Australian (ASX) Stock Market Forum

The Abbott Government

NZ has better tax for business's, as well as cheaper labor....not every man and his dog are earning 60k a year to sweep the floor...:rolleyes:
 
I have always advocated the states have the responsibility for health and education and for the Federal Government to be involved is just doubling up on these services and an added burden on the taxpayer.

In Queensland years ago, hospitals were funded by the Golden Casket.......I do not why it was stopped and by which government.


http://www.theaustralian.com.au/bus...s-ball-to-states/story-e6frg9qo-1226917927183

And here is the answer.....You guessed it....The Beattie Labor Government sold off the assets for $530,000,000

Golden Casket Lottery Corporation, the former Queensland government-owned entity who owns a licensed monopoly on lotteries there; the management of which was sold to Tattersall's on 29 June 2007[2] for $530 million.[3]
 
NZ has better tax for business's, as well as cheaper labor....not every man and his dog are earning 60k a year to sweep the floor...:rolleyes:

Can you show me 1 floor sweeper outside of a mining site earning 60K a year?

have you actually had a chat with the people who clean office buildings? I can assure you they're at best getting around minimum wage, and worst are so desperate for work they are getting less than what they should just to pay their tuition fees and other bills. Lots of foreign student slave labour in the cleaning market.

FYI 60K puts you at the border of the 7th and 8th income deciles. I'd say if floor sweepers really earned that much we'd have some of the cleanest buildings in the world.
 
I have always advocated the states have the responsibility for health and education and for the Federal Government to be involved is just doubling up on these services and an added burden on the taxpayer.

In Queensland years ago, hospitals were funded by the Golden Casket.......I do not why it was stopped and by which government.


http://www.theaustralian.com.au/bus...s-ball-to-states/story-e6frg9qo-1226917927183

And here is the answer.....You guessed it....The Beattie Labor Government sold off the assets for $530,000,000

Golden Casket Lottery Corporation, the former Queensland government-owned entity who owns a licensed monopoly on lotteries there; the management of which was sold to Tattersall's on 29 June 2007[2] for $530 million.[3]

Mr Abbott is offering $5B to the states to get them to flog off any remaining state assets. No need to do a CBA. No need to discuss the regulatory environment after sale. No need to question if it's in the public interest to have the assets in private hands. No mention of the fact most public asset sales short change tax payers.

No, PM Abbott wants to flog off the remaining family silver robbing the states of further income so it can be invested in projects that generally don't pass the investment grade self liquidating test.
 
Mr Abbott is offering $5B to the states to get them to flog off any remaining state assets. No need to do a CBA. No need to discuss the regulatory environment after sale. No need to question if it's in the public interest to have the assets in private hands. No mention of the fact most public asset sales short change tax payers.

No, PM Abbott wants to flog off the remaining family silver robbing the states of further income so it can be invested in projects that generally don't pass the investment grade self liquidating test.

Martin Ferguson and federal Labor weren't offering anything, when they were telling the States to sell their electricity assetts. :confused:
I know it's a bit, tit for tat, but just trying to keep the cheap shots honest.
 
Mr Abbott is offering $5B to the states to get them to flog off any remaining state assets. No need to do a CBA. No need to discuss the regulatory environment after sale. No need to question if it's in the public interest to have the assets in private hands. No mention of the fact most public asset sales short change tax payers.

No, PM Abbott wants to flog off the remaining family silver robbing the states of further income so it can be invested in projects that generally don't pass the investment grade self liquidating test.

And why did Beattie sell the Golden Casket? It was because he had goofed with the states finances over 20 years of hard Labor and needed the money.....He and Bligh were borrowing money to pay public servants.....public servants who were employed by the Beattie/ Bligh just to keep state unemployment down and it did not matter if they were only doing 3 or 4 hours work a day.

The Federal Government wants to sell assets as do the states to pay for the debts Labor racked up over the past 6 years.
 
From Shortens budget reply, it doesn't sound like much of the budget will be passed.

8:21pm: After the speech, Shorten has headed straight into an interview with 7.30's Sarah Ferguson.

Here things don't go quite as smoothly as in the chamber.

As we heard in his speech, he's committed to opposing the petrol tax, changes to higher education, Newstart, the age pension and the GP co-payment.

But says Labor has not decided yet on the deficit levy.

And he did not give a clear answer on whether they would support the tighter means testing of family payments.

He does think that cutting Family Tax Benefit-B when kids reach six year old is very harsh.

http://www.smh.com.au/federal-politics/the-pulse-live/politics-live-may-15-2014-20140515-38atf.html

CPI indexation of the fuel excise will go through with Greens support.
 
Can you show me 1 floor sweeper outside of a mining site earning 60K a year?

have you actually had a chat with the people who clean office buildings? I can assure you they're at best getting around minimum wage, and worst are so desperate for work they are getting less than what they should just to pay their tuition fees and other bills. Lots of foreign student slave labour in the cleaning market.
Aren't you taking CanOz's post rather too literally? I read it as not really specifically a comment on what cleaners earn but rather a reference to what Australia pays people doing menial jobs compared with what they would earn in NZ, and on that basis, I think he was absolutely correct.

I doubt if the Archangel Gabriel could sell this Budget.
Well, Rumpole, my impression from your now many posts on various political threads is that you could take your very own recommendations for what the management of Australia should be, put a Liberal badge on it, and even the Archangel Gabriel would not be able to sell it to you.

