Australian (ASX) Stock Market Forum

Gillard for PM?

And how much tax did we pay for services?

Should services NOT attract a tax todster? Why only products? I'd rather tax was distributed evenly across goods and services.
That is a fair and balanced system.
 
Well, to be honest i understood that quite clearly. Just goes to show what a bunch of nimrods the general uninformed voting public is.
History will repeat this election, the public only see a change in leader of the ALP, which, in their mind anything is better than the cyberdrone Rudd. They won't make the direct correlation that Gillard was AS MUCH at fault as Rudd in the dud policies. No that's to much of a stretch for Joe Public to figure that out, that requires more than 3 brain cells.
Abbott is right, same product different salesman.... it's a shame he's not articulate enough to get the message across.

Yes, springhill bingo.
I can't understand why the swinging voters have gone all 'gah,gah' on the replacement of Kevin Rudd with Julia Gillard.
She bounces in on the scene with the quote "Government was going in the wrong direction". Don't people understand she was part of that direction. The architect of the BER and the clerk of works who supervised the greatest waste of tax payers money of all times.
She brings out the slate, wipes it clean and says "lets start a fresh".Forget about the past lets make Rudd the scape goat for things that have gone wrong.
Have some voters fallen for her girlie giggle, her forced smile and wit. Is this what people see in Gillard and have overlooked what she stands for?
She has the backing of the unions and that could spell danger.
 
Should services NOT attract a tax todster? Why only products? I'd rather tax was distributed evenly across goods and services.
That is a fair and balanced system.

The point was that we didnt have one before but now any new tax is a grab.
I dont have a problem with a consumption tax, everyone always bangs on about how it replaced this and that but never mentions the new bit services.
I wonder who will be brave enough to increase it?
 
If I was Julia, here's what I would do about the RSPT:

1. Announce that the current plan was ill-conceived and will be abandoned, however, negotiations with miners and industry will continue.

2. No legislation to change current mining tax arrangements will be introduced in this, or if re-elected, the next parliamentary term, unless a firm agreement is struck which has the support of the miners.

3. If no agreement is reached, a mining tax regime will be part of Labor's platform for the 2013 election, and it will be up to the public whether they vote for it as part of Labor's election promises. (Not dissimilar to what Howard did to get the GST through).

Badger

As Nioka has stated in post 231, there would be a big hole in future budgets that the Liberals would hammer in the election campaign.

I think that Labor may restructure the tax with-

1. Super Profits will be in excess of between 12% and 15% (otherwise it's not a super profit).

2. The tax rate will be much lower-around 10% to 25 % with possible variations for different resource products.

3. Possible exemption for existing operations with a one off payment in lieu or alternatively a temporary exemption for 2 to 5 years.

4. Possible increase in income tax rate for resource companies of a few cents in the $ to cover any shortfall in projected revenue.

I base these options solely on the fact that resource companies, in their submissions to the Government, confirmed that they were agreeable to paying more tax, at least on new projects.
 
She brings out the slate, wipes it clean and says "lets start a fresh".Forget about the past lets make Rudd the scape goat for things that have gone wrong.

Changing Tony Burke's title is an example of trying to hoodwink us with spin, as if sustainable population growth wasn't part of his job anyway..

Now some unkind souls may say the adjective added to Burke's portfolio is superfluous, but they forget the wonderful feelgood factor, the warm glow engendered by sustainable, however hard it may be to define in any relevant way.

http://www.theaustralian.com.au/new...-more-adjectives/story-e6frg71o-1225885366060
 
Where does this figure come from, noco? The last time I noted the figure (in the past week) it was quoted at $40 billion.

(noco)if the Coalition win Government at the next election, that is exactly what may have to happen to pay back Labor's $150 billion debt and that will make the Coalition unpopular once again.

Noco, you may have missed my question from yesterday? Would really appreciate understanding where the $150 billion comes from? Perhaps a link to the data?

With thanks.
 
Well, to be honest i understood that quite clearly. Just goes to show what a bunch of nimrods the general uninformed voting public is.
History will repeat this election, the public only see a change in leader of the ALP, which, in their mind anything is better than the cyberdrone Rudd. They won't make the direct correlation that Gillard was AS MUCH at fault as Rudd in the dud policies. No that's to much of a stretch for Joe Public to figure that out, that requires more than 3 brain cells.
Abbott is right, same product different salesman.... it's a shame he's not articulate enough to get the message across.
I agree it was very clear. It was portrayed as difficult by the press. And we know the press does the thinking for the non-thinkers.:rolleyes:
 
Noco, you may have missed my question from yesterday? Would really appreciate understanding where the $150 billion comes from? Perhaps a link to the data?

With thanks.

Julia, the official Australian Government debt as at 15/02/2010 was $122billion. Add something like over $100,000,000 per week since then you can easily calculate around $150billion to date.
The Government's deficit for 2009/2010 is $58billion.
 
Julia, the official Australian Government debt as at 15/02/2010 was $122billion. Add something like over $100,000,000 per week since then you can easily calculate around $150billion to date.
The Government's deficit for 2009/2010 is $58billion.

Approx 20 weeks since 15/2 x $100M per week = $2 billion, with a total debt of $124 Billion in my book.
 
