Jerry_Atrick

Longest for me... And this week is expected to shatter warmest day in June records in the UK. Apparently in Seville in Spain, it hit 48 yesterday or the day before

I don't support the one nor the twenty. The evidence should be gathered, heard and tested in the appropriate court, with any appeals to the higher court, after which I would accept judgement. I am generally against the court of public opinion in these types of matters

Er.. ahhh.. ahem... yes... yes... i suppose it was

Hookers will have to find new clients 😉 In the same vain, Chump has probably cost the US arms manufacturers and other military suppliers many more billions. Most of the big spending ex property leases will be on US companies.. Even construction of their bases, etc, will likely be US suppliers vetted by the military (I am guessing). I know someone who worked at RAF Lakenheath, and and I think it was RAAF Tindal (can't remember). He worked for an American company, ironically at the time, supplying the ADF and MoD, and not the USDF. At Lakenheath, there is a permanent USAF facility separated and at I think it was Tindal, there was a temporary command centre set up of the USAF. On both occasions, as a friendly American he went to introduce himself to the yanks at each base (probably trying to sell them something) and he was met with a very terse response equivalent to eff off. When he spoke to the UK/Aus personnel, on both occasions he was told they operate entirely separately and barely a word is spoken between them; a lot lived on the base and they had US supplies of their favourite home treats shipped in. Certainly, his antics will have his allies relying less on US manufacturers and after sales provisions as a result. For example, Spain and Portugal have cancelled or stop going ahead with procurement of the F35s, Europe is looking at shifting much of their military supply from US to their own suppliers; the UK is accelerating its Tempest fighter development; I don't think anyone in Europe is even looking at US drone manufacturers at the moment. If Chump unilaterally withdraws troops because of his childish antics, you can bet the long term damage to the US will be much more than a few landlords, supermarkets, and hookers. Yeah, there would be stuff that won't make sense to buy anything other than locally - normal food, civvie clothes, etc. And yeah, the sudden withdrawal of a large number of troops from the country will make a dent, but they rarely have a vast number at a single location, so the loss is probably minimal in the grand scheme of things, except where business are set up solely or mainly to service a local posting.

I don't think any of the western world mistook Chump for anything other than what he is, except in one way. They though that pandering to him would soften the economic blows he is capable of inflicting and attract favourable treatment. I have always maintained that is not the way to deal with transactional narcissistic bullies; and that they have to be stared down right from the get go. As I have mentioned on this forum, the pandering Starmer - a technocrat who was an unedifying capability of political self-alienation - was sickening to watch; at home though, many were initially claiming he played Chump skilfully, but quickly ate humble pie. The "allies" that did the best - Trudeau/Carney (the latter an ex head of the Bank of England), Albo, and the like - none of whom caved - seemed to get the better outcomes relative to their situations. For the rest, the horse has well and truly bolted; the only thing they can do is what Meloni has done - stare down Chump and correct him. However, I have to be honest, European (inc. British) leaders are generally spineless these days; and beholden to what they think may cost them an election, which, from my very small conversations with Europeans (mainly Germans), does not correlate to what at least some people think will cost them an election. Any move to push back will now be seen as fodder to carry out threats and treated as if the Europeans are withdrawing their hand of friendship. The new and improved "Art of the Deal".

I know the collectibles CGT wasn't introduced by Albo et al, howeve, Labior did introduce CGT in 1985 as a more equitable tax. At the same time, it did reduce income and some corporate taxes. However,the reforms were only at the top marginal tax rate so, with the exception of bracket creep, don't impact too many Aussies. Yet the thresholds for the tax to apply haven't changed since 1985. And even then, for the average punter - even a hobbyist. There is no threshold for a reasonable turnover as a hobby (i.e. selling off say one stamp to fund the purchase of another). AAlso not being able to offset against losses of othe CGT assessable asset classes is also pernicious. The cultural comment was aimed at the Aussie governments as a whole. Not just Albo... Not indexing thresholds, for example, is a cultural thing,. It is niot necessarily the coal face workers I am talking about. Is the CGT a stealth death tax? Yes.. In Australia, you don't pay inheritance tax on receiving the property, but when yu sell it. Many people sell the property (or want to).. so you have to pay the tax. It effectively defers the inheritance tax payable. It is better than the UK though, where death taxes are payable on property recived > GBP 250K per person and the taxes payablke on inherited pensions can be up to an effective 80%. I am setting up our property (which is diminished with this house) such that it is owned by an Aussie company,, and the kids can derive rental income so as not to ave to sell it. They can then use the equity to fund hopefukly fund further investment/growth.It is about the most tax efficient way of doing it..

