DavidDoesLemmy @ DavidDoesLemmy @aussie.zone

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25

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604

Joined

2 yr. ago

I think we have shot in cities if we separate cyclists. In rural areas we have no hope. Lots of bored kids getting drunk and driving too fast. You can't legislate away stupid.

I think she has a good point, but this is a poorly written piece. She dilutes the issue of scraping content without paying for it, with the quality of ChatGPT's output. And she doesn't seem to know what a "brogrammer" is. It's not just anyone who works in silicon valley. It's a jock who would have previously gone into finance, but now chooses tech because it's the hot thing. Who does she think is a brogrammer? Sama? Ilya? GB? Karpathy?

It's weird to say that because of negative gearing, property investors can't lose. Negative gearing is literally losing. You can only negative gear when you're making a loss.

Because you work for 2 weeks then you get paid for those 2 weeks. If you earnt $1000 in 2005 and didn't get the money until today, you'd be upset because $1000 doesn't buy what it used to.

They say on average the market goes up 7% per year and inflation is about 3% per year. So it's about half.

I think it makes sense to limit negative gearing. But it would be a tough sell to remove it entirely. They could limit it to a max amount per year. Maybe 20k per year.

It's to counter inflation. If you have an investment that you sell for 10% more after a few years, you haven't actually made 10% because inflation ate up some of your returns. So for simplicity they say after a year we'll count half of your returns as inflation and half as profits.

As a full time WFH employee, I don't know about this. I think it makes sense for some jobs, but having it as legislation seems weird. Some people like working in the office and want to work at a company with an in office culture.

Yes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%

You're confusing effective tax rate with marginal tax rate.

Marginal tax rate is the tax rate you pay on each additional dollar earnt. The fact that the Australian government hides some of the taxes doesn't mean you don't pay them or that they're not part of the marginal tax rate.

58.57% tax rate per my calculations. That's not including GST.

45% income tax, plus 2% Medicare levy, plus the incremental tax added as you move from no div 293 to full div 293. Plus you're paying 10% GST on the things you buy. When you add all these together, earning an extra $100 can net you less than $50. You can see it when you play around with paycalculator.com.au

The highest marginal tax rate for income earners is over 50%. And it takes effect at much lower incomes than other comparable countries.

Increasing the GST would cause double taxation, as people who earnt money at a higher income tax rate then spend that money at a time when there's a higher consumption tax.

Sounds like you have an axe to grind with gen AI.

AI is an umbrella term that covers many things. Why would we stop using it?

So we all go back to the country our ancestors were in 500 years ago? Tear down all the cities and towns? Rip up the roads? Unfortunately I don't think we can undo colonialism

You can usually pick up last year's model for a major discount and it's often not much different to the current model.

The Australian people have had access to it. Property is theft.

True, but from his alleged preferences, I'm not sure where he would catch anything from.