If there’s one thing that irks me consistently it’s the proposition that tax not charged is a cost to the government.
The want to keep their boot on your throat, they don’t give a fuck about you, they want to keep you poor and they don’t want you accumulating wealth for yourself or your family!
Opt out, buy #bitcoin and self custody!
You'd think that successful Aussies that are able to support themselves would be lauded. But noooo. Instead the govt will loot their savings. Foregoing consumption and leaving an estate for the next generation gets so many knickers twisted. The incentives are so different with Bitcoin! 😄
The regulatory risk of super is unacceptable. I see the day coming when we go to get our super and the rules will be changed to only allow a monthly draw down in the form of a pension or similar. Then when you die the remainder is taxed with a death tax or similar. To believe the government is not planning a way to get access to the 3 trillion is just naive. A self managed super fund holding Bitcoin at least gives you options down the road. It may mean having to leave the country but at least it’s an option.
Agreed, who knows what form it takes, when they will do it, whether they do it all at once or slowly but they are looking at our money like it’s their money!
