Australian (ASX) Stock Market Forum

Is Shorten PM material?

Is Shorten PM material?

  • Yes

    Votes: 6 16.2%
  • No

    Votes: 31 83.8%

  • Total voters
    37
So this new tax scheme by Shortonbrains is double taxation or theft. It would be similar to him saying that he won't pay the refund back for the excess of offsets you claim on PAYG Withholding or PAYG Instalments.

We are one of only three countries that has dividend imputation at all, so we can count our blessings, and if a little bit of that is clawed back in times of deficit then I won't be crying about it.
 
We are one of only three countries that has dividend imputation at all, so we can count our blessings, and if a little bit of that is clawed back in times of deficit then I won't be crying about it.
So you're saying only three countries are doing the right thing?
 
Not necessarily in times of budget deficit. The Libs haven't been able to pull it back, at least Labor is coming up with ideas.
So if Labor came out and said we will no longer refund PAYG withholding and PAYG Instalments then I guess it will be a good thing because they are coming up with ideas to fix the budget deficit.

How about to fix the budget deficit start by reducing the offshore spending from Julie Bishop or even worse, when Penny Wong comes in. Seems like a better idea than punishing Australians.
 
So who are they going to burn a couple of hundred thousand fogies and the big end of town.
Gives them a bit of cash to negate the Fizzers tax cuts in the coming budget.
That’s the mail I’m getting.
Seriously baby boomers thinking they’re getting the short end.
Sell your mansions.
 
So who are they going to burn a couple of hundred thousand fogies and the big end of town.
Gives them a bit of cash to negate the Fizzers tax cuts in the coming budget.
That’s the mail I’m getting.
Seriously baby boomers thinking they’re getting the short end.
Sell your mansions.
How about cut wasteful spending. Cut public service wage inflation. Before asking to pay more tax.
 
We are one of only three countries that has dividend imputation at all, so we can count our blessings, and if a little bit of that is clawed back in times of deficit then I won't be crying about it.
The problem is our tax is just wasted when they get more. Everyone is already stretched. Rego, electricity, food, rent/mortgage and on top of that labor thinks adding more tax is a good idea. Go through all the bloated public service wages and swing the axe.

Why the F would you be asking for anymore tax. Everyone has the opportunity to use it.
 
Go through all the bloated public service wages and swing the axe.

Don't you think the Liberals would have already done that ?

They have been in 4+ years and made big noises about sacking 16,000 public servants but it hasn't made much difference to the bottom line.
 
Let’s face it, they’ve run out of things to sell.

They’re just looking for people to screw with the least collateral damage to the party on vote day
 
The people has spoken in the South Australian election.
Liberal to form government for the first time in 16 years.
 
Not necessarily in times of budget deficit. The Libs haven't been able to pull it back, at least Labor is coming up with ideas.

You come across to me as someone who believes that the government owns 100% of everything that an individual or company earns. In other words, an extreme communist.

Anything that the government doesn't take from that 100% is a concession.

An economy based on your ideas would end up like Venezuela or Zimbabwe.
 
To come to that conclusion from that quote you come across as someone who should lay of the piss
 
You come across to me as someone who believes that the government owns 100% of everything that an individual or company earns. In other words, an extreme communist.

Thanks for that, best laugh I've had today. :roflmao:

You must be joking if you think that just because a Liberal government gave high wealth individuals and companies tax breaks that they never should have got that it's therefore daylight robbery to claw a bit of that back when we have a budget deficit and debt that was a "disaster" according to the Libs and is now even worse since they got in.

And if you think that the deficit should be corrected by spending cuts then why hasn't that been done under a Liberal government ? And why are they going to make it worse with an unfunded $60 billion corporate tax cut when most economists think that it will barely achieve anything ?

The revenue side has to be looked at if we are going to pay for not only schools and hospitals but expensive submarines and jet fighters and maybe you would like to make some suggestions how that should be done ?
 
Thanks for that, best laugh I've had today. :roflmao:

You must be joking if you think that just because a Liberal government gave high wealth individuals and companies tax breaks that they never should have got that it's therefore daylight robbery to claw a bit of that back when we have a budget deficit and debt that was a "disaster" according to the Libs and is now even worse since they got in.

And if you think that the deficit should be corrected by spending cuts then why hasn't that been done under a Liberal government ? And why are they going to make it worse with an unfunded $60 billion corporate tax cut when most economists think that it will barely achieve anything ?

The revenue side has to be looked at if we are going to pay for not only schools and hospitals but expensive submarines and jet fighters and maybe you would like to make some suggestions how that should be done ?
The have been making spending cuts and were blocked by the senate.
 
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