Labor has recently had their economic roundtable where they

had all these industry stakeholders come in and

talk about all the things they want to do to help the economy and this, that and

the other. And what came out of it was actually pretty much nothing. The

bedroom tax, the most idiotic tax you

could even think of, again, under the guise of solving

the housing crisis, right, forcing people to move out

of their three or four bedroom house into like a one bedroom studio.

This sort of falls into that category of the sheeple, right, that is literally just

walking along blindly. It's like, oh, yeah, whatever the government says must

be great. Yeah, we'll do exactly as you say. Beep, boop. I'm not

just against Labor because of their reckless spending and also

the government control. I'm also against the Liberal Party as well

if that is what they do. I'm Matthew Fraser and this is Crypto

Collective. After making millions with Amazon and e-commerce, I

realized that if I was starting again today, crypto would

be my first choice. I'm here to help you take your first

steps and build real wealth. Ready to set yourself up

for life? Let's go. Guys, I've been loving

doing these videos, especially when I'm talking about Labor's

tax regime that they're imposing on all the people. In

fact, I love it when people push back. I love the

hate comments, right? They're my favorite. I

love seeing people's mentality, their psychology behind

why they want to take from people like me, and

many of you, who have done well in their life. Yeah,

what is the mindset behind that? Is it because they've got a rubbish life

themselves? Is it because they just are envious or

jealous? Probably a combination of all. So

let's talk more about Labor's tax regime and

some updates. And at the very end of this

episode, towards the end, I'm going to dive deep into the

comments to some of my TikTok videos. If you're not on my TikTok channel,

it's going absolutely ballistic because I do a lot of commentary about

Labor's tax regime, which I think is completely outrageous. And

of course, let's see what people are saying on there. Give some commentary on

that. So first of all, let's bring you up to speed as to what is happening in

the landscape of Labor's tax regime, their tax hiking in

Australia. Now, if you're not across it, you just have to turn on really anything

these days. Where we're up to is Labor

has recently had their economic roundtable,

right? Economic roundtable where they had all these industry

stakeholders come in and talk about all the things they

want to do to help the economy and this, that, and the other. And

what came out of it was actually pretty much nothing that was really

highlighted. There has been still reports about Labor taxing

the family home. That is proposed. It's not a definite.

But even if it's on the table, you've got to ask yourself, why

is that the case? And the argument, just if I

talk about the taxing the family home, because I know so many of

you are opposed to this, Jim

Chalmers and Albo are saying that if such a proposal was

to come to fruition, it would be for, wait

for it, to help solve the housing crisis,

right? And the equality, right? Equality, what does

that mean? It means those, again, it's the divide

between the haves and the have-nots, right? If you have

a home, then you're in the haves, and if you're a renter and don't have a

home, you're in the have-nots, right? And so why

would they be doing that? It's because they cannot manage

the budget. Labor are completely useless

at managing the budget. And that's why they just want to raise taxes. And

the easiest way they can see to do that is to

take from those who have. Now, these two

professors from university actually came up with this idea, which they proposed

to labor, which was to tax the family home. They

said, well, they've done too well, right? They've prospered under

this Australian society with their home.

And so, therefore, they should give some of that profit that

they, if they obviously, it'd be, that'd only be realized profit

if they sold, but they should take some of that profit and

sort of give it to the government. which

people who have not PILE think it's sort

of coming to them, right, into their bank balance. It doesn't work

that way. It just goes into the government coffers and of course the government sell it as,

oh, we're going to boost schools and education

and hospitals and da-da-da, right? So it just goes into the ether, right?

It sort of disappears. It's not actually going to people who were, let's

say, needy into their bank balance so they can now afford a home or

something like that. And of course, because there's so much mass

migration right now, and you've got to ask yourself, where

the hell are these people living? They've got to live

somewhere, right? And that's why the house prices are getting pushed up. And that's why

we have a housing crisis and a rental crisis. There's nowhere to freaking live,

right? But the government is persistent. And it's only just been reported in

the last few days. We kind of knew this, though, really. But

now it's kind of out in the open, is that Labor are bringing in

people from certain countries because it

just boosts up their voting pool. That's pretty

much all it is. And we had Tony Berg during the last election running around, granting

citizenships to all sorts of people to get them over the line. So it

was basically a bribe. That's exactly what it is. It's, hey, I'll

give you citizenship, but when it's coming to election time,

just remember who got you across the line, yeah? Quick pro

pro. Simple as that. So

there was really nothing that came out of it. We have seen though

out of Victoria now, sorry, I forgot to mention, the

bedroom tax. The bedroom tax, the most idiotic

tax you could even think of. Again, under the

guise of solving the housing crisis, forcing

people to move out of their three or four bedroom house into

a one bedroom studio. A couple can live there

completely fine. They should give up their house because other people can then move into

it. Of course, that actually wouldn't happen in

reality though. The people that can't afford to get into the housing market

are not going to be able to all of a sudden afford to be able to get

into the housing market just because the granny and the grandpa moved

out into a studio and left their house that they've been living in for like 40 years.

