Superannuation investments are there for the people...NOT a nest egg for government to raid

http://www.smh.com.au/business/tax-breaks-on-superannuation-capital-gains-to-cost-almost-380b-by-201819-20160129-gmh8pg.html


The Turnbull government is under further pressure to cut back hundreds of billions of dollars in concessions that primarily benefit the rich, with Treasury figures showing the cost of capital gains tax concessions and superannuation concessions will be almost $380 billion.
Updated forecasts from Treasury show the capital gains tax exemption on the family home, the 50 per cent CGT discount and superannuation concessions, remain the biggest costs to the federal budget.

Absolute Bullshit article from Nassim Khadem yet again.

The government is 'losing' anything, the favorable tax treatments are rewards for locking up investment funds under strict government rules until after retirement easing the burden on the government to fund retirees.

Change the rules and its simple investors will move their cash into alternative investment channels and the government wont get their significant upfront taxes.

Simple really.

Calculating "the lost tax" is ridiculous, its the "people money" not the governments money and has been saved for the last 20 years. To talk about this as baby boomers are moving into retirement is ridiculous.


Cheers,

Dean

Mining drag wont last forever

Ross Gittens once again delivering the "voice of reason". There is a reason why he's been in his role for years.


http://www.smh.com.au/business/the-economy/ross-gittins-mining-wont-fall-forever-20160128-gmgntw.html

Starry Internet gigabit wifi service

Anyone in NYC with an interest in much faster wireless internet….
Sign up here – https://starry.com/internet#email-modal

 

Still need convincing read more here - http://www.dslreports.com/shownews/Aereo-Founder-Launches-Starry-Gigabit-Wireless-Service-136169

 

Aereo Founder Launches 'Starry' Gigabit Wireless Service -

While Aereo founder Chaitanya Kanojia failed to disrupt television, today he unveiled a new wireless broadband carrier he hopes will disrupt the cellular industry. At a New York launch event today Kanojia unveiled Starry, a new wireless ISP that promises to use millimeter wave technology to deliver gigabit wireless speeds to your home. The technology will lean heavily on mesh networked city nodes utilizing 30GHz+ spectrum. Users will receive both a "Starry Point" antenna that sits outside of your window to connect to the city node, as well as a customized $350 router the company is calling a "Starry Station." The station comes with a touch-screen LED display that will offer an integrated speed test, a map of participating city nodes, and how many household devices are connected. Kanojia isn't yet revealing pricing, but claims he'll offer pricing that's "orders of magnitude cheaper" than incumbent providers, with no usage caps. Yes, offering gigabit wireless at low prices with no caps does sound like wishful thinking. Konojia claims it's possible using "millimeter active phased array technology" and hundreds of scattered rooftop nodes throughout each city. "With Starry's technology, we can deploy and scale faster than traditional wired networks -- at a fraction of the cost,"

Based on holidays it seems Aussie economy is doing just fine?

Thought some of you might have an opinion and want to jump in......is it just me or are Australians taking a lot of holidays in the last 6 months? and its a pretty good sign that the Australian market is doing just fine...?

- https://www.facebook.com/SMATSGroup/posts/10153580609404219

Any thoughts? Interested in knowing if its just my circle of friends or if its soemthing other people have noticed for the last 6 months or so.

eg. not comparing between Aus and USA.....just seems like Australians seem to be taking a lot of trips in the last 6 months and interested in your thoughts.

Point72 opens in London

Like nailing honey, to be honest I'm not sure which side to cheer for

- http://www.nytimes.com/2016/01/20/business/dealbook/point72-steven-cohens-firm-reopens-office-in-london.html?partner=rss&emc=rss&_r=0

RIP Alan Rickman

Just watched #ALittleChaos on Sunday afternoon, Alan Rickman was his usual awesome self.





If doing a review of his work don't forget #Dogma folks, small role but he carried it perfectly.


#LiveTVchat

Cuomo trying to over reach yet again......

Reminds me of my old "When Boys Play With Toys" post back in 2008.

Cuomo yet again trying for "over reach". lol so Governor Cuomo when Pakistan or India or Saudi Arabia or China asks for similar access....do these lawmakers still think its going to be a good thing???


http://thenextweb.com/insider/2016/01/13/new-york-bill-would-give-law-enforcement-a-backdoor-into-your-smartphone/ 






WTF are you smoking Governor Cuomo??
- http://www.LivePoliticalChat.com/dean.Collins