Australia collects more tax per person than almost any
Speaker:country on earth. And yet we're broke. Infrastructure's crumbling.
Speaker:Hospitals are failing. Schools are underfunded. But
Speaker:your taxes? Well, they keep going up. So where's all
Speaker:the freaking money going? Now, in this episode, I'm reacting to
Speaker:the most insane examples of government waste, corruption and
Speaker:incompetence and showing you exactly why they'll
Speaker:never fix the tax crisis. Because fixing it isn't
Speaker:the goal. keeping you trapped is. $1 million
Speaker:salary after tax, Australia $540,000, Switzerland $750,000, Singapore $780,000, Malaysia
Speaker:$800,000, Hong Kong $850,000. Dubai,
Speaker:one million. Oh, isn't that a freaking joke? It's so disappointing.
Speaker:It's like soul destroying to think that in Australia, you
Speaker:have to essentially work almost half of
Speaker:the year. So from like January, February, March, April, May, June,
Speaker:pretty much. And all that money that you've just earned
Speaker:goes in tax, goes to the government to spend on absolute
Speaker:garbage right now. Like even today, we're talking about ISIS brides.
Speaker:Excuse me if I just don't want my taxpayer dollars going
Speaker:to the repatriation of ISIS brides. And then when they get here, guess
Speaker:what else happens? We then have to pay for them not to work, fund
Speaker:their housing. It's an absolute joke. No wonder so
Speaker:many people are moving out of Australia. Look at all those
Speaker:other countries where you're earning so much more. You're keeping more
Speaker:of your money in your own pocket. And I tell you, I'm
Speaker:ATO has $50 billion in unpaid taxes due, and now
Speaker:they've just hired private debt collectors to go and get their $50 billion
Speaker:Is that right? Well, first of all, I don't owe any money to the tax
Speaker:office. I've paid up all of my taxes. And trust me,
Speaker:when you've got to write a check to the ATO that is
Speaker:seven digits, It's
Speaker:freaking a killer. Anyway, so this is, I'm not on the hit list, so I'm not worried
Speaker:They claim how aggressive they are. And the problem is that they're now dredging up
Speaker:How aggressive they are. What are they going to do? He's like, right
Speaker:now in Australia, they're sending people over. about things
Speaker:that you write on social media. We've basically turned into this state
Speaker:now, like the UK. You write something on social media, you get a raid
Speaker:They might be 20 years old, but they wrote off. They're bringing those back in again. When the
Speaker:government cracks down on debt collection, the reason that there's so much tax earnings, not
Speaker:because of recalcitrant taxpayers, it's about the government's policies. Basically,
Speaker:it allowed people to probably take a bit of the mickey out of the government. They've written off the
Speaker:tax debt, so you wrote some tax years ago and you couldn't get I can't listen to this anymore. Honestly,
Speaker:I'm so far over the tax system in Australia. It's ridiculous. There is no incentive
Speaker:anymore in Australia to even work because we're literally taxed
Speaker:the fact that all these multinational companies, they don't even pay
Speaker:$200,000. That's how much the Allen Labor
Speaker:government has spent on taxpayers' money on office pop plants.
Speaker:The Suburban Rail Loop Authority. Now, I love an indoor plant just as much as
Speaker:Get into the indoor plant business, okay,
Speaker:and become a contractor for the Victorian Socialist
Speaker:Party, the Labor Party. Under Jacinta Allen.
Speaker:Send her a nice note. Make sure you slip something under her door
Speaker:though, right? Because that's how these guys operate. They love getting some
Speaker:kickbacks over here. The Victorian Labor Party,
Speaker:Hired these plants for $200,000. The
Speaker:way that this government wastes your taxpayers' money is
Speaker:So what do you think? I'll tell you what I think. The Labor Party in Australia
Speaker:is essentially a legalized criminal cartel. If
Speaker:you were going to come up with a way to siphon taxpayers' money
Speaker:to come back to yourself, you would do it exactly the way the Labor Party has
Speaker:done it. And what they do is they siphon all the taxpayer dollars
Speaker:over to their mates in the CFMEU and other union-type
Speaker:entities who in turn funnel some of the money
Speaker:back, they don't send all of it back, they send some of the money
Speaker:back to the Labor Party so that they can fund all of
Speaker:their future elections so they can get re-elected again and
Speaker:then take your money and the cycle goes on and on
Speaker:and on. And no wonder people are fed up with
Speaker:$10 million. $200 million. I'm sick of even seeing this guy's face.
