Scott Phillips
@tmfscottp.bsky.social
Investor. Business person. CIO, The Motley Fool, Australia. Director, City Recital Hall
Hopefully the government follows through and dumps (probably unworkable) legislation to restrict or limit AI implementation.
Don't get me wrong: it'll have downsides.
But it's here to stay. Ignoring it would mean we miss the benefits and become internationally uncompetitive.
Don't get me wrong: it'll have downsides.
But it's here to stay. Ignoring it would mean we miss the benefits and become internationally uncompetitive.
August 10, 2025 at 9:25 PM
Hopefully the government follows through and dumps (probably unworkable) legislation to restrict or limit AI implementation.
Don't get me wrong: it'll have downsides.
But it's here to stay. Ignoring it would mean we miss the benefits and become internationally uncompetitive.
Don't get me wrong: it'll have downsides.
But it's here to stay. Ignoring it would mean we miss the benefits and become internationally uncompetitive.
A roundtable with nothing on the tax table, this term?
It's like discussing tax reform but excluding GST.
(Yes, a delayed reform is better than no reform, but so much for an emboldened second-term agenda.)
It's like discussing tax reform but excluding GST.
(Yes, a delayed reform is better than no reform, but so much for an emboldened second-term agenda.)
August 7, 2025 at 6:48 AM
A roundtable with nothing on the tax table, this term?
It's like discussing tax reform but excluding GST.
(Yes, a delayed reform is better than no reform, but so much for an emboldened second-term agenda.)
It's like discussing tax reform but excluding GST.
(Yes, a delayed reform is better than no reform, but so much for an emboldened second-term agenda.)
Only Trump could think making American healthcare more expensive was a good thing.
August 5, 2025 at 8:36 PM
Only Trump could think making American healthcare more expensive was a good thing.
More (expected) economic stupidity from the US administration.
Some (relatively) good news for us, though: our tariff will be 10%. Worse than 0%, but better than the 15%-20% reported earlier this week.
(For now... who knows what he'll decide next week.)
Some (relatively) good news for us, though: our tariff will be 10%. Worse than 0%, but better than the 15%-20% reported earlier this week.
(For now... who knows what he'll decide next week.)
July 31, 2025 at 11:44 PM
More (expected) economic stupidity from the US administration.
Some (relatively) good news for us, though: our tariff will be 10%. Worse than 0%, but better than the 15%-20% reported earlier this week.
(For now... who knows what he'll decide next week.)
Some (relatively) good news for us, though: our tariff will be 10%. Worse than 0%, but better than the 15%-20% reported earlier this week.
(For now... who knows what he'll decide next week.)
This is some really interesting work from the Productivity Commission.
The scope was too narrow (they were told company tax changes must be revenue neutral), but it's a really provocative idea.
It has some good and bad parts, IMO, but a great starter for discussion.
The scope was too narrow (they were told company tax changes must be revenue neutral), but it's a really provocative idea.
It has some good and bad parts, IMO, but a great starter for discussion.
July 31, 2025 at 10:11 PM
This is some really interesting work from the Productivity Commission.
The scope was too narrow (they were told company tax changes must be revenue neutral), but it's a really provocative idea.
It has some good and bad parts, IMO, but a great starter for discussion.
The scope was too narrow (they were told company tax changes must be revenue neutral), but it's a really provocative idea.
It has some good and bad parts, IMO, but a great starter for discussion.
Somewhere, in NW Queensland...
"Hey, fellas. It worked for Whyalla. Let's tell the State and Federal government we want some money, too!"
"Hey, fellas. It worked for Whyalla. Let's tell the State and Federal government we want some money, too!"
July 30, 2025 at 3:35 AM
Somewhere, in NW Queensland...
"Hey, fellas. It worked for Whyalla. Let's tell the State and Federal government we want some money, too!"
"Hey, fellas. It worked for Whyalla. Let's tell the State and Federal government we want some money, too!"
Mixed news on inflation.
- Headline fell to 2.1%, which is excellent.
- 'Trimmed mean' meaningfully higher at 2.7%
- Quarterly headline at 0.7% is 2.8% if annualised, so we need to be careful with the annual number (see ABS chart - the 2.1% benefits from lower past quarters)
- Headline fell to 2.1%, which is excellent.
- 'Trimmed mean' meaningfully higher at 2.7%
- Quarterly headline at 0.7% is 2.8% if annualised, so we need to be careful with the annual number (see ABS chart - the 2.1% benefits from lower past quarters)
July 30, 2025 at 2:34 AM
Mixed news on inflation.
- Headline fell to 2.1%, which is excellent.
- 'Trimmed mean' meaningfully higher at 2.7%
- Quarterly headline at 0.7% is 2.8% if annualised, so we need to be careful with the annual number (see ABS chart - the 2.1% benefits from lower past quarters)
- Headline fell to 2.1%, which is excellent.
- 'Trimmed mean' meaningfully higher at 2.7%
- Quarterly headline at 0.7% is 2.8% if annualised, so we need to be careful with the annual number (see ABS chart - the 2.1% benefits from lower past quarters)
Not only is the Productivity Summit likely to just be a series of PR set-pieces (and a waste of time, because those things could be discussed/communicated without a talkfest), but every group is now pushing their own barrow.
National interest?
(Good for the papers, though!)
National interest?
(Good for the papers, though!)
July 29, 2025 at 8:49 PM
Not only is the Productivity Summit likely to just be a series of PR set-pieces (and a waste of time, because those things could be discussed/communicated without a talkfest), but every group is now pushing their own barrow.
National interest?
(Good for the papers, though!)
National interest?
(Good for the papers, though!)
This is silly.
King Canute couldn't hold back the ride.
Neither can the unions (or governments) on AI.
Yes, look after displaced workers.