Atached hereto is a media release from Barnby Joyce. I did state borrowings were $100million per week.In actual fact it was $95million per day. My apology for that error.

Senator Barnaby Joyce

Shadow Minister for Regional Development, Infrastructure and Water

Leader of The Nationals in the Senate

LNP Senator for Queensland



25th June 2010

Rudd borrows $95 million a day, Julia set to break record



Senator Barnaby Joyce today said that the new Labor Government has a lot of work to do to get this country back on track.



"The new appointee of the faceless factional bosses, Prime Minster Gillard, has already stated that she wants to get the Government "back on track", and it certainly is a long way off-track at the moment" said Senator Barnaby Joyce, Shadow Minister for Regional Development, Infrastructure and Water today.



When this Government came to power Australia's gross debt was $59 billion. It is now $147 billion. This Government has spent $88 billion in 935 days. This is a new record for Australian Prime Ministers.







"This Government has been an unmitigated disaster for our country, and even the Labor party now agrees. They have been racking up debt on the national credit card at $95 million a day.



"Every day of the Rudd Government, that money could have built almost 500 km of sealed country roads or repaired and refurbished over 100 bridges in regional Australia. Instead, thanks to Julia Gillard and her team we have overpriced trinkets at the back of school yards. .



"If the new PM really wants to get this great country back on track, she needs to stop this reckless and wasteful spending. The budget that the Deputy Prime Minister handed down less than two months ago forecast borrowing of $150 million a day for the next financial year. Gillard is already on track to smash Rudd’s record and things look like getting worse before they get better."



"Australia can't afford another term of pandemonium from the Labor party."
 
Bwaahahahhaaaahaha ha aaha a ..... but, but, but, they steered us through the Global Financial Crisis I hear them bleat.

Only to create an even bigger debt crisis for us all very soon.

Let's hear the Laborites put the blame on Howard over this one.
 

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Now if Noco post is correct, the Labor supporters now must now know they can NOT run any thing, time to get some one running the country that has had experience at running some thing, that has at some time, has made, or can look after money.:eek:
 
It took less than a week for Ms Gillard to adopt Rudd's arrogant disregard for any semblance of decent behavior.

Taxpayers fork out for Julia Gillard's flying visit to Queensland



Prime Minister Julia Gillard arrives for a meeting with AWU members in Brisbane on Tuesday night.
Taxpaters forked out $13,500 to fly Julia Gillard to Queensland to pay tribute to a party godfather and raise money for Labor with the big end of town.

The new Prime Minister, who has shunned the trappings of office and declined to move into the Lodge, flew to Brisbane on a Government jet for an ALP fundraiser on Tuesday, and will return tonight for an exclusive $5500-a-head dinner with business elite.

http://www.couriermail.com.au/news/...it-to-queensland/story-e6freoof-1225885899416
 
It took less than a week for Ms Gillard to adopt Rudd's arrogant disregard for any semblance of decent behavior.

Taxpayers fork out for Julia Gillard's flying visit to Queensland
How very foolish of her, when she should be really focusing hard on creating the best possible impression at this early stage. I can't think of much that will irritate potential voters more than using the government jet just to go to a Labor Party fundraiser!:(
 
Yeah a Greyhound bus ticket would be much more palatable from every single taxpayers point of view. :rolleyes:
 
It's not just the extent of the borrowings that Noco outlines,
but that Labor put most of it 'against the wall' as Sen Joyce said on Q&A this week (when he could be heard above the shriek of the left posse, smirking in their assumed moral superiority).

Now that PM Gillard wants to re-examine the Big Australia, does that mean the steady flowing tap of middle class welfare will be dialed down? It's spend and spend some more with Labor.
 
Gillard could topple Rudd as PM SANDRA O'MALLEY June 23, 2010

http://news.brisbanetimes.com.au/br...rd-could-topple-rudd-as-pm-20100623-yywf.html

It had begun to unfold Wednesday morning when NSW powerbroker Mark Arbib, Victorians Bill Shorten and Dave Feeney, and South Australian Don Farrell visited Ms Gillard to tell her they had lost confidence in the prime minister.

Through the evening support for Mr Rudd began to slip away and his position began to look untenable when the powerful Australian Workers' Union threw its weight behind the deputy prime minister.

AWU national secretary Paul Howes told AAP he and Queensland powerbroker Bill Ludwig had moved their support to Ms Gillard after making an assessment that a change in leadership was in the best interest of their membership.

Nope ...... no Union backing here ! Flying in a private jet to a Labor Party Fundraiser is really red flagging to the bull !
 

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How very foolish of her, when she should be really focusing hard on creating the best possible impression at this early stage. I can't think of much that will irritate potential voters more than using the government jet just to go to a Labor Party fundraiser!:(

Errr this has been happening since day dot Julia. Does anyone remember Rudd flying his mate around the world for free a few years back? :banghead:
 
. Flying in a private jet to a Labor Party Fundraiser is really red flagging to the bull !

It's not a private jet - it's our jet, but for her private use apparently. She was flying up here to thank Bill Ludwig personally, to get her instructions and raise funds for the party. I suppose she thinks that after wasting billions on the BER, that the cost of the Air Force jet is just chicken feed.
 
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