Jerry_Atrick

Isn't the idea that the value of money drops over time.. So, according to Google AI $100,000 AUD in the year 2000 is worth almost $208,000 today: Assuming no cost of maintenance/works over time nor other allowable deducations, if you don't discount for inflation and simply deduct sale price (let's say $500,000) from the purchase price you will get $400,000 gain you have to pay tax on. However, you are comparing a different dollar today than in the year 2000, where the value of the dollar less than 1/2 of what it was back then. To work out the value of your capital gain as opposed to the amount of the capital gain, you would either have to convert your original purchase price to today's value (almost $208K) oir convert the sale price of $500,000 to the value in year 2000 (c. $240k). If course doing it the latter way will mean you have to convert the difference back to today's dollars to calculate the income in today's numbers to allocate the correct tax; the former method converts to tody's values. If you don't convert the to today's value, you are overstating the value of the capital gain by almost $108,000. The raw difference (in this case $400K) does equal value (in this case, c. $292k). The only way to work out today's value of yesterday's dollar is to apply the inflation rate (or if there is some other price index more reliable indicator of purchasing power/value, than that should be used). The it comes down to the objective. Taxation policies are used to impact behaviour and therefore are not always applied fairly. For example, if you want to take hot air out of the house price market, taxing on values so more tax is being paid is one way to do it. If you want to simply tax fairly, so it is more about revenue generation than market correction, deducting inflation seems fairer as it is on value. But, of course, if like the UK, the country is broke and it needs to maximise revenue, taking out inflation should be dropped.. It will be a progressive tax as the more you make on a captial gain, the more proportionately you will pay. Personal income tax is a problem in this area (I know this is not a capital gain). As the purchasing power of money drops over time, the taxation thresholds at which different rates of tax kick in should be increased to cover the reduction in purchasing power. Famously, as in the UK, they have delayed this well beyind the current thresholds. This means you start paying tax, or paying higher rates of tax on lower values of money. This hurts the lower income earners more, because as the value of money decreases, wages tend to increase pushing say non=payers into paying tax on the same value, not amount of money. [Edit] I think a better option would be to eliminate the capital gains tax relief on property: Funny how this won't happen - just check the assets held my many senior politicians in the country - they have proven very unlikely to vote to eliminate that little deal.

Nothing stopping you from trying. Let's see how many votes you get.

One Nation is increasing in popularity - that is true. A 2% jump to be precise: https://www.roymorgan.com/findings/9951-federal-voting-intention-november-16-2025,. However, it did fall in two states. QLD, unsurprisingly, registered its biggest gain. And yes, ALP is down 2%. The reality is more and more people do feel left behind, the product if an increasingly unfair distribution of wealth. I would also say it is the disproportionate taxation and burdening middle classes that is also contributing. Couple tha with the owners of both mainstream and social media pedalling the message of their donors/sponsors/advertisers that distract from the real issue and lay blame on various "-ism's", and along comes parties that have policies to suppress democracy and sew further hatred, and you have people like Chump, Farage, etc getting prominance and ultimately power. None of their policies will solve the problems. However, the mainstream parties do have to lift their game, and that also means fighting with fire. Here's an example of the Chumps, Hansons, et al of the world work.. The major parties have to realise the messaging modes have changed and fight back sometimes using the tactics, if not the lies or misleading statements put out by those who will ultimately make lufe hell for many they purport to be the saviour of:

What is wrong with supporting big infrastructure projects? They create economic value on two levels - one is directly/indirectly while the build is going on and then increaseing economic capacity. Many jobs are directly created, investment is made, and then the thing has to be operated and maintained. Then there is the indirect economic consequences of the industries that support it - again during the build and beyond. The second economic return is the capacity it adds to the economy and consumer through workforce mobility. They are far more efficient than adding highways and road networks alone. The plan is to build it in stages and each stage will start operation - starting with the airport rail link in 2033, then the Cheltenham to Box Hill in 2035, then two more stages after that. It can take up to 30 years to deliver it all,yes, but operation will start much sooner, and benefits to the economy have already started. So, why would bebe an issue - especially if the federal government are footing some of the bill.. About time somewhere else other than NSW got the lions share (under SFM and Abbot) If the money wasn't being spent on the SRL, it would be spent on something else. Frankly, the investment is a good thing.

Maybe a False Angels patch...

