Australian (ASX) Stock Market Forum

The Turnbull Government

Nobody pays for for revenue that is not accrued.

I ask people, if the government had $1 in more in tax money could they find someone who is willing to use it for some purpose?.......what if I gave them another $1 in tax, could they find a use for it.....what about another $1 - could they find a use for that as well......what about another $1......and another..

Where is the point at which there is nowhere left to spend these additional tax dollars?

I tend to think that before we get to that point the government has already taken my entire income as tax, so I now have my hand out to get some welfare.
 
Nobody pays for for revenue that is not accrued.

I ask people, if the government had $1 in more in tax money could they find someone who is willing to use it for some purpose?.......what if I gave them another $1 in tax, could they find a use for it.....what about another $1 - could they find a use for that as well......what about another $1......and another..

Where is the point at which there is nowhere left to spend these additional tax dollars?

I tend to think that before we get to that point the government has already taken my entire income as tax, so I now have my hand out to get some welfare.

Understand your point/theory.

Howard / Costello brought elections with giveaways during a revenue boom and left a permanent revenue deficit.

These tax cuts are touted as reform (not) are these tax cuts the same as no areas of savings have been mentioned?

Or is it just another US style Republican backdoor move to reduce services to balance future budgets?
 
Future generations for sure. All up it's nearly the equivalent of our entire future fund.

Hence my long held view that to the extent governments are going to have assets, and I do think that's wise within reason, they should take the form of physical things like roads, railways, ports, dams, power stations, schools, owning their own office buildings and so on and should never be in the form of liquid financial assets which are far too easily sold off without public scrutiny.
 
As of July 1

Penalty rate changes
Sunday penalty rates in the fast food, hospitality, pharmacy and retail industries are changing, following a Fair Work Commission decision last year.

Full -time and part-time hospitality workers will have penalty rates decrease by 10 per cent while causal employees will continue to get the same rate.

Retail workers will drop by 15 per cent with an extra 5 per cent decrease for casual workers.

Pharmacy employees' penalty rates will drop by 15 per cent and 10 per cent for fast food employees.

What an achievement
 
As of July 1

Penalty rate changes
Sunday penalty rates in the fast food, hospitality, pharmacy and retail industries are changing, following a Fair Work Commission decision last year.

Full -time and part-time hospitality workers will have penalty rates decrease by 10 per cent while causal employees will continue to get the same rate.

Retail workers will drop by 15 per cent with an extra 5 per cent decrease for casual workers.

Pharmacy employees' penalty rates will drop by 15 per cent and 10 per cent for fast food employees.

What an achievement


Creating an under class
 
We can thank Tory Tony for that. I can't vote Liberal with him there.

I doubt you could vote Liberal, no matter who was there, but that is only my perception.
Maybe Silly Billy, would have been better served, saying he would repeal the penalty rate ruling.
Rather than hitting, the small business, that employs them.
He never mentioned giving the roll back of the tax, to those who lost their weekend penalties.
 
We can thank Tory Tony for that. I can't vote Liberal with him there.
It took a while but here is Silly Billy's response to the "fair work commissions ruling on weekend penalties".

http://www.abc.net.au/news/2017-02-23/weekend-penalty-rates-fair-work-commission-decision/8295758

Billy's response to it from the above article, from the favoured ABC:

Labor to challenge Fair Work decision
Opposition Leader Bill Shorten said workers had been "kicked in the guts".

"We are going to do our best to convince the Fair Work Commission not to implement this decision," he said.

"If we are unsuccessful, we will also be changing the law in Parliament to change the rules that the Fair Work Commission operate under.

"I have never seen an argument which would justify wholesale pay cuts for the lowest paid workers in Australia."


It is a shame Billy has to change his policy, to change with his principles, no one knows what he will decide is on his hit list tomorrow. IMO

Funny how Abbott, said what he stood for and was shot down, now we have Shorten with more moves than a Swiss watch and no one takes him to task.
Bloody deplorable. IMO

If he does get in, there will be a lot of people with their hands out. LOL
 
I doubt you could vote Liberal, no matter who was there, but that is only my perception.
Maybe Silly Billy, would have been better served, saying he would repeal the penalty rate ruling.
Rather than hitting, the small business, that employs them.
He never mentioned giving the roll back of the tax, to those who lost their weekend penalties.

And vise versa considering the thread is about the fizzers government you do some serious Labor bashing
 
I doubt you could vote Liberal, no matter who was there, but that is only my perception.
Maybe Silly Billy, would have been better served, saying he would repeal the penalty rate ruling.
Rather than hitting, the small business, that employs them.
He never mentioned giving the roll back of the tax, to those who lost their weekend penalties.
Prior to 2007, I had voted Liberal more than Labor. That all changed when they had control of the senate and started taking away penalty rates (workchoices) without taking it to an election.

This time Abbott did it by proxy via fairwork. Both times were dishonest.

I don't rule out voting for Turnbull over Shorten but it won't happen if the penalty rates aren't replenished. Liberal supporters need to understand that there are times when you just have to look after number one. And when number one means paying exorbitant rent and putting food on the table it becomes a no brainer. Taking money off workers isn't Government. It's economic stupidity bordering on legalised wage theft.

Tax cuts for small business is the way to go and I've been advocating that from the start.
 
Tax cuts for small business is the way to go and I've been advocating that from the start.

Funny how neither side wants to talk about abolishing the most iniquitous tax imposed on business, ie payroll tax. It's a tax on employment and should have been eradicated years ago when the GST came in.

The Feds should take the States on in getting rid of this tax, those States that want to keep it should get a cut in Federal money.
 
Prior to 2007, I had voted Liberal more than Labor.
Late last century I very nearly gave politics a shot and had I done so it would have been with the Liberals.

Long story short there’s no way I’d vote for them these days. That is by no means a personal gripe or falling out but I’ve simply seen too much to even contemplate it.

I have no faith in any of them really but Labor is the only piece of wood that might have even the slightest bit of strength amongst the pile of sawdust that is Australian politics in 2018.

It’ll take a full blown crisis to fix it.
 
emma-husar-c71fa001-6363-4920-a02a-8a11fdaa0bd-resize-750.jpeg


Well done Mark Latham - you tool :thumbsdown:
 
I must congratulate Silly Billy, he has touched the heart strings of the electorate, to accept that welfare is the norm and those aspiring for better are capitalist pigs. lol
Can't wait to see the outcome of three years of Billy. OMG :roflmao:

After three years, people will see, how the changes effect them. It should be good viewing.
 
Top