Oddbean new post about login | logout Starting in 2025, 🇦🇺 Australia will begin taxing unrealized gains in employee pension-fund accounts with balances over A$3 million ($2 million). https://image.nostr.build/4032c6cd76de9235082ca6f809577278e149b2709506a567736b1499b7b0ff6b.jpg
Absolute insanity. Fiat clown world has hit rock bottom, and is starting to dig. nostr:note1q6ln0pfcxul4uakrrg34nrd8ct3flvzkg4zxjrylppcttavwvjgqpcyrgj
Maybe they actually *should* let China take them over…
Keeping you down...under. Unless you opt out? Does this not push wealth into competing assets? Will this happen in your country? What will you do if that happens? What can you do now to protect yourself? nostr:nevent1qqsqd0ehs5urw067wmp35g6e3knu9c5lkpty23rfpj0ssu947k8xfyqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzypjed5qpmj0wpt5mj2g8mjgq233qnp9zyyuf4z0gan2xvzzyu8j76qcyqqqqqqg64a3mu
This is where the fiscally bankrupt meet the morally bankrupt. To all who think "this won't affect me" because their pension-fund account is way under 3 million: wait until they devalue the dollar again and again and again -- it will be. Now you will owe taxes on money you never had and never would have had. DISHONORABLE PRACTICES 👀
Someone with a net qorth of 2 million in the stock market can live on about $80,000 per year. That's about $6,700 per month, not poor, but that's not living high off the hog either.
Off with their heads 😏
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