they spend it? All on the youngsters out there with the "Job Keeper" and "Job Seeker" initiatives, and free childcare, and who knows what else. And what did the elderly self funded retirees get - zilch, apart from a free ticket into what could be called the Government's "Grim Reaper" initiative (read that as "Nursing Home") - the final solution.
On a more serious note, SMSF Pension funds are capped at $1.6 million these days. My SMSF has a very low percentage of funds allocated to speculative stock investments. Most retirees could expect from say 4% to 9% return from their SMSF investments these days If I was forced to pay tax at marginal rates on that income I would have to seriously consider moving cash into a new Primary Residence Investment. No tax to be paid there, and I would qualify for a part or full pension as well. And what is the outcome? All that newly create money is taken from productive investments and buried in non-productive residential land. What a waste, buried there just waiting for the next credit induced speculative land boom and the crash that follows where all that wealth just disappears. It's just around the corner too! 2026 is the year to watch.
p.s. All IMO - and I take no responsibility for what is stated or inferred in the above comments. This is a Chart Thread isn't it? So these non-chart related posts will probably be moderated in the near future anyway. Sorry if I upset or offended anyone.
4DS Chart for Long Term Holders, page-334
-
-
- There are more pages in this discussion • 1,258 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 4DS (ASX) to my watchlist
|
|||||
Last
7.9¢ |
Change
0.003(3.95%) |
Mkt cap ! $139.3M |
Open | High | Low | Value | Volume |
7.7¢ | 7.9¢ | 7.4¢ | $243.9K | 3.229M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 498165 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 361416 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 498165 | 0.077 |
3 | 910000 | 0.076 |
5 | 1300187 | 0.075 |
4 | 1106419 | 0.074 |
8 | 1527854 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 361416 | 4 |
0.081 | 375202 | 2 |
0.082 | 382246 | 3 |
0.083 | 316455 | 1 |
0.084 | 150000 | 1 |
Last trade - 15.56pm 21/08/2024 (20 minute delay) ? |
Featured News
4DS (ASX) Chart |