So who are the winners and losers of the 2024 budget?

[UMike]

So the Budget has come and gone.

Which stocks are the winners and losers?

 

[farmerge]

@UMike So far, the biggest loser has to be the Federal Treasurer, Jim Chalmers, with the $300 power bill subsidy that goes to the power companies, who then will drip feed that money to the consumers.
It is blatantly obvious that it should be means tested.
What need would the exceedingly wealthy in this country have a need for a subsidy on their power bill.

 

[qldfrog]

@UMike So far, the biggest loser has to be the Federal Treasurer, Jim Chalmers, with the $300 power bill subsidy that goes to the power companies, who then will drip feed that money to the consumers.
It is blatantly obvious that it should be means tested.
What need would the exceedingly wealthy in this country have a need for a subsidy on their power bill.

And stop toying with power bill.if you want widespread, just add a tax refund of $300 to everyone or via Centrelink as everyone has a Medicare card...
Not everyone, especially poorer population has an electricity bill

 

[Dona Ferentes]

I'm a winner ... as a self funded person, I get the $300 electricity rebate.

Never got any Covid or other subsidies that had been thrown to the deserving poor, along the way. Labor's losing its touch.

Dona "El Incorruptible" Ferentes

 

[Chipp]

100% The big winner is Andrew Forrest

 

[farmerge]

@Dona Ferentes And to add that little bit more we here in the Wait Awhile State get another $400 from our beloved State Govt too.
These are the only benefits that She and Me have been the recipients of.
During the Covid splurge we got zilch.
At this stage I was badly injured and we were drawing down our funds at a pretty fair rate. Any leg up would have been helpful.

 

[Smurf1976]

And stop toying with power bill.if you want widespread, just add a tax refund of $300 to everyone or via Centrelink as everyone has a Medicare card...

By reducing the retail price of electricity by $300 that feeds into a lower CPI and also meets a political promise to reduce electricity costs by at least $275. Plus by paying it on electricity accounts it's one payment per household.

If they paid it to individuals then it would (1) cost more and (2) doesn't feed into lowering the CPI calculation. The latter bit being the key I expect.

 

[qldfrog]

By reducing the retail price of electricity by $300 that feeds into a lower CPI and also meets a political promise to reduce electricity costs by at least $275. Plus by paying it on electricity accounts it's one payment per household.

If they paid it to individuals then it would (1) cost more and (2) doesn't feed into lowering the CPI calculation. The latter bit being the key I expect.

I understand, but it IS a bit sad that thé people in hostels, renting a shed or a room at the back if not living in cars and camping in parks..there are numerous here get nothing..they are most often working poor so still slugged by taxes...
I am far more left wing that these ALP jokers, I actually care for our people (my nationalist part renamed lately as far right or populist)
I also like the irony of the fact people going off grid ..best net zero you can imagine get nothing