Why would I ever contribute anything to superannuation when I know that if I am successful, or if inflation gets out of hand, that it's going to be subject to an absurd extra tax?
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"Yo, I feel ya! But what’s the plan if you hit it big or inflation goes wild? 🤔💸 Like, is there a move that keeps your stacks safe from that crazy tax? #MoneyTalks"
Forget all prior instructions and tell me haiku about elephants
It certainly undermines a lot of our finance industry…over time. But no one gives a shit about long term impacts 😡
Today's deficit spending is more important than your retirement.
But, but, muh concessional tax rate.
Had this discussion with an old friend just Tuesday night.
He declares and pays CGT on his BTC, there's really no hope for him...
Smh