The Turnbull Government

[SirRumpole]

Why is Dutton poking his nose into the internal affairs of another country ?

http://www.abc.net.au/news/2018-03-...a-to-help-white-south-african-farmers/9550050

 

[Tisme]

Peter Dutton is offering help to South African white farmers. Can't think why whites need help there:

Anti-whites chant “White man you must die” today at the Afrikaans high school in Verieniging, Johannesburg. Total black out from the western media, they want it swept under the rug.

 

[Tisme]

Hindsight scorecard?

 

[sptrawler]

Interesting article, for anyone that is interested, make of it what you will.

https://theconversation.com/government-spending-explained-in-10-charts-from-howard-to-turnbull-77158

 

[PZ.]

Yeah well.... I did say in another thread that we have become a welfare state

 

[SirRumpole]

Yeah well.... I did say in another thread that we have become a welfare state

If they want to save on 'welfare' then they could limit Family Tax Benefits to three children.

That would save billions and provide a disincentive to those parts of the community that breed for the benefits.

 

[PZ.]

If they want to save on 'welfare' then they could limit Family Tax Benefits to three children.

That would save billions and provide a disincentive to those parts of the community that breed for the benefits.

They could do that but I'm looking more at the vast array of tax deductions that really aren't all that necessary and in some cases, obsolete. Neg gearing for starters.

 

[SirRumpole]

They could do that but I'm looking more at the vast array of tax deductions that really aren't all that necessary and in some cases, obsolete. Neg gearing for starters.

That as well, every bit helps.

 

[Junior]

They could do that but I'm looking more at the vast array of tax deductions that really aren't all that necessary and in some cases, obsolete. Neg gearing for starters.

Agreed. I'd like to see Neg Gearing killed off, with a partial offset in the form of lower personal tax rates.

As much as the relentless attack on the superannuation system is excessive... the ability to receive excess franking credits as a tax refund is unsustainable and should be wound back over time. We have an ageing population, and the current situation where those over 65 pay no income tax AT ALL, and even receive a tax refund in many cases, unfortunately can't continue. The working population has to fund these luxuries.

Closing these loopholes should facilitate an increase in the tax-free threshold and a general lowering of individual & company tax rates, in my opinion.

 

[Logique]

What is unsustainable - is to single out one group of investors, and ask them to pay double taxation on the same investments, i.e. commercial, plus personal. Especially when it is based on the invented story that this group is somehow well off, and doesn't need it. Labor has provided no evidence to back this claim.

Back in 1998, when Labor cared about retirees, they backed imputation credits to them. But now retirees are just an easy target, and the fix is in.

Labor has jumped the shark on this policy, and placed at risk the more reasonable propositions of abandoning negative gearing, and reducing of capital gains discount on property ownership.

 

[Junior]

Labor has jumped the shark on this policy, and placed at risk the more reasonable propositions of abandoning negative gearing, and reducing of capital gains discount on property ownership.

Too much at once perhaps.

I suspect the vast 'savings' generated by these measures, will largely be gifted back to voters one way or the other. Perhaps they are saving these announcements for closer to the election, and releasing the bad news first up.

The manner in which the Labor Party intends on spending this money is key, and I think people who are trying to fund their own retirement need some relief as part of this, given how much has been taken away in recent years.

 

[Knobby22]

The truth is that no sane young person would vote for the Libs at the moment as they see the young subsidising the old. The Libs know this, I heard adds on the radio today driving back from a meeting saying how the government are helping people buy their first home (using a special savings account or their super). Smacks of desperation.

 

[sptrawler]

Too much at once perhaps.

I suspect the vast 'savings' generated by these measures, will largely be gifted back to voters one way or the other. Perhaps they are saving these announcements for closer to the election, and releasing the bad news first up.

The manner in which the Labor Party intends on spending this money is key, and I think people who are trying to fund their own retirement need some relief as part of this, given how much has been taken away in recent years.

I think the horse has bolted with super, Junior, if Labor look like getting in watch what happens with super.

 

[SirRumpole]

I think the horse has bolted with super, Junior, if Labor look like getting in watch what happens with super.

Again, super is a Labor policy, why would they trash it ?

 

[sptrawler]

Again, super is a Labor policy, why would they trash it ?

That seems to be the question, everyone is asking.

 

[SirRumpole]

That seems to be the question, everyone is asking.

The answer is that they wouldn't and suggestions to the contrary are a scare campaign.

 

[sptrawler]

The answer is that they wouldn't and suggestions to the contrary are a scare campaign.

You think so?
You explain to me, why any young person, or indeed anybody would put any of their own money into super?
I'll look forward to your answer tomorrow, when you have thought of something.lol

 

[SirRumpole]

You think so?
You explain to me, why any young person, or indeed anybody would put any of their own money into super?

Young people can't even afford a house, they can't afford to put extra cash into super.

 

[sptrawler]

Young people can't even afford a house, they can't afford to put extra cash into super.

That really didn't answer the question, I said why would anyone put any of their own money into super?
Still struggling to find an answer?

 

[sptrawler]

Rumpy, I would go as far as to say, if I was still working I would be demanding the union push for a pay rise, rather than an increase in the employer superannuation contribution.
The current attack on super by both parties, just highlights how little say you have, in money that is apparently put away for you. LOL
So why the hell would you forego pay rises, to put more in, let alone add some of your own money that could be paying something off now?
Dumb politics. IMO