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I don't really know what the rich have to do with the GST, it was always a way to redistribute excess middle class wealth. The 2% top money makers increase assets and live off company expenditures which is generally shareholder money and attracts a much higher FBT income to the govt than income tax would.

Simplistic assumptions that you can make the wealthy class poor doesn't even hold up in communist countries, which seem to have vast numbers of oligarchs.

It's been posted here by others that there doesn't seem to be a budget emergency anymore and the current govt hasn't been slow in doubling the net debt after slamming the previous govt.

The "infrastructure" reign of Tony Abbott is a fizzog with no great halo projects, just cynical promises of funding that requires the states (i.e. us) to go further into debt or suffer the wedge politics the promises are designed to create.

Increasing the GST will only create incipient spend and debt. It's been a party since Bob Hawke reworked the economy and there is a generation of mini entrepreneurs who don't know the meaning of hand to mouth, let alone zero personal debt, so if the unlikely does happen and 15% GST reduces net public debt, personal debt will increase to pay for sustained lifestyles.

<blockquote data-quote="Tisme" data-source="post: 876352" data-attributes="member: 60573">I don&#039;t really know what the rich have to do with the GST, it was always a way to redistribute excess middle class wealth. The 2% top money makers increase assets and live off company expenditures which is generally shareholder money and attracts a much higher FBT income to the govt than income tax would.Simplistic assumptions that you can make the wealthy class poor doesn&#039;t even hold up in communist countries, which seem to have vast numbers of oligarchs.It&#039;s been posted here by others that there doesn&#039;t seem to be a budget emergency anymore and the current govt hasn&#039;t been slow in doubling the net debt after slamming the previous govt. The &quot;infrastructure&quot; reign of Tony Abbott is a fizzog with no great halo projects, just cynical promises of funding that requires the states (i.e. us) to go further into debt or suffer the wedge politics the promises are designed to create.Increasing the GST will only create incipient spend and debt. It&#039;s been a party since Bob Hawke reworked the economy and there is a generation of mini entrepreneurs who don&#039;t know the meaning of hand to mouth, let alone zero personal debt, so if the unlikely does happen and 15% GST reduces net public debt, personal debt will increase to pay for sustained lifestyles.</blockquote>

[QUOTE="Tisme, post: 876352, member: 60573"] I don't really know what the rich have to do with the GST, it was always a way to redistribute excess middle class wealth. The 2% top money makers increase assets and live off company expenditures which is generally shareholder money and attracts a much higher FBT income to the govt than income tax would. Simplistic assumptions that you can make the wealthy class poor doesn't even hold up in communist countries, which seem to have vast numbers of oligarchs. It's been posted here by others that there doesn't seem to be a budget emergency anymore and the current govt hasn't been slow in doubling the net debt after slamming the previous govt. The "infrastructure" reign of Tony Abbott is a fizzog with no great halo projects, just cynical promises of funding that requires the states (i.e. us) to go further into debt or suffer the wedge politics the promises are designed to create. Increasing the GST will only create incipient spend and debt. It's been a party since Bob Hawke reworked the economy and there is a generation of mini entrepreneurs who don't know the meaning of hand to mouth, let alone zero personal debt, so if the unlikely does happen and 15% GST reduces net public debt, personal debt will increase to pay for sustained lifestyles. [/QUOTE]

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