And above that, neither should they. They

should not be forced out of the home that they've lived

in forever just because the government has

stuffed it. It's called private property.

And under the private property rules, you're allowed to keep... Look,

I don't even care if they've got a... If they actually... What they should do is

that that couple should build an extension on their house and build another 10 bedrooms,

right? And then just still live there and just lock them up.

And like, we've got 10 now, 10 extra spare bedrooms, right? And

we don't give a shit, right? Just to rub it in the

faces of the government, right? This is how ridiculous it

is. So, That's basically where we've come

to. But let's now jump into some of the things that

are being said on social media, because my TikTok is blowing up

right now, talking about lots of things to do with super. Let's see what they're actually saying

about it. I'll tell you what, who's copping it big time right now is the

Victorian socialist government. They are copping an

absolute hiding, because you would have seen recently too, Dan Andrews went over

and visited China. Now, I'm not saying there's any

corruption there. Like some people are suggesting it, not me.

I would never suggest anything like that. I'm sure Dan Andrews is a really upstanding

politician who was once the premier of Victoria. I'm

sure there were no deals that were done, you know, like the, what

was it called? The Belt and Road Initiative, where he was taking money from the Chinese

government to build roads, of course. And I think that was cancelled, and I

don't think there was any refunds given back to the state. And

then he ends up in communist China, shaking hands with

the president. I'm sure there's nothing to see there. Like a

lot of people are saying there is, but I don't know about that. So let's see what this

joke world, right? He reads, We are in a

lot of trouble, Australia. This Labor government is taking

away our freedoms and civil liberties. We

are on the fodder for their uncontrolled spending. We

have to act or we will all be effed. Our kids

and their unborn children, your grandchildren, are

being factored into

future budget forecast as being the slaves to the debt. He's

written a good comment here. How can we allow this? What type of

country and hell are we going to leave them? Act

now to be remembered as not doing a thing, or

act now or be remembered as not doing a thing. March for Australia needs

hundreds of thousands attending every single capital city. Well,

something that I haven't even talked about was the October 31st marches. We

saw a lot of people marching there, waving the Australian

flags, And this is what this guy's talking about, is

getting out there and showing your support for Australia. Of course, that

was actually under trying to stop the mass migration, because

look, to be honest with you, if you're living on the street or you're someone who's lining up

to get into rentals, you're now competing against all these people who are flooding

into the country. And I would agree with them. I think

why not just slow the rate of migration down and

let all the infrastructure and housing catch up to the people who

are already living here. It seems like a no-brainer to me, but it also seems

like Labor is hell-bent on making sure they secure the

next election, which, of course, I

actually think they could probably secure it anyway without even the help

of bringing in mass migration, because the Liberal Party right now is so

useless that Labor's probably

going to rump it anyway, because there was a course only this year, seems like so long

ago now, but a landslide where Labor won so many seats.

So let's see what else we've got here. Greg says, so glad I

left there in 2022, meaning Australia. After 18 months of lockdowns,

killing small businesses, I knew that government was socialist and

was going for everyone's everything. That's

exactly what they're doing right now. Yet the sheep will keep voting them

in. They have no idea where this

is heading. W-E-F, which is

World Economic Forum. You will own nothing and

be happy. That seems to be the catchphrase right now amongst a lot of people who

are making these comments. You will own nothing and be happy. And of course,

that catchphrase comes from the World Economic Forum where,

I think if I pronounce his name right, Klaus Schwab made that

comment. You will own nothing and be happy. Of

course, that's basically getting rid of your houses. You just rely

basically on a, they call it

something, basically a government handout. I

think it's like a government payment that's just paid to

you. You don't have to really do anything. A house is

provided for you. It's basically a full communist state. but not

something that we want to be living under. Also ties in with

the central bank digital currencies, which is a currency, which

is like a form of money that is controlled money, right?

