The ScoMo Government

[Knobby22]

"This very good article by the Young Liberal President of the North Ryde branch..."

It shows no such thing! I feel for the young chap, but Young Libs might be the place for him, clearly from the left of the party, and adrift without the great sage of Point Piper.

The left of the party doesn't win elections, but they do a good job of losing them, eg Matthew Guy in the Peoples Republic of Victoria

Precisely the opposite. I am Victorian, Matthew Guy lost because of the right wing taking over the party (e.g . Kroger and his mates) stacking with Mormons and letting that hard right muppets take most of the good seats.

 

[Humid]

When bracket creep comes through overtime you do sometimes question your sanity.
I’m sure all politicians are subject to it but not suffering from it.

 

[basilio]

The Andrew Broad affair goes up a gear. Turns out the Nationals have already had at least three separate women contact them about his behavior in the past 12 months.
And nothing happened...
This is some crazy guy and a totally incompetent National Party.

Three women allegedly come forward claiming disgraced Nationals MP Andrew Broad behaved “inappropriately”

https://www.newidea.com.au/three-wo...onals-mp-andrew-broad-behaved-inappropriately

 

[Junior]

The top marginal tax rate is 45%, plus Medicare Levy of 2%. So if you get a payrise....you get to keep a touch over half, and the Government just under half. If you invest the money, that generates investment income which is taxed at your marginal rate, plus Capital Gains which are taxed. If you spend the money, you are taxed another 10% in GST. If you purchase a property you also pay Stamp Duty.

Compare this to lower income earners....around 50% of all Australians are net recipients, ie. claim more in benefits & welfare than what they pay in taxes.

I'm not saying any of the above is unfair, I'm just saying I don't think we need to hit high income earners any harder. I'd rather see Government control their spending, and issue across the board tax cuts & reform...funded by the increased revenue we are seeing, on the back of strong exports and population growth.

 

[SirRumpole]

funded by the increased revenue we are seeing, on the back of strong exports and population growth.

Exports of commodities which fluctuate greatly in price.

Howard made the mistake of giving permanent spending increases (Family Tax benefits for one) on the back of a temporary mining boom.

We would be silly to make that mistake again.

 

[Junior]

Exports of commodities which fluctuate greatly in price.

Howard made the mistake of giving permanent spending increases (Family Tax benefits for one) on the back of a temporary mining boom.

We would be silly to make that mistake again.

I agree, it needs to be done in a sustainable way. Done in a considered way as part of a larger tax reform agenda....it could lead to stronger & more reliable economic growth, as we reduce the tax burden on the individual.

 

[Smurf1976]

Menzies would be regarded as Left these days.

Indeed and that says it all really.

They gone too far from their original purpose and support base.

 

[qldfrog]

About junior and taxation ..even worse...buy an asset 100 ten years ago,sell it 130 or so today..you just kept with inflation
yet you get taxed on 30..right now only 15 but after labor probably whole 30...yet you made no real money..bring back indexation...
This has been hidden by the stratospheric raise of RE and low inflation in the past decades but as this ends, the absence of indexation will decimate investors

 

[Humid]

I’ll just condense 50 odd posts
20% of people earn 100k +
The policies are pretty self explanatory

 

[PZ99]

I'm more thinking about the huge variance in policies around Income Tax. Bracket creep has seen the effective tax rate rise to near the highest level in 20 years ( see here). The Labor Party will only cut taxes for those earning less than around $80k, and make no changes to higher tax brackets.

Bracket creep is effectively a tax hike every year, and no Government will ever be brave enough to index tax rates to wage inflation, because that would kill their ability to periodically come out and offer 'income tax cuts' whenever they need to win an election and bribe their chosen segment of the population.

Most people think, well bad luck, if you earn a higher income you can afford it. I'm in my mid-30s and a lot of people in my network of friends are on reasonably high salaries (ie. $100-200k). However, if you just bought your first home in Melbourne or Sydney and are starting a family, you'll likely have a wife on low/zero salary and be trying to fund mortgage payments and supporting dependants on that one income. For example.....a salary of $150k less tax ($46k) less mortgage pments ($40k), less HECS ($12k) = $52,000 to support a family of 4. By no means living in poverty, but given how healthy the federal budget is at the moment, and given years of bracket creep...surely it's time for some relief!!

So under Labor, middle/high income earners will see the effect of bracket creep continue to eat into a bigger and bigger %% of their salary. Add to that, the changes to Neg Gearing, CGT and franking credits. Many Australians will be handing over a much bigger chunk of their income & profits to the Government, to spend as they see fit. I hope they can spend wisely.

I reckon abolish the Medicare surcharge for starters. I know people who actually avoid overtime for fear of earning more than $90k a year.

