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I would agree with you, but in recent years Labor have alienated the middle class and lower income voters ( increase pension age, remove franking credits to low income earners, decrying middle class welfare e.g childcare etc), so they somehow have to gain their trust back.
Both parties are struggling with the middle class voter, as they are the major tax base who pays for it all.
As has been said on the forum many many times, they are obviously going to inflate the problem away, the tax rates have been on a downward trajectory for 40 years.Personally I don't have a problem with taxpayers money going to people who need it, but the big spending items like aged care , NDIS , child care ,mental health etc are recurrent expenditure and you have to increase revenue to pay for them or go into debt. ScoMo and Friedburger have shown no inclination at all to increase revenue, so it's all basically debt that someone else has to repay.
So I'd have to say it's a pretty cynical election budget, and if they get back cuts or tax increases will inevitably have to be made.
I would agree with you, but in recent years Labor have alienated the middle class and lower income voters ( increase pension age, remove franking credits to low income earners, decrying middle class welfare e.g childcare etc), so they somehow have to gain their trust back.
Both parties are struggling with the middle class voter, as they are the major tax base who pays for it all.
Complete reversal .....you sound like the media you readWhat is interesting is the 180 degree change in position by both parties, after the GFC Labor were adamant that the splash of cash was needed and the Coalition were saying it was irresponsible.
Now we have the complete reversal, just shows how little there is between them these days, as Humid says it is all about staying in the driver's seat.
Same as the budget, it is a social budget, very much like a budget Labor would put out, politics has gone very weird.
The line between left and right is becoming very close IMO, so a lot comes down to who can BS the best and resonate with the electorate.
I guess a bit of reflection on your part wouldn't hurt, oh I forgot you are one of the wealthy ones and before you say that it is Murdoch BS the post is from the Guardian. ?Complete reversal .....you sound like the media you read
Have a look at the bloody figures in the last 7 years
Its nothing like labor spending get a ****ing grip
Morrison failed to stimulate the economy last year when it was needed.Why is that, I said there is very little to differentiate between them, so the way the public view the budget should have little effect on the election. Personalities will probably decide the outcome, yet again IMO.
You're never going to sell that Rob, most people perceive last year as being locked up indoors, so stimulating an economy when everyone is indoors is difficult, they will perceive the government looked after the people last year.Morrison failed to stimulate the economy last year when it was needed.
He paid companies to not have employees productive.
He's now big spending when it's no longer necessary.
Labor did the opposite vis a vis the GFC so there is a gulf between them.
I don't really care what people think.You're never going to sell that Rob, most people perceive last year as being locked up indoors, so stimulating an economy when everyone is indoors is difficult, they will perceive the government looked after the people last year.
The GFC was an overseas banking issue, revolving around the E.U banks buying consolidated debt obligations, which were full of crap U.S mortgages.
Labor ran with it, when it really had minimal effect on Australia, so people aren't going to think you are comparing apples with apples, but hey you carry on it is always a good read.
Morrison failed to stimulate the economy last year when it was needed.
He paid companies to not have employees productive.
He's now big spending when it's no longer necessary.
Labor did the opposite vis a vis the GFC so there is a gulf between them.
Your posts have a very Liberal flavour about them Rob, "He paid companies to not have employees productive", well I know a travel agent who employed three people managed to keep them on and get all the deposits etc back to people who had forward booked.I don't really care what people think.
From a policy perspective Morrison's effort was a FAIL.
Infrastructure and construction activities were significantly unaffected by pandemic issues last year and could have had billions poured in. Investing in decent quarantining facilities across Australia would have been a practical measure, and here we are well over a year later and zip has been done. Nothing was done to remedy social housing needs either.
Fast tracking a shift to renewables was another option and revitalising our grid to accommodate the shift was also in play. But Morrison is a policy free zone.
I though McMahon was our worst ever PM, but I reckon Morrison has taken his mantle by totally screwing our relationship with China, and now wanting to double down.
I don't buy the "popularity" contest idea for determining election outcomes. Elections are never cut and dry, as a betting agency discovered in 2018. As I see it, they are decided at the margins, and factors that swing a seat one way in Victoria can swing it opposite in Queensland (and did in 2018).
If that business could not have handled that activity without Jobseeker they should not have been in it.Your posts have a very Liberal flavour about them Rob, "He paid companies to not have employees productive", well I know a travel agent who employed three people managed to keep them on and get all the deposits etc back to people who had forward booked.
I made the point about stimulating construction - Jobkeeper was not necessary.My brother in law runs a small glazing business and it saved him and his two workers, the work has picked up in the last six months with the building stimulus.
You could try to get your facts straight about GFC measures:As you say there is a big gulf between what happened last year and the GFC, the GFC was build a few school halls, stuff up putting in pink batts and send out a $900 cheque to welfare recipients, after that everyone go and get stuffed. NOPE
As for not caring what people think, I find that is often the case with people who wear compassion as a badge of honour, until they are required to show some.
As has been said on the forum many many times, they are obviously going to inflate the problem away, the tax rates have been on a downward trajectory for 40 years.
So the obvious way to reduce debt, if you are not going to increase direct tax, is to bring about inflation which increases indirect tax and bracket creep.
Keeping the borders closed for another 12 months, will mean all this splash of cash will end up in our economy, so my guess is the Government will get a lot of it back.
The thing us who don't work have to be careful of, is the buying power of your savings will diminish, so the percentage of savings allocated to growth has to be monitored IMO.
I would be very surprised if inflation doesn't take off in the next two years, by taking off I mean it is starting from a low point, so any movement is a takeoff. ?
Just my opinion.
Fairest and most competent speaker I've ever seen. Should be PMHas anyone else detected an amount of friction between the Speaker and PM in Question Time recently ?
Fairest and most competent speaker I've ever seen. Should be PM
Has anyone else detected an amount of friction between the Speaker and PM in Question Time recently ?
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