Stage 3 tax cuts are a must, page-11

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nugget_hunter

399 Posts.

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23/01/24

09:10

Post #: 72014014
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Originally posted by ezirida: ↑

irrelevant because regardless of 'bracket creep' asset inflation ( the dirty unspoken and closely guarded secret in the wealth discussion ) is literally smoking any such 'disadvantage' narrative being pumped regarding 'bracket creep'

asset inflation is the 5 lane super freeway to + 5% inflation..

we cannot talk about tax cuts without in the same discussion including the liquidity generated by asset inflation.. a liquidity to which the poor, have no access

those who have access to asset inflation have absolutely no reason to be 'harping on' about bracket creep or the cost of living

Australia Day is an opportunity to have a good hard look at ourselves

The right thing to do, not the popular thing to do, is to make the call, take the tough decision, to completely scrap the stage 3 cuts and walk away from it for good..

This is the most significant and reckless use of what would otherwise be government revenue, in the last 20 years..period

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asset inflation is not this nirvana you are making it out to be.

If i buy a house for 700k, and 5 years later its worth 1.5M, how does that help me? I can either sell it and be forced to buy a different overvalued house, or stay put and then the new value of it is irrelevant. Sure it can help for some downsizers/seachangers, but most people need to live where they do for work/family reasons
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