☮ ♥ ♬ 🧑‍💻4d ago

“Buried in the #budget papers is a revelation that Labor plans to impose a minimum effective #tax rate of 51 per cent on distributions from #discretionary #trusts to so-called bucket #companies.

The move is aimed squarely at the “hundreds of thousands” of people who use such strategies to split income with their #families”

Who has a family trust?

This is the new “Franking Credit” squeals from the Pearl clutching set. Isn’t it?

#AusPol / #RulingClass / #wealth / #power <https://archive.md/t2rFf> / (paywall) <https://afr.com/wealth/investing/how-labor-is-killing-family-trusts-starting-with-the-bucket-company-20260513-p5zw9r>

Don Curren 🇨🇦🇺🇦Jul 10, 2025
“ #nondefense #discretionary #spending as a percentage of GDP, which bumped up briefly after the 2008 financial crisis and Covid, but has remained low and gradually declining otherwise:” open.substack.com/pub/paulkrug...
Don Curren 🇨🇦🇺🇦Apr 28, 2025
“My preferred measure for a real-time assessment of people’s views about their own #economic situation is real #spending on #restaurants. This is useful since eating at restaurants is pretty much the ultimate in #discretionary spending.” substack.com/inbox/post/1...
Bluesky

Bluesky Social
beSpacificNov 25, 2024
#Trump #Musk #Ramaswamy have huge ambitions no humility about what they are undertaking. What they have talked about amounts to wholesale attack on federal agencies designed to eliminate thousands of #regulations, reduce the federal #workforce by an order of magnitude that could cripple the delivery of vital services, effect cost savings that would amount to nearly 1/3 of the #federal #budget or the entire #discretionary part of the budget #government #economy #democracyhttps://wapo.st/4fHN3FA
Change IdeasJun 11, 2024
The degree to which outputs provided by a sector are necessary for #physical #survival is the degree to which this sector should be #publicly #owned. And the degree to which outputs are #discretionary is the degree to which the sector should be #privately #owned. Watch now: https://youtu.be/ZYVmVK_XqdM
Five Principles for Sector Ownership – Part 2, Economic Ownership Principles

YouTube
Change IdeasJun 7, 2024
When #discretionary goods and #luxuries sectors are #publicly #owned, the number of choices and options will decrease because firms try to provide enough for #everyone. #Private #ownership of these #sectors helps people with disposable income because it expands their #choices and options. Watch now: https://youtu.be/BQkvNgc2rzA
Navigating the Private vs Public Ownership Dilemma – Part 1, Economic Ownership Principles

YouTube
Show threadNonilexMay 25, 2023

#Spending on the #military would grow next year, as would spending on some #veterans’ care that falls under nondefense #discretionary spending. The rest of nondefense #DiscretionarySpending would fall slightly — or roughly stay flat from — this year’s levels.

It would also roll back $10B of the $80B #Congress approved last year for an #IRS crackdown on high earners (#wealthy) & #corporations that evade #taxes

Show threadNonilexMay 25, 2023

In exchange for lifting the #DebtLimit, the #deal would meet #Republicans’ demand to #cut some federal spending, albeit w/the help of accounting maneuvers that would give both sides #political cover for an agreement likely to be unpopular w/large swaths of their base voters.

It would impose #caps on #discretionary spending for 2 yrs, though those caps would apply differently to spending on the #military than to other #nondefense #DiscretionarySpending.

SudetypeMar 5, 2023

There are plenty of Discretionary Ligatures in Knedle—ch, ck, ct, st, www, And in some cases we use them for easier typing of symbols, such as different kinds of arrows, manicules, circled figures or heart. Because DLIG is love. And we love you.

#font #release #opentype #features #design #dlig #discretionary #ligatures #typography

🇺🇸 Bewickwren 🇵🇹Nov 16, 2022

Walmart gets over half of its US #revenue from #groceries, while #Target’s business is more skewed toward #discretionary categories such as home goods, apparel, electronics and beauty products.

https://www.wsj.com/articles/target-tgt-q3-earnings-report-2023-11668561739

Target Earnings, Sales Sapped as Consumers Pull Back

Retailer misses quarterly expectations and lowers forecasts for holiday season

The Wall Street Journal