In his farewell address, President Joe Biden warned of a growing American oligarchy led by tech billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg, who have amassed excessive power and wealth. He expressed concerns about the tech industrial complex, the decline of the free press, and the dangers of artificial intelligence, emphasizing the need for responsible governance of AI technology. Biden also highlighted the influence of social media platforms like X and Meta in shaping public discourse, urging for greater transparency and accountability in tech companies’ operations.
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ACTU boss Sally McManus calls for five-year plan to limit negative gearing, CGT concessions to one investment property
Union boss Sally McManus has called on Labor to limit tax benefits for Australians with multiple investment properties to address intergenerational equity and housing affordability, proposing a five-year plan to restrict negative gearing and capital gains tax to one property. This change could generate $1.5 billion annually and aims to alleviate the housing crisis impacting younger generations, urging Labor to act decisively. Want More Context? 🔎
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