• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

The ScoMo Government

Discussion in 'General Chat' started by sptrawler, Aug 24, 2018.

  1. SirRumpole

    SirRumpole

    Posts:
    12,628
    Likes Received:
    2,199
    Joined:
    Mar 26, 2014
    And generates massive amounts of bs on the way.
     
  2. overhang

    overhang

    Posts:
    802
    Likes Received:
    89
    Joined:
    Feb 26, 2009
    You are so fixated on Fairfax, I mean it makes sense you're a self confessed coalition voter yet this is the front pages of the Murdoch stable yesterday. https://i.redd.it/nz2qr0h0g5i11.jpg
    4 of those portraying a lovely family portrait as though he was just democratically elected by the public vote and not the blood bath that took place in the Liberal party room only hours earlier. I don't know how things are in W.A but the Herald Sun in Victoria has a large influence. It's what the bogans read who don't give a stuff about politics as to their credit the HS does have great AFL coverage. They have now been in full elect Mathew Guy mode for a few months now.
     
  3. sptrawler

    sptrawler

    Posts:
    11,691
    Likes Received:
    2,290
    Joined:
    Jul 3, 2009
    With your terrific litereral skills I would love to hear your analysis of silly Billy.
     
  4. sptrawler

    sptrawler

    Posts:
    11,691
    Likes Received:
    2,290
    Joined:
    Jul 3, 2009
    I don't even look at the Murdoch papers, and cant stand Bolt, Jones and co.
    I just find Fairfax annoying because of their blatant bias, other than that I find them a great read.
    Actually if it wasn't for the obvious political bias, I would probably subscribe to them.
     
  5. overhang

    overhang

    Posts:
    802
    Likes Received:
    89
    Joined:
    Feb 26, 2009
    I don't believe I've ever seen a government so willing to ignore expert advice they receive, it's like they commission these reports in hope that they'll justify the direction they want to take due to ideology and when the report doesn't they just go ahead with their policy direction regardless. I think the reef rort sums up this Liberal government, all against welfare for the most vulnerable and all for corporate welfare. They gave $444 million without any type of tender process to a organisation with only 6 employees. They gifted $30 million to Murdochs Foxtel without a shred of paperwork to be found outlining conditions or evidence on why they should receive the grant.
     
  6. overhang

    overhang

    Posts:
    802
    Likes Received:
    89
    Joined:
    Feb 26, 2009
    Fair enough, does Fairfax printed press have a large sway in W.A? I won't deny they are left leaning but I feel they are closer to center and News Corp and The Guardian are just direct opposites with blatant partisanship.
     
  7. Tisme

    Tisme Apathetic at Best

    Posts:
    8,865
    Likes Received:
    948
    Joined:
    Aug 27, 2014
    The trouble is I have so much bias against Penny, Tanya and the spectre of being forced to be a homosexual by Billy I don't know if I can give a negative critique.
     
  8. Tink

    Tink

    Posts:
    3,193
    Likes Received:
    212
    Joined:
    May 24, 2009
  9. sptrawler

    sptrawler

    Posts:
    11,691
    Likes Received:
    2,290
    Joined:
    Jul 3, 2009
    No, the only paper over here is the West Australian and the Australian, neither are any good IMO, so I usually just browse the free content on the SMH and sport on the Age
    I am generally a Lib voter, but not rusted on, used to be rusted on Labor, but through life,s experiences have been disappointed with their blatant two faced attitude.
    I,ve found when the Libs are in Labor and the unions keep them honest, when Labor are in the unions help them screw the plebs over, it becomes a free for all IMO.
     
    Triathlete and overhang like this.
  10. SirRumpole

    SirRumpole

    Posts:
    12,628
    Likes Received:
    2,199
    Joined:
    Mar 26, 2014
    Biased in which direction do you think ?
     
  11. Triathlete

    Triathlete Keep it Simple..!

    Posts:
    632
    Likes Received:
    77
    Joined:
    Nov 10, 2014
    Same started following Hawke/Keating then moved to Howard/Costello after their first term and found this 20 years of politics quite good for the country imo of course.

    To me it has all been downhill since 2007 and getting worse......I certainly will not be voting for any of the major parties or the Greens at the next election that is for sure.....
     
    sptrawler likes this.
  12. SirRumpole

    SirRumpole

    Posts:
    12,628
    Likes Received:
    2,199
    Joined:
    Mar 26, 2014
    Julie Bishop has resigned from Cabinet.

    Will she contest the next election ? Doubtful.
     
  13. Country Lad

    Country Lad Off into the sunset

    Posts:
    878
    Likes Received:
    145
    Joined:
    Jul 11, 2005
    I don't think so. She is apparently totally pi$$ed off that not one of her WA colleagues supported her in the ballot. Pity, she was a good foreign minister.
     
  14. sptrawler

    sptrawler

    Posts:
    11,691
    Likes Received:
    2,290
    Joined:
    Jul 3, 2009
    I certainly think she found her niche in that role, but I never thought she would fit the PM role, not quick enough on the run. IMO
     
  15. IFocus

    IFocus You are arguing with a Galah

    Posts:
    4,238
    Likes Received:
    655
    Joined:
    Sep 8, 2006
    Pretty much sums it up I think

    How long can the Coalition keep talking about helping the Aussie battler then strip money/conditions etc from the masses while handing out corporate welfare.

