Stephen Mayne

20% even when there's easy 20% profit to be made.

So I'm blaming the move away from paper for the crisis in democracy in corporate Australia and the ongoing shafting of retail shareholders who don't know how to navigate online to avoid themselves by being deluded by participating in a capital race.

Anyway, I should stop the rants.

Your turn, boss.

Yeah, but I think it is an interesting point that, you know, the concessions are things like if your net assets are less than $6 million, if you're retiring –

If you're buying another business, so you can sell your business and as long as you buy another business, you get the sort of rollover relief and there's also a 15-year rule.

So, look, there are four areas of concessions but I agree with Will that they probably will need to tweak them.

if they're going to limit the political damage because people are pretty furious and it is a significant increase.

And then I don't know how they're going to do the startups thing because that's just going to be treating one sector different from others and that's always difficult to do with policy.

Now, Anonymous says, I'd be keen to know if you had any of your cool graphs on growth by sector and growth by size of business.

Specifically, it feels like businesses, both retail and small hospitality, have been in recession for about 15 quarters recently.

With rising interest rates, this means stagflation in these sectors for the last two quarters.

My sense is there will be a lot more than the usual closures in those areas in the next six months.

Well, this sort of goes to a bubble, hurts other sectors that are not loved.

And look, there's a lot of talk about retail.

I mean, poor old Meyer shares.

They were $1.24 18 months ago.

They're down to $0.24.

So...

Yeah, restaurants, hospitality, retail, you got any graphs on them, sort of backing up the anecdotal sense that they're really hurting?