But don't pretend that protectionism is a valid response - it'll only make us internationally competitive and hard living standards.
King Canute couldn't hold back the ride.
Neither can the unions (or governments) on AI.
Yes, look after displaced workers.
But don't pretend that protectionism is a valid response - it'll only make us internationally competitive and hard living standards.
July 29, 2025 at 12:43 AM
This is silly.
King Canute couldn't hold back the ride.
Neither can the unions (or governments) on AI.
Yes, look after displaced workers.
But don't pretend that protectionism is a valid response - it'll only make us internationally competitive and hard living standards.
King Canute couldn't hold back the ride.
Neither can the unions (or governments) on AI.
Yes, look after displaced workers.
But don't pretend that protectionism is a valid response - it'll only make us internationally competitive and hard living standards.
Hopefully the Treasurer is still open to fixing this Super tax.
A reminder: We *should* collect more tax from large Super accounts.
But...
- It shouldn't be retrospective
- It should be indexed
- It shouldn't be levied on *unrealised* gains
A reminder: We *should* collect more tax from large Super accounts.
But...
- It shouldn't be retrospective
- It should be indexed
- It shouldn't be levied on *unrealised* gains
July 28, 2025 at 9:11 PM
Hopefully the Treasurer is still open to fixing this Super tax.
A reminder: We *should* collect more tax from large Super accounts.
But...
- It shouldn't be retrospective
- It should be indexed
- It shouldn't be levied on *unrealised* gains
A reminder: We *should* collect more tax from large Super accounts.
But...
- It shouldn't be retrospective
- It should be indexed
- It shouldn't be levied on *unrealised* gains
Language matters.
This sentence is 100% accurate, but it picks the wrong subject, IMO, and lets Trump pretend there is no tariff impact on Americans.
Just as accurate, and more clearly, it could read:
"Americans will pay 15% - 20% more for imports..."
This sentence is 100% accurate, but it picks the wrong subject, IMO, and lets Trump pretend there is no tariff impact on Americans.
Just as accurate, and more clearly, it could read:
"Americans will pay 15% - 20% more for imports..."
July 28, 2025 at 8:46 PM
Language matters.
This sentence is 100% accurate, but it picks the wrong subject, IMO, and lets Trump pretend there is no tariff impact on Americans.
Just as accurate, and more clearly, it could read:
"Americans will pay 15% - 20% more for imports..."
This sentence is 100% accurate, but it picks the wrong subject, IMO, and lets Trump pretend there is no tariff impact on Americans.
Just as accurate, and more clearly, it could read:
"Americans will pay 15% - 20% more for imports..."
This is a 'deal' in the way that the school bully has a 'deal' with the kid who is forced to hand over his lunch money.
July 27, 2025 at 8:29 PM
This is a 'deal' in the way that the school bully has a 'deal' with the kid who is forced to hand over his lunch money.
Time to get back on the finance horse.
First official day back from leave is tomorrow, but my first hit out is with Jane Goldsmith for Nine's Late News later this evening.
Let's see if I can remember how to do this...
First official day back from leave is tomorrow, but my first hit out is with Jane Goldsmith for Nine's Late News later this evening.
Let's see if I can remember how to do this...
July 27, 2025 at 9:31 AM
Time to get back on the finance horse.
First official day back from leave is tomorrow, but my first hit out is with Jane Goldsmith for Nine's Late News later this evening.
Let's see if I can remember how to do this...
First official day back from leave is tomorrow, but my first hit out is with Jane Goldsmith for Nine's Late News later this evening.
Let's see if I can remember how to do this...
Home!
More than 12,000km over almost 5 weeks.
Bowral, up through NSW and Queensland to Darwin.
Then Kakadu, Arnhem Land and Litchfield.
Then back to Darwin and home.
Thanks for following along.
#TopEndRoadTrip
More than 12,000km over almost 5 weeks.
Bowral, up through NSW and Queensland to Darwin.
Then Kakadu, Arnhem Land and Litchfield.
Then back to Darwin and home.
Thanks for following along.
#TopEndRoadTrip
July 24, 2025 at 4:06 AM
Home!
More than 12,000km over almost 5 weeks.
Bowral, up through NSW and Queensland to Darwin.
Then Kakadu, Arnhem Land and Litchfield.
Then back to Darwin and home.
Thanks for following along.
#TopEndRoadTrip
More than 12,000km over almost 5 weeks.
Bowral, up through NSW and Queensland to Darwin.
Then Kakadu, Arnhem Land and Litchfield.
Then back to Darwin and home.
Thanks for following along.
#TopEndRoadTrip
Next time you're in Cowra, do yourself a favour and have brekky at the Kendall Street Cafe.
Great food and service.
#TopEndRoadTrip
Great food and service.
#TopEndRoadTrip
July 23, 2025 at 10:18 PM
Next time you're in Cowra, do yourself a favour and have brekky at the Kendall Street Cafe.
Great food and service.
#TopEndRoadTrip
Great food and service.
#TopEndRoadTrip
Spent last night at the Hotel Corones, because of forecast rain.
Great old pub in Charleville.
#TopEndRoadTrip
Great old pub in Charleville.
#TopEndRoadTrip
July 22, 2025 at 10:55 PM
Spent last night at the Hotel Corones, because of forecast rain.
Great old pub in Charleville.
#TopEndRoadTrip
Great old pub in Charleville.
#TopEndRoadTrip
July 21, 2025 at 9:45 PM
July 21, 2025 at 4:05 AM
July 20, 2025 at 11:12 PM
July 20, 2025 at 1:57 AM
July 19, 2025 at 9:45 AM
July 19, 2025 at 3:24 AM
July 18, 2025 at 6:21 AM
July 16, 2025 at 10:19 PM
July 15, 2025 at 3:04 AM