My point was rather directed toward those in the electorate who might retain some measure of objectivity, and even Liberal voters for that matter. I would never have had any expectation - and I'm sure neither would the government - that rusted on Labor supporters would find the Budget acceptable.

On Mr Shorten's Reply speech this evening, it was carefully crafted with all the due measures of emotion and hyperbole to appeal to his supporters and possibly even those disaffected with the government's Budget.
It was entirely predictable, even to the rising crescendo of his voice as he approached the conclusion.

What I found more interesting was the marked contrast in the subsequent interview by Sarah Ferguson of Mr Shorten compared with her interview of Mr Hockey after he delivered the budget.

In the latter, she constantly interrupted Mr Hockey. He was barely able to complete a single sentence.
For Mr Shorten, however, she seemed happy to pose a few token questions without insisting on any answers, and then to allow him to rant on with the same cliches sans interruption of any kind.

Leigh Sales would not have countenanced such obvious bias.
 
From Shortens budget reply, it doesn't sound like much of the budget will be passed.

http://www.abc.net.au/news/2014-05-...dget-reply-opposes-13-billion-in-cuts/5455886

Oh well, that's the excitement over for awhile. I guess the newspapers will have to dream up the next catastrophe, that's going to befall us all.

Bill Shorten was full of rhetoric and no substance......He did not offer one solution.....he might as well have not turned up.......As an alternative Prime Minister, I thought he would have told us how he would have handled the current situation of debt and deficit......how he would balance the books and how long it would have taken him to do it......he should have consulted Swanie first......Wayne ( the greatest Treasurer in the World) would have told him how.:D:D
 
Not really NZ is trying and succeeding in attracting business to move there.
It's not yet up on the ABC's website, but there was an item on "PM" this evening on the NZ Budget being delivered, finally with a surplus after some years of work after inheriting the results of the previous Labor government there.

John Key, entirely reasonably, pointed to the just delivered Australian budget as the result of six years of Labor/Greens government. His remarks were worth hearing imo.
Should be up on the PM website tomorrow.
 
Well, Rumpole, my impression from your now many posts on various political threads is that you could take your very own recommendations for what the management of Australia should be, put a Liberal badge on it, and even the Archangel Gabriel would not be able to sell it to you.

Extremist governments don't implement reasonable policies.
 
What I found more interesting was the marked contrast in the subsequent interview by Sarah Ferguson of Mr Shorten compared with her interview of Mr Hockey after he delivered the budget.

In the latter, she constantly interrupted Mr Hockey. He was barely able to complete a single sentence.
For Mr Shorten, however, she seemed happy to pose a few token questions without insisting on any answers, and then to allow him to rant on with the same cliches sans interruption of any kind.

Leigh Sales would not have countenanced such obvious bias.

Julia was it not Sarah Ferguson who tore apart Wayne Swan after his budget speech or was that Leigh Sales?

I haven't seen the Shorten interview and don't have much interest in it as I'm aware it will be full of rhetoric and after reading an ABC article he clearly supports few of the policy's but wont say what cuts Labor would make and where savings would be made to pay for the allocated funding ie Gonski.

However I thought Sarah Ferguson was great at holding Hockey accountable when he wouldn't call a spade a spade. Funny how as opposition he boasted that the flood levy was a new tax but now as government the high income earners levy is anything but a new tax. This is not to say I don't support the levy but I just detest this continual diversion of questions by politicians, I'm not sure if they've ever been honest but certainly not in my lifetime.
I guess she was always going to gun a bit harder considering the cuts to the ABC were another broken promise.
 
I certainly hope there is a double dissolution, then the electorate can decide which path they wish to travel.

However, the reluctance to risk losing, will no doubt rule out our opportunity to choose.
 
Julia was it not Sarah Ferguson who tore apart Wayne Swan after his budget speech or was that Leigh Sales?
I don't remember particularly, overhang, but probably it would have been Leigh Sales, given she has been the program anchor for the last several years now and is only not there at present because of her maternity leave.

I haven't seen the Shorten interview and don't have much interest in it as I'm aware it will be full of rhetoric and after reading an ABC article he clearly supports few of the policy's but wont say what cuts Labor would make and where savings would be made to pay for the allocated funding ie Gonski.

However I thought Sarah Ferguson was great at holding Hockey accountable when he wouldn't call a spade a spade. Funny how as opposition he boasted that the flood levy was a new tax but now as government the high income earners levy is anything but a new tax. This is not to say I don't support the levy but I just detest this continual diversion of questions by politicians, I'm not sure if they've ever been honest but certainly not in my lifetime.

I completely agree. Some days I feel quite sick at the woeful standard of politicians of all stripes and colours.
Self interest and hypocrisy prevail, sadly.

Further to my earlier comment on NZ being back in the black, for anyone who is interested, this provides a little more detail:
http://www.smh.com.au/business/worl...q.html?promote_channel=edmail&mbnr=MzkzNDcxNA
 
Can you show me 1 floor sweeper outside of a mining site earning 60K a year?

have you actually had a chat with the people who clean office buildings? I can assure you they're at best getting around minimum wage, and worst are so desperate for work they are getting less than what they should just to pay their tuition fees and other bills. Lots of foreign student slave labour in the cleaning market.

FYI 60K puts you at the border of the 7th and 8th income deciles. I'd say if floor sweepers really earned that much we'd have some of the cleanest buildings in the world.

You are indeed out of touch...How about sign flippers on 55k a year?
 
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