Finance

[Forest Cat]

I have to believe many of these same politicians come from the business sector and are investors, themselves.

We have a special breed of politicians. There are some differences compared to the US.
Unrealized capital gains wealth tax is one of those fun differences.


Here’s why this crypto startup founder is on the Socialist Party’s ‘Wall of Shame’

 

[Mary Terry]

Sort of boils down to Dave Ramsey's advice, "The best way to save money is to not spend it." Obvious when you think about it, but it seems few people do.

Suze Orman preaches the same thing.

 

[Outdated]

I was looking at expenses last night, electricity last month was $280. Food/household was $450.

That seems pretty outrageous to me.

My electricity averages around Au$2000 a year, roughly 1200 euros. And I probably spend around Au$200 a month on food and household.

 

[Forest Cat]

That seems pretty outrageous to me.

My electricity averages around Au$2000 a year, roughly 1200 euros. And I probably spend around Au$200 a month on food and household.

Outrageous is a good word. In 2023 electricity cost me around 6500 Australian dollars.
The price has been high for a few years, it used to be cheaper. But the winter also pushes it up, can't survive winter here without using a lot of electricity. When it's -25 outside, you turn on everything.

 

[Jonn]

"Eat, drink, and be merry, for tomorrow we die." I feel thats a Gladiator quote.. I was living that to the Maximus !!

I fixed it for you.

 

[Jonn]

They invest heavily and they can only be taxed on that if they sell those stocks for a profit (capital gains), like Elon Musk a few years ago when he sold stock and had to pay $10,000,000,000 in taxes. That's our tax code, and I don't think the wealthy decision-makers are going to change that in order for them to "pay their fair share".

Some of us busted a gut to get where we are.

Also, I paid around a quarter of a million dollars in capital gain's tax, all up, when I sold my investment properties.
I, personally, have "Paid My Dues".

Spoiler

 

[Jonn]

I was looking at expenses last night, electricity last month was $280. Food/household was $450. That's just two things on the budget and this is just for one person. Imagine a family of four. It's hard times. More difficult to save money now for most people.

Children are very expensive.
I suggest:

Spoiler

1. Not having them.
2. If you do have them, get them to work in the salt mines.