They can monitor all of your spending. In fact,

I spoke to someone, one of the parents at my school recently, and

I told him about this central bank digital currency coming in. And

I was gobsmacked as to his response. Because I

said, look, it's completely programmable. It's controlled. You'll have

an allowance on how much beef you can have, how much petrol you

can buy, right? You have no privacy whatsoever. His

response to me was, I'm completely fine. I'm

completely fine with that. I said, what? I'm completely fine

with that, he said, because I've got nothing to hide. I'm like, are

you freaking serious? Do you have any idea what you're talking about? But

I think this sort of falls into that category of the sheeple, right?

That is literally just walking along blindly. It's like, oh yeah, whatever the

government says, it must be great. Yeah, we'll do exactly as you say,

beep boop. So

let's see what else we've got here. Justin says, it's not our problem.

We didn't agree to it. It's the politician's debt. We

had no say in it. And he's talking about Labor's taxes.

The Northern Territory of Australia, this is from a person named R.

The Northern Territory of Australia has 240,000 population. All

the oil, gas, gold, and minerals, they're

$12 billion in debt. Right, so what he's saying is that the Northern Territory's got

all these natural resources, but yet they're in $12 billion of

debt. Getting worse every year, wait for

it, because 30,000 public servants wages

bill is $7 billion a year, not

including the federal servants. They pay $1 million per

day in interest. and should

be the richest place on earth. Well, R, I think you're exactly right.

Why have governments, and it almost seems now it's been successive

governments. Yeah, I don't want to put all the blame on labor, although they look

freaking hopeless, because it's not even the money

management from labor, it's actually the government control. And

let me just be clear. I'm not just against Labor because

of their reckless spending and also the government control. I'm

also against the Liberal Party as well if

that is what they do, right? I'm not just like blindly saying, oh, whatever the Liberal

Party do, they're awesome. No. That's why many,

many years ago, I was completely against this whole net

zero rubbish. I was talking to a lot of people who were in power saying, this

is crazy. And they're like, no, we need to do it because of

votes, because we think that people want it. They don't freaking want

it. They can see how destructive it is. And of course, we've got Labor saying,

it's the cheapest form of energy. The power prices are coming down. They're

not coming down, people. I hate to say that. So

let's keep going. It isn't only Victoria. It's

federal as well. Australia, it's a trillion dollars in debt. Now, speaking of Victoria

and the debt, I only just saw the other day, the

Victorian debt This is absolutely unbelievable. But

the interest they pay on the debt is $1.2 million

every single hour. Can you believe it?

$1.2 million every single hour. And the debt trajectory is basically

just straight up. That's why they're bringing in

all these other taxes down there. They're even wanting to

bring in a state sales tax on the family home. So not just a federal one,

a state sales tax. They've obviously jacked up all

the land taxes. And I know I keep harping on about this. And

the reason why I harp on about all these taxes is to make

people realize that this is actually happening. It's in the pipeline, or

it's being discussed, and it's coming into the system. And

you need to be awake to it, otherwise you'll just be sleepwalking straight

into it. And then one day wake up and think, how come we've got less money? It's because you've

been taxed to be Jesus. That's why I'm trying to tell you

guys that you have to actually go and now vote with your feet. So come on next election, particularly

in Victoria, which is up in like November or something next year, vote

them out. They do not need to be rewarded again. Look,

you can't get any worse. Even if you brought in like the dud Liberal Party down there,

it would still, I think, be better than the Labor Party, because

there's so much corruption going on down there. It's outrageous. All

right, next one. Have you all looked into Bitcoin recently? I

used to think it was too risky until I learned how every day the

world are using it for trading, but as a way to store value.

Protect against inflation. Now that is a big one, protecting against inflation. We

all know what's happening with inflation, right? You go to the shops right now,

you wheel out your trolley cart. Only a few years ago, it would be like

half a cart for a hundred bucks, right? So you know exactly

what's going on. And so what you've got to think about now is the

hurdle rate, which includes inflation and currency debasement, it's

actually closer to probably 15%. So a lot of experts are

saying 15%. What does that mean? It means that

you've got to be having your money work for you.

You cannot stick it in the bank. In the last probably

two weeks, I've run into two guys. One

actually came to fix one of my cars. I saw a tradie fixing the car. I

got talking about Bitcoin and money. Of course, he

saw the Bitcoin hat. I said, and he actually told

me, I've got $300,000 sitting in

Are you serious? I was going to buy

a house, but it didn't happen, yada, yada, yada.

$300,000, and I explained to him that it's being eroded right now to the tune of

at least 10% to 15% a year. His purchasing power is

going down. And I don't know if it clicked. Yeah,

because basically means that everything else is going up faster than

his money is growing, right? Even though he had it sitting in a bank growing,

I think it was, you know, 4%, right? So it's actually going backwards.

