James Thompson
👤 SpeakerAppearances Over Time
Podcast Appearances
There's also a widget on the bottom of every Chanticleer article.
So you can send in a question that way.
This week, we've got a voice question from Will in Adelaide.
Good on you, Will.
That's a great question and a great sort of reframing of the budget debate this week, because he's right.
There's a lot of complaints, Anthony, and finding the winners is hard.
Just an aside, Anthony, this was even a hot topic at the mining summit.
If you imagine there's a lot of junior miners who are at the very start of their
They often have raised capital but don't have any revenue, don't have any profit.
Their view is that they'll attract less capital from investors because the capital is going to go towards high dividend yield stocks.
So maybe that helps explain where some of the winners are, right?
Yeah, yeah.
Anthony, I keep coming back to this idea.
I think a couple of things can be true here.
Yes, these CGT changes are not an incentive for people to invest in growth, and growth is what we need in this country.
They are not an incentive to invest in growth.
At the same time, it's also true that if you found the world's greatest deposit of copper in your backyard, or if you came up with the idea for the next Apple company,
The CGT changes aren't going to stop you pursuing that idea.
It's just not how business works.
You'll make enough profit from that to make yourself very pleased and have lots of success and employ lots of people.