Australian (ASX) Stock Market Forum

The Abbott Government

Jump to new
SirRumpole said:
At least they have the money to build something new...
Click to expand...

Norways oil is due to run out next year.

Norway has a VAT of 28 % on everything you purchase....No wonder they have plenty of money,

Just imagine the hue and cry if Australia increased the GST to 28% let alone 15% where it should be now to help pay back the Rudd/Gillard/Rudd bad debt. The states would benefit and the Feds would not have to subsidize the states which in turn would release money to pay the bad debt.
 
noco said:
Norways oil is due to run out next year.

Norway has a VAT of 28 % on everything you purchase....No wonder they have plenty of money,

Just imagine the hue and cry if Australia increased the GST to 28% let alone 15% where it should be now to help pay back the Rudd/Gillard/Rudd bad debt. The states would benefit and the Feds would not have to subsidize the states which in turn would release money to pay the bad debt.
Click to expand...

Norway is the most socialist in Europe, probably the world. All their taxes are incredibly high, Part of their constitution are written by Karl Marx.
Honestly the worm has turned when the Libs are pushing higher taxes.
 
noco said:
Norways oil is due to run out next year.

Norway has a VAT of 28 % on everything you purchase....No wonder they have plenty of money,

Just imagine the hue and cry if Australia increased the GST to 28% let alone 15% where it should be now to help pay back the Rudd/Gillard/Rudd bad debt. The states would benefit and the Feds would not have to subsidize the states which in turn would release money to pay the bad debt.
Click to expand...

They also save the majority of the Kroner they earned from that oil, unlike Australia that has pretty much used it's mineral wealth to increase the cost of housing. As a people they have been thinking much longer term than we have.
 
sydboy007 said:
They also save the majority of the Kroner they earned from that oil, unlike Australia that has pretty much used it's mineral wealth to increase the cost of housing. As a people they have been thinking much longer term than we have.
Click to expand...
I know we tend to go around in circles in this thread, but in the very recent past, Australia had money too!

Then along came middle class welfare, from both sides of parliament, a panicked response to the GFC, $900 'plasma television' grants, and six years of a tax-and-spend government. The Treasury was looted, and it's by no means over, as we've allowed a culture of self-entitlement to develop.

I'll give this to the Norwegians, they at least stayed the course, and have protected their treasury reserves. They'll need them.
 
Before Norway struck it lucky with North Sea oil their main earners were shipping and fishing.They knew what it was like to lag the rich countries-hence they saved their windfall.
I will be there again next year-and from my experience they do not begrudge the taxes they pay.(having said that a nephew of mine is living in Spain for a few years with his family-a high earner)But he is returning to Norway when his children are of high school age.
As a generalisation housing was cheaper than in Australia-maybe not so in Oslo where the trendies are pushing up prices.
As I was told when I bucked at the prices at a restaurant "You have to pay'-I took that to mean -stop your moaning.
 
Knobby22 said:
Norway is the most socialist in Europe, probably the world. All their taxes are incredibly high, Part of their constitution are written by Karl Marx.
Honestly the worm has turned when the Libs are pushing higher taxes.
Click to expand...

So would you say socialism is the answer?
 
drsmith said:
This post is very similar to another in the ABC thread as is my response.

Talk of an early election is nothing more than wishful thinking by some.
Click to expand...
The Coalition would be running cake stalls to keep Bill Shorten in the job.

'Tarnished' barely begins to describe the Opposition Leaders's political standing. And the heir apparent is.. Tanya Plibersek. It's an absolute gift.
 
noco said:
So would you say socialism is the answer?
Click to expand...

No. Where is their industry? And they were lucky to have the reserves. They would probably argue they had State Capitalism. And what's so good about 28% GST?

Crony capitalism as we seem to be getting in Australia has its negatives also though.

Popular Capitalism as expounded by David Cameron is what I prefer.
 
Logique said:
The Coalition would be running cake stalls to keep Bill Shorten in the job.

'Tarnished' barely begins to describe the Opposition Leaders's political standing. And the heir apparent is.. Tanya Plibersek. It's an absolute gift.
Click to expand...

Yeah that's true at the moment, but if Shorten comes out of the Royal Commission well then he's still a good chance.

Point is that Shorten may have lied to a DJ about an internal Party matter, but Abbott lied to the electorate about things that affect the ordinary voter. Neither of them cover themselves with credit but I would still rather trust Shorten than Abbott on matters of policy and the national interest.
 
SirRumpole said:
Yeah that's true at the moment, but if Shorten comes out of the Royal Commission well then he's still a good chance.

Point is that Shorten may have lied to a DJ about an internal Party matter, but Abbott lied to the electorate about things that affect the ordinary voter. Neither of them cover themselves with credit but I would still rather trust Shorten than Abbott on matters of policy and the national interest.
Click to expand...

Rumpy, if Labor had been honest about the deficit being $18 billion instead of $48 billion in 2013 he (Abbott) may have had no need to lie....Abbott found himself $30 billion short so hence the reason for having to deny people of the "NO CUTS".

Does that make sense to you?
 
SirRumpole said:
Yeah that's true at the moment, but if Shorten comes out of the Royal Commission well then he's still a good chance.

Point is that Shorten may have lied to a DJ about an internal Party matter, but Abbott lied to the electorate about things that affect the ordinary voter. Neither of them cover themselves with credit but I would still rather trust Shorten than Abbott on matters of policy and the national interest.
Click to expand...

Lets not forget that abbott has form on obfuscation with the hanson slush fund from a decade ago

Some of his memorable quotes were:

* "there are some things the public has no particular right to know."

* "I just believe private conversations should be private."
 
There are some things that are worth knowing and there are somethings which scare the hell out of us.