    Scomo is a leading figure in this ruse I think at this rate Labor just have to turn up for the next drovers dog election if the Coalition keep it up.
     
  16. Craton

    Craton Mostly passive, contrarian.

    Posts:
    635
    Likes Received:
    41
    Joined:
    Feb 6, 2013
    Spoiler -> Rant Ahead.

    Agree that JB does/did a fantastic job as Foreign Minister, pity she's calling it quits but with all that in-house bickering and school boy favouritism, is it any wonder?

    As a swinging voter, sure policies are important but I am swayed to a certain extent by the strength and depth of character of the party leader. After all, that leader is our country's representative and our face to the world. Dumbo, sorry, Dutton has none of those qualities IMHO. Scott Morrison and so too Julie Bishop have those qualities in spades over Dumbo, sorry, Dutton.

    I'd say ScoMo's real challenge (behind the scenes) is to keep TA and his cronies in line and stop them from scuttling the ship...again.

    FWIW. It is a real pity that Turnbull couldn't get the big end of town company tax cuts through. The average punter (voter) needs to see these cuts not as further lining exec's pockets but vital and necessary to keep Australia economically healthy and competitive on so many fronts.

    As a micro business owner the tax cuts my business is now enjoying has allowed me to employ a new to the workforce 20yr job seeker. This is that person's first tax paying job so not only gaining valuable work experience and training but returning those govt. tax cuts by way of PAYG and GST taxes. Further, there's the Super contributions which help in the longer term to take the Pension burden off the tax payer. Business owners will know of the other on costs, insurance, workers comp etc all adding to stimulating our economy to the positive. Not to mention, this one worker now has a disposable income. Fuel, food, treats, car maintenance, white goods, retail and so on all benefit from that one little tax cut for my business.

    Surely the average punter must realize that the big end of town tax cuts will be advantageous to all Australians?
    So what if those cuts go to the shareholders. The big end of town has the big fundies on the register. Yep, that's where most of our Super is so isn't that a win/win?
    I'd hazard a guess that jobs would be more secure too. The spins offs are fair more positive than negative however the majority of the electorate and pollies alike don't see it that way. More Dumbo's at work...

    I suppose now too that so few Aussies have the altruistic attitude of decades ago where building the nation equals a more affluent lifestyle. It is a real pity that the mindset seems to be one of entitlement instead of participant.

    ScoMo has a lot of work to do before we vote again that's for sure but with the mindset that I see, if he wins, it'll be against all odds.
     
    Triathlete likes this.
  17. IFocus

    IFocus You are arguing with a Galah

    Posts:
    4,238
    Likes Received:
    655
    Joined:
    Sep 8, 2006
    This is only true if you have tax reform.........not just tax cuts to the big end.

    Who makes up the shortfall in revenue that includes the big spends on the Coalition polices?

    Do we do a Trump and rack up another $trl in debt?

    I fully support tax cuts to small business.
     
    Triathlete likes this.
  18. Craton

    Craton Mostly passive, contrarian.

    Posts:
    635
    Likes Received:
    41
    Joined:
    Feb 6, 2013
    Yes, I failed to note that MT stated time and time again tax reform was needed and yes those cuts are/were part of it.

    Racking up debt?
    I'll leave that for the economists and politicians to debate over. https://en.wikipedia.org/wiki/Australian_government_debt

    Yep, small business is one big employer with a lot of red tape to cut through without having the resources at their disposal like their bigger cousins. They/we need all the breaks we can get. :)
     
  19. PZ99

    PZ99 ( ͡° ͜ʖ ͡°)

    Posts:
    2,110
    Likes Received:
    821
    Joined:
    May 13, 2015
  20. Smurf1976

    Smurf1976

    Posts:
    9,262
    Likes Received:
    2,590
    Joined:
    Feb 14, 2005
    It's great that you've chosen to employ someone but sadly I see quite a few businesses where the approach is to minimise wages and staff numbers, offshoring where possible, meanwhile shareholder returns are mediocre at best whilst the directors and CEO reap the benefits. Sadly that's not one or two outliers but rather common, hence the growing disparity between the director and CEO class and everyone else including shareholders and workers.

    Those who claim that it's not viable to do x in Australia and slowly go broke, only to be shown as fools when someone from overseas buys the business and turns it completely around, are another lot in the same category. Commonsense says they're worse than worthless if someone else can easily turn around what they can't and yet such people manage to spend half their career as director or CEO of something whilst being paid a ridiculous amount to slash employment and deliver mediocre returns to shareholders over and over.

    We were better off back in the days when being at the top required having spent many years working for the company with the reward being that you were now paid 3 times a normal wage not 300 times.

    So as I said, it's great if you're running a successful business and creating employment but sadly there's a lot of bigger operators who are doing their best to minimise tax, jobs, wages and pretty much everything other than executive pay.
     
    luutzu likes this.
Loading...

Share This Page