Leaderboard

Two television celebrities put themselves up as candidates in elections to find a leader for their countries. One did it as a joke, and became a respected leader. The other did it to become the leader, and became a joke.

A capital gain on a personal use asset is subject to CGT if it cost you more than $10,000 to acquire the asset. Capital losses on personal use assets are ignored. This means you can't use a capital loss on a personal use asset to reduce capital gains on other assets (including other personal use assets). Personal use assets are CGT assets that you keep for your personal use or enjoyment. They include: boats furniture electrical goods household items an option or right to acquire a personal use asset a debt resulting from a CGT event involving a CGT asset kept for your personal use making a private loan to a family member or friend. The following are not classed as personal use assets: collectables – these may be subject to CGT your main residence, which is generally exempt from CGT cars, which are exempt from CGT. If you dispose of personal use assets individually that would usually be sold as a set, you get the exemption only if you acquired the set for $10,000 or less.

$42 M in Australia today does not buy you a radio announcer or a union delegate, let alone a munitions storage.

I neglected to include the difficulty of enforcement (train/phone at the time), but if when you sell someone wants a receipt, you are going to be, if only slightly, a little more at risk because the next bloke nay get audited and he produces a receipt from you. Granted, the risk is tiny, but regardless $500 for a single item that doesn't have an exemption for, say not having up to a reasonable amount of the type of collectable for normal use whether you can prove it is for normal use or not is scummy and shows they may be prepared to use it against the little people when there are far bigger fish to fry. It's about a culture as opposed to the probability of enforcement... IMHO

Trump ripped up Obama's nuclear treaty with Iran, then started a pointless war that cost thousands of lives, hundreds of billions of dollars, half of the US missiles and tens of aircraft, disrupted shipping to most of the world and caused fuel crises in many countries. Now he's desperate to end the war before the midterms, so is doing a "deal" that leaves the Iranian regime better off than before the war. Tell me again how he's "righting the ship"?

Trump has debunked the adage that wisdom comes with age.

Some things they track. For example, all aircraft change of registrations are notified to the tax office.

Just to be clear this is not a new rule. The method of valuation has changed. I am not necessarily disagreeing with your points, though.

They are riding Chinese bikes.

Oh, great. Just what we need. Another big target on our backs.

Well, I hope we make a lot of money from it and they are building us an effective iron dome

The US is planning to spend $42 million to build a munitions storage facility in the Albury/Wodonga area. https://www.news.com.au/technology/innovation/military/us-marine-corps-builds-warready-weapons-dump-in-victoria-amid-china-fears/news-story/ef24940b8a068deedd0257590bc478a8?utm_source=News.com.au&utm_medium=Facebook&utm_campaign=EditorialSB&utm_content=SocialBakers

Trump beat Kamala Harris by only 1.5% of the popular vote. The electoral college system is the reason he got in easily with 312 votes compared to Harris's 226. Only a few thousand votes in a couple of swing states could have seen Harris the winner. Their system is corrupt and skewed by vested political interests. The US was considered a flawed democracy before the 2024 election & sits at No 34 on the World democracy index well below the threshold to be considered a full democracy. Now it is almost an autocracy under Trump. The average American seems to accept this as OK but the real test will be the Mid term elections later this year.

Finke is a free for all but they still have a womens class, which by the way i think is a great thing. Love seeing women compete in things like motorcycle riding. Tried to get my daughter into it a bit, she can ride but was more academic type.