The ScoMo Government

[Humid]

That's recession proof, never underestimate the value of a job.
Labor's franking credit proposal, on top of this happening, would have been earth shattering for those blue collar workers who struggled to save and be self funded.

In one year their effort, dignity, endeavour would have been for nothing, that is just taking the pizz it is about as un Australian as it gets.
But I guess that is the new Australian way, luckily you will be over the log before me, is my call.

If the franking credit proposal is the difference between comfortable and poverty line I suggest you seek professional financial advice
Seriously how deep is your reliance on them

 

[sptrawler]

If the franking credit proposal is the difference between comfortable and poverty line I suggest you seek professional financial advice
Seriously how deep is your reliance on them

Not reliant at all, but the issue is about trying to reduce the cost to Government, not increase it.
As was shown, a couple on part pension and $800k invested, were $20k better than someone who had saved $900K.
Maybe it would be easier to understand if, you on $250k took home 30% less than someone working next to you on $200k.
You no doubt would say I dont have a problem with that, but you would if the difference meant you took home $35k while they took home $58k.
Unlike yourself, it isn't about me, it is about putting in place a system, that works and encourages endeavour.
Why invest and save at all, if all that will happen, is you are punished and criticised for it in the end

 

[sptrawler]

If the franking credit proposal is the difference between comfortable and poverty line I suggest you seek professional financial advice
Seriously how deep is your reliance on them

See the problem is Humid you were just pleased that, I was going to be bent over the log, whether it was right of wrong didn't come into your head.
Now you are dwelling on the fact it didn't happen, what you should be asking is how can we make the system better.
Because if as you say you earn $250k a year, the log will be waiting for you, when in reality you work away save your money invest wisely you should have a better retirement income than someone on welfare.
Might sound harsh, but the system should encourage people like you to save for a better retirement.
You are never going to build a better Country, if the reward for more effort is a worse outcome.
The fact your on the side lines gloating and egging on my misfortune, is in reality a sad indictment of where Labor is at the moment.
Just my opinion

 

[Humid]

See the problem is Humid you were just pleased that, I was going to be bent over the log, whether it was right of wrong didn't come into your head.
Now you are dwelling on the fact it didn't happen, what you should be asking is how can we make the system better.
Because if as you say you earn $250k a year, the log will be waiting for you, when in reality you work away save your money invest wisely you should have a better retirement income than someone on welfare.
Might sound harsh, but the system should encourage people like you to save for a better retirement.
You are never going to build a better Country, if the reward for more effort is a worse outcome.
The fact your on the side lines gloating and egging on my misfortune, is in reality a sad indictment of where Labor is at the moment.
Just my opinion

I'm not gloating on your failure
I'm taking the P out of your success

 

[Smurf1976]

If the franking credit proposal is the difference between comfortable and poverty line I suggest you seek professional financial advice

The real issue is that it was another case of a political party not giving a damn about those in the middle.

No worries for those earning $ millions, they were to keep them, and obviously no worries for those on welfare. It was the ordinary middle class working man or woman who had something to lose and that's the same group which has tended to lose from most "reforms" for quite some time now.

As you're no doubt aware, I'll give either of the big two a kick for bad ideas. In this case it was Labor but that doesn't mean I think the Liberals are any good either. It's like one brand of smokes versus another really - both will kill you in the end.

 

[sptrawler]

I'm not gloating on your failure
I'm taking the P out of your success

You really should be focusing more on your own future, than mine, my race is run I'm where I am and am limited in being able to change my outcome.
What is much more important, is that you focus on your outcome and forget about me.
I'm sure in dollar terms the tax cut you got, is greater than the franking credits I got, the difference is I don't begrudge yours.
Also don't worry, silly Billies tax payer funded, indexed for life pension will be far in excess of what either of us earn or indeed earned.

 

[sptrawler]

I'm not gloating on your failure
I'm taking the P out of your success

If you measure success by me, I think you will be sadly disappointed, I live in a single bedroom unit in suburbia.
You really need to do something about that nasty streak.

 

[wayneL]

A bit on the cash ban.... Really interesting analysis.

 

[Humid]

If you measure success by me, I think you will be sadly disappointed, I live in a single bedroom unit in suburbia.
You really need to do something about that nasty streak.

