The Turnbull Government

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It will be interesting to see what happens. If one was trying to create a fairer, equitable broad based tax system you would look at international companies getting away with overseas tax havens, the rorting of super by the very rich, the use of aggressive tax avoidance measures as well as broadening the GST.

But I have never seen the business community suggesting anything other than increasing the GST and reducing income and company tax levels starting at the top tiers. It would be major achievement for Malcolm Turnball to reform tax along the broader lines I suggested.

Given Malcolm's history as a merchant banker, and his links to Goldman Sucks, I'd be surprised to see any serious attempt to make the rich and uber-rich shoulder a fairer share of the tax burden. Cutting Super concessions, negative gearing, and excessive tax deductions is unlikely high on his priority list. Slugging the lowest income earners with 50% more GST will be much easier to push through.

But I'm willing to be pleasantly surprised...

 

[trainspotter]

Try taxing the people who pay the most in tax in a fairer system for a start

The Treasurer’s statement that the top 10% of incomes from working age persons pay 50% of personal income tax is correct. This reflects the progressive nature of Australia’s personal income tax system, which is applied to a society that features significant income inequality.

http://theconversation.com/factchec...ia-paid-by-10-of-the-working-population-45229

 

[luutzu]

Given Malcolm's history as a merchant banker, and his links to Goldman Sucks, I'd be surprised to see any serious attempt to make the rich and uber-rich shoulder a fairer share of the tax burden. Cutting Super concessions, negative gearing, and excessive tax deductions is unlikely high on his priority list. Slugging the lowest income earners with 50% more GST will be much easier to push through.

But I'm willing to be pleasantly surprised...

Don't think you'll be getting that pleasant surprises.

Heard Labor's Bowan wanting a more "competitive" corporate tax rate - to 25%.

It's a race from both parties to please the real Aussie battlers and job creators.

 

[Tisme]

The government's problem in the main was and still is their policies. If they don't change all the flowery talk from Turnbull means nothing.

Is coal on the agenda?

 

[SirRumpole]

Is coal on the agenda?

The Infrastructure Prime Minister and the Innovation Prime Minister, both stuck in the Fifties.

 

[Tisme]

I wonder if this is the go for the proposed Melbourne to Brisbane transport corridor:

http://www.cnbc.com/2015/09/16/how-well-make-elon-musks-hyperloop-a-reality-ceo.html

 

[Knobby22]

I wonder if this is the go for the proposed Melbourne to Brisbane transport corridor:

http://www.cnbc.com/2015/09/16/how-well-make-elon-musks-hyperloop-a-reality-ceo.html

Cool.

 

[wayneL]

I like

The Infrastructure Prime Minister and the Innovation Prime Minister, both stuck in the Fifties.

Subtle propaganda can sometimes be quite cool, but when wo obvious it just annoying

 

[SirRumpole]

I like

Subtle propaganda can sometimes be quite cool, but when wo obvious it just annoying

Let's just see where Turnbull goes on renewables and if the coal industry still has him by the goolies.

 

[Wysiwyg]

Any comments on the Defence Minister? She looks a bit unfit.

 

[luutzu]

Let's just see where Turnbull goes on renewables and if the coal industry still has him by the goolies.

Chances are they got him and all politician of any real rank by the nut sack. From the few pieces I read about Turnbull's time with NBN, Murdoch would really like what he had done with it. But who knows, he might be too smart and too ambitious to be handled by big businesses... maybe he has way too much money and want to be remembered as a real statesman to me pushed around.

His big ego might end up serving the public goods.

 

[galumay]

Any comments on the Defence Minister? She looks a bit unfit.

The previous PM looked pretty fit and look where that got us!

 

[SirRumpole]

Any comments on the Defence Minister? She looks a bit unfit.

Don't know. Insiders (not the tv show) seem to think she's capable and Turnbull is said not to suffer fools (although Dutton and Brandis are still there ), so lets see how she goes.

 

[Tisme]

Any comments on the Defence Minister? She looks a bit unfit.

Hercules

 

[MrBurns]

Don't know. Insiders (not the tv show) seem to think she's capable and Turnbull is said not to suffer fools (although Dutton and Brandis are still there ), so lets see how she goes.

She has a wealth of experience so I think she'll be a breath of fresh air. I remember one minister of defence that was ordering fighter jets and didn't even know what they looked like.

 

[SirRumpole]

I remember one minister of defence that was ordering fighter jets and didn't even know what they looked like.

Or that they couldn't fly in lightning storms

 

[MrBurns]

Or that they couldn't fly in lightning storms

Is that a fact ?
I guess bombs don't mix well with lightning.

 

[SirRumpole]

Is that a fact ?
I guess bombs don't mix well with lightning.

http://www.news.com.au/technology/s...lightning-storms/story-fn5fsgyc-1226580674219

 

[pixel]

Any comments on the Defence Minister? She looks a bit unfit.

She's not supposed to join the ground forces. She's supposed to manage.
And seeing what a mess male-led Forces have made over the centuries - from Gallipoli to Vietnam to the Baghdad "Shock and Awe" - I find it extremely unlikely that a woman can't do a better job.

 

[Tisme]

She's not supposed to join the ground forces. She's supposed to manage.
And seeing what a mess male-led Forces have made over the centuries - from Gallipoli to Vietnam to the Baghdad "Shock and Awe" - I find it extremely unlikely that a woman can't do a better job.

I don't think she's a Boudicca, Joan of Arc, Marina Raskova or Maggie Thatcher that's for sure.