Author Topic: Australian Politics thread [merged]  (Read 259204 times)

Online Francois Hackson

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Re: Politics thread [merged]
« Reply #4560 on: July 04, 2019, 11:31:50 PM »

Offline mightytiges

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Re: Politics thread [merged]
« Reply #4561 on: July 05, 2019, 11:19:00 AM »
Another big win for scomo today that not surprisingly went unnoticed on here.

https://www.theaustralian.com.au/commentary/scott-morrisons-tax-cuts-victory-puts-labor-on-the-back-foot/news-story/716b7c98474518e98f604daa3bda389c
Probably because both sides of politics supported the first two stages for lower & middle incomes while stage 3 is 5 years away and will do nothing to address the current deteriorating state of the national economy.

The RBA is trying to do the heavy lifting by cutting already low interest rates to further record lows due to lack of action and reform by the federal government. However, while low rates help borrowers, it hurts those with savings accounts such as those on the pension. The latter are going backwards.

Australia needs reform and mass infrastructure spending to modernise and lower the cost of living to get the economy going again but that isn't going to happen when $158b is flittered away on personal income tax cuts; the bulk of which will go to those on higher incomes. The private sector isn't going to build this infrastructure (eg: public transport, energy, etc). Who knows what budget cuts to infrastructure spending and public services will be needed to pay for the stage 3 tax cuts. There's also going to be renewed pressure from big business to bring back the dumped corporate tax cuts which if implemented would hit the budget bottom line further. Of course, we could just follow the USA and rack up more and more debt for a sugar hit.

Anyway, the majority voted for "no change" (in more ways than one) so the rest of us accept the result and see what happens over the next 3 years under the current federal government's policies. They have a friendly Senate crossbench so there will be no excuses.
All you touch and all you see is all your life will ever be - Pink Floyd

Offline mightytiges

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Re: Politics thread [merged]
« Reply #4562 on: July 17, 2019, 04:03:37 PM »
Millionaire Australian businessman Dick Smith received $500,000 in franking credits from the government in a single year, in what he called an "outrageous" use of taxpayers' money that should be subject to a means test.

https://www.canberratimes.com.au/story/6277768/its-outrageous-dick-smith-received-500000-of-franking-credit-refunds-in-one-year/?cs=14230


But it's not a rort to some  ::).
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Online YellowandBlackBlood

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Re: Politics thread [merged]
« Reply #4563 on: July 17, 2019, 08:15:54 PM »
Millionaire Australian businessman Dick Smith received $500,000 in franking credits from the government in a single year, in what he called an "outrageous" use of taxpayers' money that should be subject to a means test.

https://www.canberratimes.com.au/story/6277768/its-outrageous-dick-smith-received-500000-of-franking-credit-refunds-in-one-year/?cs=14230


But it's not a rort to some  ::).
Why doesn't he donate it to a good cause like the Salvation Army? If he thinks it's a rort and he shouldn't have it, give it to those who do need it.

He also must be in the 0.1% of the population who benefit that much..... :shh
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Online Diocletian

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Re: Politics thread [merged]
« Reply #4564 on: August 12, 2019, 02:16:57 PM »
So apparently Jeffrey Epstein left a suicide note and it was signed by his mother... :shh

:shh :shh :shh :shh :shh :shh :shh :shh :shh :shh :shh

Offline Tired Tiger

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Re: Politics thread [merged]
« Reply #4565 on: August 13, 2019, 09:18:52 AM »
So apparently Jeffrey Epstein left a suicide note and it was signed by his mother... :shh


I think Epstein was definitely imploding.

Online Diocletian

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Re: Politics thread [merged]
« Reply #4566 on: August 13, 2019, 02:54:34 PM »
 :lol


 :cheers

:shh :shh :shh :shh :shh :shh :shh :shh :shh :shh :shh

Offline WilliamPowell

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Vale Tim Fischer
« Reply #4567 on: August 22, 2019, 01:42:37 PM »
Former deputy PM Tim Fischer has passed away

Doesn't matter which side of politics you lean towards; Tim Fischer was a great pollie. One of our best

He represents what we are missing today ... focus on making things better for all, not just some

A true gentleman that I had the pleasure of meeting a few years ago now at the Yackadandah Bakery.

Vale Mr Fischer
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Offline WilliamPowell

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Re: Australian Politics thread [merged]
« Reply #4569 on: Yesterday at 09:54:27 AM »
The budget supposedly back in or close to back in surplus thank to slashing $4.6 billion in funding to the NDIS

Meanwhile over at the Franking Credit table that richly deserved handout, the Govt has forked out just on $16 billion in Franking credits since being re-elected in May

Not really sure how you can justify that but I am sure they and others will do there best
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Online Francois Hackson

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Re: Australian Politics thread [merged]
« Reply #4570 on: Yesterday at 12:00:25 PM »
The budget supposedly back in or close to back in surplus thank to slashing $4.6 billion in funding to the NDIS

Meanwhile over at the Franking Credit table that richly deserved handout, the Govt has forked out just on $16 billion in Franking credits since being re-elected in May

Not really sure how you can justify that but I am sure they and others will do there best

100% il defend it in certain situations.

nothing wrong with franking credits to those who cant access welfare IMO.

BUT. there should be a cap of say $10,000 per couple, and only those who earn less than the min annual salary, and dont have millions in super they can draw down.

i do believe those who earn less than $50k p/y family income, and not entitled to welfare,  should receive it. Why hasnt anyone put this case forward?




Offline WilliamPowell

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Re: Australian Politics thread [merged]
« Reply #4571 on: Yesterday at 12:30:50 PM »
The budget supposedly back in or close to back in surplus thank to slashing $4.6 billion in funding to the NDIS

Meanwhile over at the Franking Credit table that richly deserved handout, the Govt has forked out just on $16 billion in Franking credits since being re-elected in May

Not really sure how you can justify that but I am sure they and others will do there best

100% il defend it in certain situations.

nothing wrong with franking credits to those who cant access welfare IMO.

BUT. there should be a cap of say $10,000 per couple, and only those who earn less than the min annual salary, and dont have millions in super they can draw down.

i do believe those who earn less than $50k p/y family income, and not entitled to welfare,  should receive it. Why hasnt anyone put this case forward?

Excellent points Frankie

Seems much fairer than what we have now, especially when read about there not being enough NDIS funding to enable a young girl in Brissie with Cerebal Palsy not being able to get a new electric wheelchair. While someone gets $10k in franking credits + a part pension 

BTW Sounds very much along the lines of the majority of a policy of the side that was defeated at the election  ;D



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from the song "Don't Walk Away" by Pat Benatar 1988 (Wide Awake In Dreamland)

Online Diocletian

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Re: Australian Politics thread [merged]
« Reply #4572 on: Yesterday at 12:53:43 PM »
Except it wasn't.... :shh
:shh :shh :shh :shh :shh :shh :shh :shh :shh :shh :shh