Speaker:I honestly am. The other day, he made a comment, and I think it's
Speaker:absolutely turned a lot of people in Australia. And it was just
Speaker:after we've had this, the Bondi massacre in
Speaker:Australia by Islamic jihadists. And
Speaker:he comes out and says, but we need to create unity
Speaker:and we have to consider Ramadan, right? What the?
Speaker:Are you serious? Honestly, if this guy wins the next election,
Speaker:I will be absolutely gobsmacked. But anyway, let's see what
Speaker:Australia's national debt will
Speaker:top $1 trillion in the next 18 months, according
Speaker:Of the young people here, who's concerned about the level of debt that
Speaker:Show of hands. And could you keep your hands up? Honestly, no
Speaker:one even knows about the debt. No one actually cares about the
Speaker:debt. What they care about is how much money is
Speaker:in their pocket. And you've got the Labor government raiding
Speaker:people's retirement savings. And they're now wanting to
Speaker:raid your profits on any rental property
Speaker:that you currently own, right? They want to keep you. reliant
Speaker:on the state, right? You've got ISIS brides and the like now
Speaker:funneling back into Australia, of which our taxpayer dollars has
Speaker:to help fund when they get back here to do with housing and, you
Speaker:know, social welfare and the like. And it's an absolute joke. Don't
Speaker:even get me started on the debacle and
Speaker:the rort within the NDIS. I mean, the whole thing is
Speaker:just, it's endless. It makes me sick. And you know what? I can't watch
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Speaker:Would it be accurate to say that the tax on offshore gas exports,
Speaker:Taxes on beer, we're expecting $2.7 billion. Taxes
Speaker:How do we live in a country, one of the biggest gas exporters in the world, and
Speaker:we're getting more tax from beer than... We love beer.
Speaker:We've made
Speaker:changes to the PRRT that we got through the parliament. Other
Speaker:areas of tax reform for us, right now the priority is delivering on
Speaker:our election commitments and including the bill that the
Speaker:Honestly, it's just pathetic, isn't it? Fancy the situation where
Speaker:we're actually collecting more tax revenue from beer. I mean, it actually doesn't
Speaker:surprise me. We're letting off all these multinational companies that really
Speaker:should be paying more taxes in Australia. But instead, no, we
Speaker:come after the everyday Australian by getting the
Speaker:taxes from you where it hurts, which is, of course, beer. And
Speaker:it's not just beer. It's actually everything. It's the fuel.
Speaker:It's groceries. Obviously, you've got 10% on everything. The fuel
Speaker:has excise tax. Half the money in
Speaker:fuel is actually in tax. It's an absolute joke. Not
Speaker:to mention the stamp duties, the this or that. It's endless.
Speaker:And of course, you might even be paying the luxury of
Speaker:47% tax on the income. Imagine working a
Speaker:whole half a year and paying it to Albo and
Speaker:Jim so they can go piss it up the wall to bring in things like
Speaker:ISIS brides. Pathetic. I love going on the ISIS
Speaker:brides. No, but it's actually, they did a poll the other day and
Speaker:64% of the surveys they did don't want the ISIS brides back.