You cannot have your money sitting in a bank. And it's surprising.

I think I've met three people in the last two weeks that have all got a similar situation.

Once I explained to him the power of Bitcoin and how it's actually compounding right now

at 50 to 60% a year, I

think he tweeted something in his eye, that's for sure. Anyway, so you must

not have your money sitting in the bank. Now, I'm not saying don't keep some

of it, like maybe keep 50 grand for a rainy day. But if you've got 300 grand

and you're thinking that someone's going to protect it by putting it in the bank, you are

sorely mistaken, people. Get it out of the

bank, if you can, by the way, if you can get it out of the bank. Because

you know when you go to the bank, they're going to be like, what's the money for? Where are

you sending it to? All the questions. All right, let's keep going to the comments.

This is about Labor's taxes. They're saying they've shown a systemic failure

in financial governance. Should be removed urgently. Why

can't we actually just put a vote of no confidence in, say, Labor, you're absolutely

useless, and just get them out? What's the process for that? They should

be teaching that in school. Actually, that's what they should be teaching in social

studies. John Alex

says, Labor equals the unemployable running the

country. That's a problem right now

because in the Labor Party, I'm not sure if you guys know this, but basically no

one has ever worked in private sector. They've all either

come through, this is actually Albanese's play,

university straight into the private sector. He

went to university, then straight into the unions, and

then he worked for like an MP. So it's kind of like just government, government

sector, and now ends up as an MP. Now

he's obviously the prime minister. So he has no concept

whatsoever of what it's like working out in the real world. So

there's no surprise. Hey, guys, real quick. If you've been wanting to earn passive Bitcoin

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Use the link in the show notes to learn more. Now back to the episode. Now,

New Sea 2021 says, it's a labor clown show that

will pull at all states down. Watch

out WA. Sergio, that don't have a

clue how to govern, therefore tax, tax, tax. Yeah, Labor is just

full of tax. What's this one here? It's not Rotsisart. This

is Crypt Jeff. It's not rocket science. I

used a smart bot that spots big plays early and flips

3K into 76K in just a week. Actually,

you've just given me an idea, Crypt Jeff. Maybe

we could just get chat GPT, which

I'm now using Grok, of course. And check out the episode I just did on Grok, talking

to Grok about how to actually get ahead in life, how

to have a decent retirement. We could just use Grok in

government. Let's replace their PM. That's

genius, because they'll come up with all the good ideas. And

Grok is also not susceptible to the corruption and what

have you through the unions and lobby groups. Far

out. God. I was actually talking to someone

yesterday who was telling me they want to be a lawyer. And I said, look, don't

be a lawyer that's going to be taken over by AI, right? I said, if

you want a job that's never going to be taken out by AI, I

said, just become a politician, right? But now I'm actually maybe

second guessing myself on that. We might have PM

Grok. All right, this comment is,

what was Australia's debt when Morrison was ending his

disastrous PM and was the hourly rate since you

started flapping your gums in that direction? Oh, this is actually one

having a go at me. This is one that I love. Let's see if there's any response. No, no

response to that. So Bocco Steven, thank

you so much for that comment. Look, I don't even know what the debt was, to

be honest with you. But like I said just before, whether liberal

or labor, they've both basically not been that great, right? But

we need to start taking action now. And I'm so glad that something, finally

some common sense is happening down in Canberra, right? Although the Liberal

Party, they're full of, like someone said the other day, they're full of bedwetters,

right? Which they basically are. They're now starting to

talk about canning net zero because it's costing

this country an absolute fortune and no one even, nowhere else basically

in the rest of the world even cares. OK, so I don't even know what we're

talking about. We should just get rid of it. Dave says, how

about first take away the huge salary they get to

pay for their own F up? He's talking about taking away the salaries that

the politicians get. Now, they've given themselves a pay rise four

times. So imagine that. Imagine you're out

there. You're sitting there like, where's my pay rise? Have I had pay

rise four times? Now, if you're in the government sector, you probably had heaps, right? Well

done to you. Well done to you. You've had lots of pay rises, but if you're in

small business, medium business, you're self-employed, you

don't really, like, give yourself an extra pay rise, right? You basically, you're trying to make ends

meet still, right? Even though, of course, we know small business, et cetera,

is the backbone of the country, but it's very, very difficult

because when you've got a lot of taxes that are coming down the line, and also, it's

not just even taxes, it's, like, stupid things. Like, I saw one the other day. It

was a, like, a wellness health, mental health check thing,

this study that you had to do as an employer. You have to do one now. It's

important, but the government makes you do it. And it

costs you money to do it. So you've got to take time out of your day to do it. And you've

got to pay for it yourself. The government's not paying for it. So it's another set

of red tape. When they talk about red tape, there's another one on top of business. So

Driller Jennings says, you get what you voted

for. Labor voters are dumb, and they keep voting Labor regardless.