 

[Junior]

About junior and taxation ..even worse...buy an asset 100 ten years ago,sell it 130 or so today..you just kept with inflation
yet you get taxed on 30..right now only 15 but after labor probably whole 30...yet you made no real money..bring back indexation...
This has been hidden by the stratospheric raise of RE and low inflation in the past decades but as this ends, the absence of indexation will decimate investors

Yes, hence why the 50% CGT Discount exists in the first place!! They are taking advantage of the fact that most people don't really understand the impact of inflation.

 

[SirRumpole]

Yes, hence why the 50% CGT Discount exists in the first place!! They are taking advantage of the fact that most people don't really understand the impact of inflation.

Inflation affects everyone not just investors.

 

[Logique]

Precisely the opposite. I am Victorian, Matthew Guy lost because of the right wing taking over the party (e.g . Kroger and his mates) stacking with Mormons and letting that hard right muppets take most of the good seats.

The preferred narrative. The putsch against the right is on.
So none of these things then? - lobster with mobster dinner, East West Link side letter, Fishermans Bend rezoning decision, Phillip Island Ventnor rezoning decision ..

 

[Knobby22]

The preferred narrative. The putsch against the right is on.
So none of these things then? - lobster with mobster dinner, East West Link side letter, Fishermans Bend rezoning decision, Phillip Island Ventnor rezoning decision ..

Yes exactly. They showed that they would look after the big end of town before the middle class and the state of Victoria against Liberal tenets. So why do you think Matthew Guy is left wing? He made those decisions which all sucked.

The right wing issue was a big deal though. For instance the seat of Sandringham had three people trying to be members, two women with careers good standing one from the upper house etc. and one right wing party hack who had never had a job who got the job with the aid of Kroger.
He nearly lost to a 19 year old boy who couldn't drive. Do they think the locals are all disinterested?

 

[Junior]

Yes exactly. They showed that they would look after the big end of town before the middle class and the state of Victoria against Liberal tenets. So why do you think Matthew Guy is left wing? He made those decisions which all sucked.

The right wing issue was a big deal though. For instance the seat of Sandringham had three people trying to be members, two women with careers good standing one from the upper house etc. and one right wing party hack who had never had a job who got the job with the aid of Kroger.
He nearly lost to a 19 year old boy who couldn't drive. Do they think the locals are all disinterested?

Their campaign was shocking. They are naive to the fact that the 'crime wave' in Melbourne is primarily an issue for people who don't actually live here to obsess over. Most parts of Melbourne are very safe, and there is a reason we have runaway population growth....people want to live here!!

Trying to impose a fear campaign on us, and at the same time trashing the current premier, who most think is doing a pretty good job, showed how completely out of touch the Libs are at the moment. When Guy & Morrison showed up at Pelligrini's and used it as a photo opp and chance to talk down Labor...that said it all really. Where is the positive message, where are the policies??

 

[IFocus]

Some thing that I measure or use as a yard stick for the Liberals these days is the previous WA state government run by Colin Barnett.

He said he would govern for all and for a Lib actually did.

No right wing ideological BS dressed up as what the base wants, no glib BS then do the opposite, no massive hand outs wink and nod to the big money he just governed for most.

Now a lot of people didn't like Barney but he didn't do such a bad job.

Note Federal Libs absolutely nothing like Barneys government 5 years of naval gazing and then claiming brilliant / genus economic mangers when they get a surprise surplus due to Iron ore and coal production .............really?

 

[Smurf1976]

trashing the current premier, who most think is doing a pretty good job, showed how completely out of touch the Libs are at the moment. When Guy & Morrison showed up at Pelligrini's and used it as a photo opp and chance to talk down Labor...that said it all really. Where is the positive message, where are the policies??

A big problem I see with the Liberals is that they don't seem keen on actually doing anything.

If they want to be elected to government then the first step is to grasp that the community expects a government to actually govern.

Labor will end up in government not because people are convinced that they'll do a great job but because they are the only credible group that has put themselves forward with a plan to govern.

 

[Humid]

https://www.betootaadvocate.com/ent...-machines-to-rein-it-in-until-after-election/

Belly laughing

 

[jbocker]

Dutton really is proving to be THE cruel shepherd. Scathing attack on Turnbull has finally come out. Nice timing showing good xmas new year spirit. What a wonderful present to the opposition, you should be the first to roll out the red carpet when they win with a landslide and along with Abbot share roles in shoe polishing Shorten, to make sure he looks his absolute best (you have done a exemplary job so far).
You reckon Turnbull had no political nous, did you mean the party needed political nous or noose.
The general consensus I would have thought, we can shut up about it all now Pete, you had your chance a few months back, when we all wanted to know...Why?.

 

[sptrawler]

Better for the Libs to tell it as it is, there is no way they have any chance of winning the next election.
They need to get back to basics, Turnbull, should never have been there in the first place.
It won't take long for equilibrium to be restored.IMO