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

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

Farq.. I agree with PM.. it will bring a lot of ordinary people into the net. $500 is not a lot these days and unless you can prove what you have bought is used on a frequent basis, it will be classed as a collectible and if you sell it as yiu don't use it anymore and you make a profit, you pay. But if you make a loss, you can only offset that loss against other gains on collectibles you sell within the tax year.. not even other CGT payable assets let alone your total assemble tax. This is what I call pernicious tax... And Google tells me thar the official rate of inflation isn't taken into account, but some formula applied by the ATO, which is usually lower than the inflation rate. This is what I call a pernicious tax or a money grab. There is a carve out for personal use, but you have to prove it and it cant be occasional; it has to be frequent.. In theory, that jewellery necklace bought for wearing on the wedding day and only dragged out for special occasions will he caught.. so yeah, it will affect a lot of ordinary people.

As there is a thread about Chump already, how about we make this about the "average American". Firstly, what is the "average American"? Or do we mean the stereotypical middle class American - and even this is hard to define as their preferences and attitudes can vary differently between states. But how does this correlate to their rise in economic and political power? And concentration of that economic and political power. Don't forget, the US economy was originally built on some of the most oppressive largesse compared to its peers - slavery, suppression of workers rights, etc. Even today, not a rise since 2009 of the minimum wage.. very little leave entitlements, virtually no redundancy rights, etc. at least compared to its peers. And let's not forget, the leader in a democracy, of which it still was in 2025 when Chump was elected, is the result of a majority of votes or seats or states or whatever, in accordance with the electoral laws and systems. In this case, in 2025, Chump was able to attract the popular majority of voters as well as states. Yep, I feel sorry for the Democrat voters, and for America not having what it considered a better option. But ultimately, they knew what he was going to do, knew he would do it and some cited that is why they voted for him. As a result, I don't feel so sorry for the Americans.. they made theiur bed (if not all of them - but that is how it works). In fact, I could argue the current administration doesn't break with their historical past, particularly with respect to avarice. I do feel sorry for the rest of the world (or at least the US allies) that bought into the US, had no say, and now have to deal with the fallout.