Look. To be honest with you, I hate saying that

Labor voters are dumb, because really, I don't

want to target them. What I actually think is that there

are some Labor voters who are dumb. There are

some. But there are also just

some Labor voters who, they're not

dumb. It's just that they've just been sold the lie. Most

people, as you can appreciate, don't really follow politics. I

follow politics a lot. Most people are just struggling to

make ends meet. They get up, they go to work, they go home. They're not what, they're not cared about

the MPs, the political parties or anything like that. And then funny

enough, you know, at the end of the day, they sort of get their, they open up their

wallet and they've got less money in there. And I don't even know if they even make

the connection between, Hey, that's because, you know, the Labour Party is driving up

energy costs, which therefore drives up cost of goods, et cetera. Right. So, and therefore I

have to pay more. I don't even know if they understand that. Because

I do know a lot of good people who actually did vote Labor. And

it's not because they're dumb. It's just because they have no interest in politics. And

perhaps their parents voted Labor. So when they were younger, their

parents just said, hey, vote Labor. So that's all what they've always done. So

I just hope that people just wake up, no

matter which political party you vote for, and just understand what is

going on in the system. And then make a more of an educated, voting

choice. Oh, Jason69, Labor

grubs the lot of them. Oh, hang on, let me put this. Labor grubs the lot

of them. Labor

has never been able to manage money. Absolutely useless.

Couldn't have said it better myself, Jason. Oh, what's it

got? Oh, this is a good one. The Blue Bins. All

right, have you guys seen what's been going on with the blue bins? These are the

machete bins, because this someone else wrote a comment too. He said they

paid $320,000. I think it was even close to maybe $350,000 or

$360,000 for the machete bins. This was the Amnesty machete bins in

Victoria, right? And we've had all the machete attacks down there.

The state government puts out this new initiative. We're just

going to get the criminals to hand all the machetes. And we're going to put these

amnesty bins out there. They look like one of those Salvation Army deposit,

big metal bins where you donate stuff. Apparently, they

cost something like $350,000 a bin. And this guy says they paid $320,000, whatever. for

an $8,000 machete bin. I would even be like, $8,000 for one

of those? You've got to be joking. Now, it probably would be because of metal

and the labor and everything behind it. But honestly, someone

has taken the absolute piss out of the Victorian

voters and the public down there. Absolutely unbelievable. I

think I just recently saw though something that linked Dan Andrews

into that somehow. Either he engaged

the company or he previously engaged the company that made the bins, something

like that. So Dan Andrews may have his fingers

in on that one. But someone did really well, that's for sure.

I think the sign will be when you go to the place that

made the bin, see how many Lamborghinis are now out front. I

think that will be the giveaway. I think that's

about it, guys. I think we're going to wrap this up now. There's

been, there's been lots of comments, but if you want to come and check out the TikTok, please do so.

There's lots of things happening on there. We get a ton of comments on

there, thousands of thousands, like some of them, like a hundred thousands of

views. So it's very, very engaged on TikTok, but

tell me some of the reasons, even, you know, push back and I'd love to hear

why you love Labor's taxes. You know, I know I've heard the

ones about, it's about equality and we need to take from those people who have done

really well because we can't do well ourselves. I know all those

arguments, but maybe put some other ones in as well. All right, guys, look, let's

see how this all plays out very, very soon regarding

labor's higher taxes and regimes from what we know is probably a 2% wealth

tax and inheritance tax, probably a tax on the family home.

And the sad part is, as Bitcoiners, one,

if we're getting taxed more from our salaries and our other investments, it

means we can't allocate more to Bitcoin. So we're actually being robbed

from Bitcoin allocation. And then on top of that, we

could even see the government coming in and grabbing some

of our Bitcoin profits. But of course, you have to pay

tax on those anyway. What I'm talking about, though, is unrealized profits.

That could be the big one. All right, let's hope we don't see it. All right, guys, thanks so much. Appreciate

you tuning in. Take care. Thanks for tuning in to Crypto Collective. If

you've enjoyed this episode, the best way to show your support is to leave a

five-star review on Apple Podcast or Spotify and

make sure to subscribe to the YouTube channel so you don't miss an episode. You

can also find more of me at I'm Matthew