Really a couple weeks ago you were in a two storey joint with 2aircons
Share market must of bit hard
Not on a pension and traveling constantly
Must be doin something right
Your not selling crack are you

 

[sptrawler]

Really a couple weeks ago you were in a two storey joint with 2aircons
Share market must of bit hard
Not on a pension and traveling constantly
Must be doin something right
Your not selling crack are you

Like I said you really need to focus more on you own situation.

 

[moXJO]

A bit on the cash ban.... Really interesting analysis.

About 12 min in our idiot treasurer bumbles his way on an explanation of what happens once interest rates go negative.

Labor is backing the policy so they can bite it as well. This is all about propping the banks up.

 

[wayneL]

About 12 min in our idiot treasurer bumbles his way on an explanation of what happens once interest rates go negative.

Labor is backing the policy so they can bite it as well. This is all about propping the banks up.

Do we need any more evidence that we indeed live in a corporatocracy rathet than either a capitalism or as social democracy?

 

[moXJO]

Do we need any more evidence that we indeed live in a corporatocracy rathet than either a capitalism or as social democracy?

You look at some of the laws that lib government has brought in:
From the state's we had the anti-consorting laws. This was aimed at bikies, now used on anyone police want to target.

Data retention laws. Oh what a line of crap they sold us on this one. Our data was safe they said:

Australia's Department of Home Affairs doesn't even know how many agencies have been authorised to access telecommunications metadata without a warrant, let alone what for, but the cops want more.

https://www.google.com.au/amp/s/www...aged-over-poor-data-retention-laws-oversight/
So they can Intrude right into our lives on a whim.

Internet censorship: Yep, they blocked out anything they didn't want us to see.

And now they can view and cap our spending at leisure. Its $10,000 now. That can be reduced at anytime with the included clause. So who is to say our spending habits are then not targeted. You like a drink, insurance companies bump up your premium. Enjoy risky activities, same deal.

Our privacy is being raped.

Edward Snowden: "Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say."

 

[Humid]

You lot obviously did

 

[moXJO]

You lot obviously did

Unfortunately labor backed them as well.

 

[wayneL]

You look at some of the laws that lib government has brought in:
From the state's we had the anti-consorting laws. This was aimed at bikies, now used on anyone police want to target.

Data retention laws. Oh what a line of crap they sold us on this one. Our data was safe they said:

https://www.google.com.au/amp/s/www...aged-over-poor-data-retention-laws-oversight/
So they can Intrude right into our lives on a whim.

Internet censorship: Yep, they blocked out anything they didn't want us to see.

And now they can view and cap our spending at leisure. Its $10,000 now. That can be reduced at anytime with the included clause. So who is to say our spending habits are then not targeted. You like a drink, insurance companies bump up your premium. Enjoy risky activities, same deal.

Our privacy is being raped.

Edward Snowden: "Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say."

Interesting point: half the people you speak to thought that the cash ban was some sort of conspiracy theory and that the government will never do that to us.

We are collectively sleepwalking into the dystopia.

 

[orr]

Why anyone would be surprised by a Liberal Government capping you spending your own money the way you want, might like to look back to who it was that introduced legislation for the government to confiscate the gold of citizens in the case of economic need. ... I'll do it for you ... Menzies.

 

[wayneL]

Why anyone would be surprised by a Liberal Government capping you spending your own money the way you want, might like to look back to who it was that introduced legislation for the government to confiscate the gold of citizens in the case of economic need. ... I'll do it for you ... Menzies.

Yep, Labor has been pristine, lily white, Mother Theresa-like. If we value freedom and benevolent government, we should look no further than our Komrades in the Labor Party.

 

[IFocus]

Yep, Labor has been pristine, lily white, Mother Theresa-like. If we value freedom and benevolent government, we should look no further than our Komrades in the Labor Party.

All the while you have been crying out that the insidious leftspittles are destroying Australia................yet our freedom is been fought for by the Greens.

 

[moXJO]

All the while you have been crying out that the insidious leftspittles are destroying Australia................yet our freedom is been fought for by the Greens.

And one nation.

Surprised the greens are against it, but good on them.