Speaker:Most people are against it. Yeah, yeah. There's a small percent that are
Speaker:How is it that the top four banks in Australia are in the top eight
Speaker:most profitable banks in the world? I mean, how do you get 26 or 27 million
Speaker:You probably didn't know that. If you're a mortgage holder, you know that in Australia, you've got
Speaker:two options. One is you can fix the interest rate for a period of time. And the second is you
Speaker:But did you know that in other countries like the US, when
Speaker:you get your mortgage for like 20 or 30 years, you
Speaker:get the rate at one fixed for the entire 20 or
Speaker:30 year period. So you've got a situation in America when the
Speaker:rates were so low, people were getting 30 year mortgages
Speaker:at like 2%. Right. Could you imagine having that? It'd
Speaker:be absolutely brilliant. And now the rates of course, across
Speaker:the globe and also in America have gone up so much. There's no
Speaker:incentive now because what happens is when they sell that property, the
Speaker:mortgage also goes. So they have to go back into a new
Speaker:Property with a new mortgage, which would be at whatever the rates are at the time at
Speaker:the moment. They're a lot higher So no one's then selling their houses because
Speaker:they've got such cheap interest rates The same thing happens with like a car
Speaker:lease at the moment. I'm only paying like 3% on
Speaker:my car lease, right? Absolute nothing. Yeah, but
Speaker:if I was to refinance or go and get a new car, I'd have to get a new lease
Speaker:It's gonna be like seven eight nine percent. I'm like stuff that I'm not getting new
Speaker:one. So I So
Speaker:the moral of the story here, we're getting absolutely screwed by the banks
Speaker:in Australia. Full stop. They're talking about banks. They're absolutely
Speaker:screwing you. Government is bleeding you. It's all
Speaker:a big joke. So guys, I'll say it till I can't say
Speaker:it anymore. You have to protect your wealth by holding Bitcoin in
Speaker:an SMSF. End of story. Full stop. See
Speaker:you later. When you finally wake up, CoinStash is
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Speaker:Well if this isn't a kick in the teeth for Australians, what is? We're in the middle of
Speaker:a cost of living crisis and the federal government just hits people with a stack
Speaker:of automatic tax increases. Your leg size went up again. Thanks. Tax
Speaker:added to every litre of petrol in the country. It rises twice a
Speaker:year with inflation. Alcohol the same deal. Right now roughly $30 of
Speaker:a normal bottle of gin or vodka is just half. And although
Speaker:I don't condone them, Siggy's annexed, tobacco excise goes
Speaker:up again in March, and the idiots pushed that tax so high that
Speaker:people moved to the black market and the government revenue actually fell.
Speaker:Let me just say, the politicians, honestly, for the most part, are
Speaker:so dumb, right? At least the bureaucrats who are pressing the buttons, right?
Speaker:The politicians don't really make up any of the rules. It's the bureaucrats behind
Speaker:the scenes that are doing all this crap. And Matt here, who's
Speaker:a freaking legend, is exactly right. The government is
Speaker:screwing us over every which way we turn. Matt
Speaker:Australians are really struggling. I'm just here thinking to myself, how
Speaker:are these people so bad with money? How can they not
Speaker:find revenue anywhere else except squeezing people already
Speaker:under immense pressure? It's the same thing. Costs are up.
Speaker:Bills are up. Taxes are up. And I'm just asking myself, what the hell
Speaker:He's so right. And this is what you've got to do. You've, you've now at the
Speaker:point where you have to spend full time every
Speaker:day, trying to find ways to either make money, save
Speaker:on tax, or at this point you could do what I'm actually doing,
Speaker:which is getting a plan B passport. Cause I'm thinking, you know what?
Speaker:We just simply cannot stay in Australia and
Speaker:continue to fork out millions of dollars
Speaker:in taxes, of which goes to things that
Speaker:I don't approve of, right? I don't even want to start the list. I'm
Speaker:going to get, all the Wokies will come after me. Like,
Speaker:no, we do want the ISIS brides back in Australia. Yeah. Okay. All
Speaker:right, guys, look, thank you for joining me on that very, very controversial, very
Speaker:political reactions episode. But tell me what you
Speaker:think guys, if you agree with my stance on, you know, being against
Speaker:all the woke ideology, which I cannot stand, or do
Speaker:you love the woke ideology? Do you also love the fact that
Speaker:we have a communist socialist government in Australia and
Speaker:you support them 100%? Let me know. Thanks for tuning in
Speaker:to Crypto Collective. If you've enjoyed this episode, the best way to
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Speaker:don't miss an episode. You can also find more of me at