Starting in 2025, 🇦🇺 Australia will begin taxing unrealized gains in employee pension-fund accounts with balances over A$3 million ($2 million). 
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Absolute insanity. Fiat clown world has hit rock bottom, and is starting to dig.
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Wow, that shit is insane. That happened to me in Spain. Hard to think of something more corrupt in terms of taxation
Scary.
f.ckin socialists.
Rugged
Maybe they actually *should* let China take them over…
Keeping you down...under. Unless you opt out? Does this not push wealth into competing assets? Will this happen in your country? What will you do if that happens? What can you do now to protect yourself?
Starting in 2025, 🇦🇺 Australia will begin taxing unrealized gains in employee pension-fund accounts with balances over A$3 million ($2 million).
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This is where the fiscally bankrupt meet the morally bankrupt. To all who think "this won't affect me" because their pension-fund account is way under 3 million: wait until they devalue the dollar again and again and again -- it will be. Now you will owe taxes on money you never had and never would have had. DISHONORABLE PRACTICES 👀
Someone with a net qorth of 2 million in the stock market can live on about $80,000 per year. That's about $6,700 per month, not poor, but that's not living high off the hog either.
Off with their heads 😏
Interesting choice of photo considering it's labor legislation that hasn't yet been passed and scomo isn't even in parliament anymore.
Crazy Idea but maybe the Australian government should just buy less coffees.
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