Day three of ownership started for me wit a trip into Taunton for an eye test before next week's class 2 medical. I am happy to say my eyesight has improved since the last test Not sure how, but there you go. In the morning, it thow blowing a hoolie - much faster than forecas 15kts. And, contrary to the forecast, it was raining, though nnot too heavy. The car beeped at me and when I looked at the message it was warning me the outside temperature was less than 3 degrees(celcius). To be honest, I was looking for an excuse to delay picking up the bike until tomorrow as I was not looking forward to riding it back in that muck. When I got home, my son told me about a super sale Triumph was having and we should go to the local dealer to try on some clothing. Darn it. In their website they had some ripper deals, with £650 jackets down to £190; £180 gloves down to £22 (yep that is not a typo) and £400 trousers down to £90. So I took my son down to the dealer - it is the only main brand dealer in Taunton with the others either in Bristol, Exeter, or both. The dealer wasn't participating in the sale, so we came home, not long after almost buying a Speed 400: https://www.triumphmotorcycles.co.uk/motorcycles/classic/speed-400/speed-400-2024. That would be for my son on passing his A2 licence, which allows up to 47bhp bikes. But I had to remind him, first bikes tend to get dropped so a brand new one is not on the cards. We came home, ordered my son a jacket, trousers, and two sets of gloves (one for me as theyseem better than the ones I spend considerably more on). They didn't have my size in jacket or trousers or I probably would have bought them as well as they seemed better than mine that I paid about £40 more for and that, too, was on sale. I guess when Triumph has a Black Friday sale, they really have one. Then, into the car with partner and off to pick up the bike. Coincidentally, the clouds cleared, the temperature shot up to 5 degrees, and the wind died off to about 8 knots or so. When I got to the ship, the bike was sitting there resplendent in the sunshine with new heated grips and storm guards. I went in to pay for the work which included: Fitting the heated grips and storm busters Full service including: 4 litres of semi-sythetich 10W40 oil Oil filter replacement Air filter replacement Bleed and replace the brake fluid in the brake and clutch cylinders MOT (RWC) inspection Some other consumables 2.5 hours labour VAT (sales tax) He commented that although not concourse, it is a great example of a very good bike. I told him I was using it for commuting to London and he advised me on how to look after the bike. He spent a half an our showing me in detail what to do using a bike on a lift; what to buy and where from for the best price for quality. He could have kept going and I thought that was fantastic - someone who take interest in their clients because he loves bilking (he races them). So, I am certainly going to stick with him. I felt far more confident on the ride home this time. I stayed on main roads as much as possible, which took longer, but was far more enjoyable. I didn't put the heated grips on to test the storm guards and they do a pretty good job. Hands didn't get cold like they did yesterday. The good thing about htese heated grips is the controller is integrated into the left grip - no big box for vandals to rip off,which has heppened to me in the past. There are a few people in the village that have motorbikes, so I looked up Halse Motorcycle Club on Google. It must compete well with another well know motorcycle club:

HR Departments.. Have no idea how the real world works.. Won't go into detail, but one of my reports works her posterior off and wanted a couple of days compassionate leave. She doesn'tyet meet the service requirements as per the policy., which says in rare circumstances, exceptions will be given, but of course doesn't list the circumstances. I asked for an exemption based on the hours she puts in compared to the hours she is contracted. No dice from them. Rules are rules! So, Ihad totell my direct report no,but then said, do not work an hour over her contracted hours for the foreseeable future. Their loss, for two days leave!

My brother has done that.. I couldn't bring myself to even try..

Despite their not being a credible alternative to the ALP at the moment (beyond the Teals and David Pocock - the Greens seem to have swayed a little to the activist side at the moment), the ALP seems to be doing a reasonable job. There will be stuff ups and vested interests to contend with, as well as powerful lobbyists, but compared to the previous governments, they could do a lot worse given how crap the others are. I didn't think Albo had it in him and the Voice referendum jusitifed my position. But to his credit, unlike Starrmer here, he has learned a pretty valuable lesson from that stuff up and seems to be far better than many people's expectations. He hasn't made decisions that will satisfy everyone - you can't do that in politics. But it seems, with a couple of exceptions, he is finding the correct balance.

Hmm.. can't recall ever being offered free electricity when fossil was the major player in town. So much for the cost argument: https://www.reuters.com/business/energy/australia-offer-three-hours-free-solar-per-day-millions-2025-11-04/

Are you sure: But, yeah, luv the bike so far...

Looks like they are all united.. like they were last time:

Day 2 of ownership and I took the bike this morning to the shop - in 2 degrees grey muck with a little drizzle thrown in for fun. First of all, F! it is a heavy bike with a dry weight of 251kgs. We have a stone parking area of the driveway and I had to drag the bugger back with a bit of resistance before I could get onto it and go. Around a tight curve then down the steep bitumen driveway, holding it in first and using the brakes to stop it rolling away. A tight left onto the road, a shallow left, followed by another tight left and up a country lane, where it is quite hilly and s biy of debris around: The top red line is quite hilly, with an especially steep and narrow road deading south into Milverton. Past Milverton, it is more undulating, but narrow and some quite heavy traffic, wtill with a lot of muck on the road and it was getting wet. Also, as I reached Wellington (Tonedale is a suburb of Wellington), my hands were noticeably cold. For the lower red line, a van had to be patient behind me as I was not taking it too fast. I am still getting used to the lump of metal at the moment. But, into Wellington, I was able to filter past stopped cars and the van was eventually left well behind. Foolsihly, I said to my partner to head off ahead of me as I will catch her in no time. Famous last words as she had been waiting for a "few minutes" for me to arrive. Looking at the bottom right of the map, the red dot marks the location - Foxmoor Business Park. Coming south along the road, you had to drive to the round about at thejunction of the M5, and dow a yewie back as no right turn is allowed from that road. When I dropped the bike off the mechanic was working on a pristine Harley of some sortwith a fantastic side car. Ithad a blue andwhite colour scheme and looked the bees knees. Anyway, I received a call - I was a day early for the MOT renewal - it is due on the 18th Decemeber, but can only be renewed within the month it expires, which starts on the 19th of December. Apparently, it sailed through with no problems. It had a full service and a check over, and all is OK. That was a relief. Heated grips and storm guards are fitted. It is tucked away nicely in the shop, which is great, as it is chucking it down today. I may well park it in the coach house overnight, a dilapidated garage on site that is still largely watertight. It is also at the bottom of the driveway so not such a pain to get out. In addition, there is a slight downslop to the garage, so I can "back it" into the garage ready to be ridden out immediately. Problem is, it is a 50m walk or so to the top of the drive, which will be a pain in the wet and lugging luggage up. That reminds me - fitting the top box tomorrow.

Defo.. I touch the downpipes when I think I think it is ready