On the basis that current aged voters would die out, yes. But it ignores two other things. First, and less likely, the new found popularity of one nation will result in those offspring and impressionable of those new found voters being conditioned into following... Of course, most of the new found voters probably have adult kds where it is too late (hence, less likely). But, as we age, our ideology tends to change - usually moderate more than flip.. But there are enough people on the boundaries that may keep PHON in popularity or even increase it (assuming every other factor stays the same). I just mentioned it as a possible outcome, but if UK experience is anything to go by - and indeed US experience - the electorate may well have had enough that something really bad has to happen before they change their tune. On any other electoral system, Farage and UK Reform would possibly be the second or likely third party in the UK House of Commons today - straight past the post averted that. Chump is in because of the protest vote - the die-hard MAGA base is not enough to give them more than a few states (yes, Chump is Republican, but lets face it, their national elections are usually based on the presidential candidates). Pauline#s rise is not dissimilar to Farage's.. disenfranchised population, structural unfairness, immigration concerns, etc. And now, a rise in the polls; the difference is Reform are now polling ahead of anyone else. Both parties have the same issues - candidate vetting is terrible, controlled by billionaires and open about it, offering cheap solutions to difficult problems, etc. It is likely, unless Labour in the UK turn things around quickly, Reform will be the next government (Conservatives are in the same position as the Libs). Then the shit will hit the fan and as the British are less rusted on, Reform will hopefully implode before they can do too much damage, or will at least be booted out and we will never hear of them or their people again. Although Albo is far less unpopular than Starmer, it is plausible that without Labor turning it around, Pauline could make a decent go of it at the next election.. definitely not a majority, but with preferential voting, you may well see quite a few One Nation taken seats in the House of Reps. That would give her enough to make a dent, but not enough to extend them the rope to hang themselves (metaphorically to those sensitive to Pauline). If Labor continue, then as long as ON don't royally screw up, they could be in for a treat in 2031. It is not that far away (and assuming no early elections called). At the polls stand today, they look to be the majority party on a "two-party" preferred basis, where if one substituted them for the Libs/Nats in that race. As it is, they are polling well ahead of the Lib/Nats. Once they are in, if they are, like Reform, they would likely screw everything up and we will never hear of them again. So, while I agree, they are a fringe riding a wave of discontent, there is a more than tight probability they will become a major at the next election and the libs will pay for it. Agreed. this is the major reason for voter discontent; it's just the billionaires are great at getting a manipulated message out to the population it is identity politics (pick whatever you like) that is the problem. She had so many "I don't do policy on the run" responses to basic policy questions - I would put her more like Joe BP - "Don't you worry about that!"

Whoa.. There were a few spicy pages I just caught up on. 🙂 I think it is fair to say the two party system is in transition. To what - who knows? I will leave the performance of Albo and his crew to the appropriate thread. However, it is clear that there is a perception that neither of the two majors are truly representing the majority of Aussies at the moment. And, from the polls, it is clear the libs at least (and possibly the Nats) aren't thought to be at all representing their traditional base. Labor, at least federally, seem to be not too far off their normal primary vote; I read it was somewhere around the 28% mark; not too much lower than the last federal election of, from memory, about 32%. At the same time, there is a perception (real or otherwise) that the gap is ever widening between the haves and have nots and that blame is being successfully laid at the feet immigration, which plays into both fear and bigotry. This is because more and more of what was the middle class is being squeezed more and more. For various reasons, which would take a book to go through, blame has successfully been laid at the feet of immigration. This results in a perception the immigrants are taking away previous little resources that the majority of the population have to fight for, and along comes Pauline with her silver bullet fixes to everyone's problems. The Libs had their time and between Morrison and Dutton (with a little Littleproud thrown in), screwed things up so royally, they were booted out (Albo technically won, but in the famous words of Bill Hayden - a drover's dog would have won that election). To his credit, he took an early lump in the form of the Voice, licked his wounds, and then did a reasonable job. But hubris seems to be setting in (early) as it inevitably does, and he is no longer looking like he is really looking after the majority of the people he purports to represent. Having said that, the loss of primary vote is probably not much more than a protest vote - yet. The Libs seem to be so far removed from reality, that all but their most ardent supporters seem to have jumped ship. It's hard to understand precisely what they stand for. If I was a betting person, I would suggest in 5 - 10 years, without a complete about-face, they will fade into oblivion. Which may leave a two party system - Labor and Phon.. Or more likely, some other party will spring up as the Greens seem to be marginalising themselves (or at least no one is covering them much anymore). Or there may be more parties, in which case it is likely to become lie some European countries where coalitions are formed and broken. Whilst I support the key budget changes on economic grounds, there is a lot more that can be done. And, people like David Pocock are using social media effectively to get a message across of what is wrong with Labor and the LNP. Just google or youtube him and you will see what I mean.

Don't worry, Marty; I can still input some Jerry-isms...

Thanks, Chaps.. Just saw this thread.. Been terribly busy at work.. Still am, but took a couple of days off while the missus and daughter go to London for some culture. And for some reason, they browser spell checker is working again! Back to it on Tuesday, but have a lot of personal stuff to catch up on.