Much to the disliking of the lefties who wanted to see and tried hard to make the current government fail, there is progress being made.

Can Bill Shorten and the Green/Labor socialist left party match Abbott's current achievements?...When ever silly Billy opens his mouth it all about Tony Abbott...What happened to Labor's year of new ideas?...The silence is deafening.



http://www.liberal.org.au/latest-news/2015/06/27/prime-minister-address-58th-liberal-federal-council

I should ask: who’s Labor for these days?

I guess the ‘Killing Season’ answered that: they’re for themselves.

They’re the party that promised to be like John Howard, but weren’t.

They’re the party that promised us they wouldn’t restart the boats, but did.

They’re the party that promised surpluses, but delivered record debt and deficits.

They’re the party that said no carbon tax, but gave us one anyway.

Labor has not changed.

Almost two years into this term, they still want a carbon tax; they still have no policies to stop the boats and they’re still addicted to taxes and spending.

The choice is clear.

They’re for boats, we’re for none.

They’re for a carbon tax, we’re for lower tax.

They’re for taxes, we’re for jobs.

They do union bidding.

We stand for all of us.

Now I have to confess, I did sneak a peak at that ABC series The Killing Season.

The one thing that Kevin Rudd and Julia Gillard could agree on was : you can’t trust Bill Shorten.

If Julia Gillard and Kevin Rudd don’t trust Bill Shorten, why should you?

If the workers of the AWU couldn’t trust Bill Shorten, why should you?

Only the Liberal party and our National Party colleagues can be trusted to build a strong, prosperous economy and a safe, secure Australia.

Our party was not built on union deals, on union donations or on union arm twisting.

It’s built by people who believe in our country and who believe that our best days are ahead of us.
 
And that's exactly the point noco. Even in this thread we don't seem to be discussing Liberal policy.

The Liberals are just electioneering against Labor instead of governing.

Abbott doesn't appear to have any direction. The debt is increasing. The powerful donors appear to have complete control. They have to get rid of him and put someone else in charge or I predict you will see the biggest Liberal loss in living memory.
 
Knobby22 said:
And that's exactly the point noco. Even in this thread we don't seem to be discussing Liberal policy.

The Liberals are just electioneering against Labor instead of governing.

Abbott doesn't appear to have any direction. The debt is increasing. The powerful donors appear to have complete control. They have to get rid of him and put someone else in charge or I predict you will see the biggest Liberal loss in living memory.
Click to expand...

Err, the debt is increasing?????....I learned just recently where several billions of savings have been made to reduce the debt....It would have been considerably high had Labor stayed in power.

How could you say Abbott does not have any direction...He has made made lots of inroads IMO.

I think you should reconsider what you hear from the Fabian propaganda machine.
 
noco said:
Err, the debt is increasing?????....I learned just recently where several billions of savings have been made to reduce the debt....It would have been considerably high had Labor stayed in power.

How could you say Abbott does not have any direction...He has made made lots of inroads IMO.

I think you should reconsider what you hear from the Fabian propaganda machine.
Click to expand...

Hate to say, they will double the debt by the end of next year. Didn't the Courier Mail advise you of this?

http://www.crikey.com.au/2014/10/27/coalition-on-track-to-double-labor’s-debt-and-deficit/

Bring Back Costello from retirement...please or put a proven manager in charge (Bishop) or a merchant banker and successful businessman (you know who). The career politician is failing us.
 
Knobby22 said:
Hate to say, they will double the debt by the end of next year. Didn't the Courier Mail advise you of this?

http://www.crikey.com.au/2014/10/27/coalition-on-track-to-double-labor’s-debt-and-deficit/

Bring Back Costello from retirement...please or put a proven manager in charge (Bishop) or a merchant banker and successful businessman (you know who). The career politician is failing us.
Click to expand...

half the current issues with the budget are due to Costello, so please don't bring him back. he only had one way of managing the budget - spend spend spend.

Whether removing fuel indexation, halving capital gains tax, reducing the tapering of the pension assets test, making it easier to get a seniors card, the Abbott Govt is having to confront these bad choices, but seems one Liberal Govt has to fix the mess of a previous one.

Do you remember when Costello was overseeing spending out of control in the final term of the Howard Govt? Interest rates had to hit their highest level in a generation to try and slow the economy and put a break on inflation that was at 3.6% by the end of 2006. That's definitely not the kind of economic management we require now. We need someone with a bit of ticker who can take on the vested interests to make some meaningful reforms about pensioner incomes and housing taxation, capital gains while being able to work with the states to get them to move away from inefficient stamp duties and reforming the cost shifting that occurs in the health sector. A bit of efficiency would go a long way.
 
Knobby22 said:
Hate to say, they will double the debt by the end of next year. Didn't the Courier Mail advise you of this?

http://www.crikey.com.au/2014/10/27/coalition-on-track-to-double-labor’s-debt-and-deficit/

Bring Back Costello from retirement...please or put a proven manager in charge (Bishop) or a merchant banker and successful businessman (you know who). The career politician is failing us.
Click to expand...

Costello?????????.... hell no....why Costello when we have the worlds greatest treasurer sitting on the back bench...You know the one, who in 2013 who said we were in surplus and then corrected himself to $2 billion deficit, then $11 billion, then $18 billion and then find out after the 2013 election we were $48 billion in the red....all in about 6 weeks.
 
To be fair, Costello had it pretty easy, boom times. And he did try to save some of the money but it was wanted by his fellow politicians to try to win the next election.

Anyway, by the by, the debt is doubling. The "goose" in power now promises and doesn't deliver.
I don't think he has any vision which is why he chops and changes so much. He is just a political warrior, not the leader we need at the moment.
 
Top