Australian (ASX) Stock Market Forum

Useless Labor Party

Jump to new
sydboy007 said:
As opposed to the Liberals that did what their mining and financial services backers had asked.

First business was kill the resource tax and winding back of FOFA by the Govt. Killing off the carbon tax too was a priority. All that revenue lost and they're complaining the GP and UNI taxes being blocked is the cause of the budget blow out.

Oh, I forgot about their energy mates too who wanted the RET killed or neutered, even though the Govt's own hand picked review panel found the RET saves electricity consumers like you and me, along with the remaining manufacturers money, while helping to transition us away from fossil fuels. Most would view that as a win win but still the Govt wants to wind back the clock to Abbott's mid 50s golden age.

Do you think Abbott will finally prove he's legally the PM and show us his Form RN renouncing his UK citizenship?
Click to expand...


Did Clive Palmer, a life member of the LNP, a heavy financial backer of the LNP get his own way?

Your rhetoric has no substance.
 
noco said:
Did Clive Palmer, a life member of the LNP, a heavy financial backer of the LNP get his own way?

Your rhetoric has no substance.
Click to expand...

Big Clive is doing very well for himself, "don't you worry about that".

Hopefully the new ALP mob in Queensland can stem the flow a bit.
 
noco said:
Did Clive Palmer, a life member of the LNP, a heavy financial backer of the LNP get his own way?

Your rhetoric has no substance.
Click to expand...

Oh. Maybe you need the pineapples to show you the way. Seems apt when thinking in Queensland how New Hope funnelled over 7000 pineapples to the LNP Govt over a number of years and surprise surprise got the go ahead for their Acland mine expansion.

One has to wonder what the Nats actually represent these days. A mine using over 9 gigaliters of water each year, in the midst or relatively prime agricultural land.

But then they're following the same form in NSW by allowing Shenhua Coal to expand their Watermark mine, also right in the middle of the Liverpool Plains prime agricultural land. Seems the Nats are just yes men apologists for the Liberals these days. I thought the Nats were first and foremost supporting agriculture before anything else. Obviously not. At least Barnaby is tryign to force Hunt to not approve the expansion. I can see the Baird Govt facing the kind of electoral backlash that Newman just went through.

What's up with the LNP when they're allowing new mines, or the expansion of current ones, while the majority of the sector is losing money at current prices, with a global oversupply that will see the current depressed prices around for a decade or more? It'd be cheaper to buy a near bankrupted mine than to build a new one, or even expand capacity at a current one.

As the Vic Libs have shown, they certainly have their priorities right in the defence of the public's health. Windfarms, which no scientifically credible research has shown to have any negative health effects, has to be build further away from housing than a coal fired power station, which has scientific journals full of the health damage they do those living close by, as well as the environment in general.

buffer_zone_cartoon.jpg
 
The Queensland Labor Party state they want to hold an inquiry into political donations but they will exempt union donations....Hmmmm, well what do you know?
 
noco said:
The Queensland Labor Party state they want to hold an inquiry into political donations but they will exempt union donations....Hmmmm, well what do you know?
Click to expand...

The union donations are transparent, many corporate donations are not so clear as to motive.

Unions are first and formost to protect workers pay and conditions. They would be soon back to raddled sheep if that protection was not in place.

In fact one of the first calls of any Government should be the rights and conditions of the country's workers, AND THE GENERATION OF JOBS noco.

But no, the Libs "and labor to some degree" allow the big corps to operate offshore and thereby avoid paying thier fair share of taxes.
 
noco said:
The Queensland Labor Party state they want to hold an inquiry into political donations but they will exempt union donations....Hmmmm, well what do you know?
Click to expand...

maybe you need to have the same fire in your belly over the likes of Glencore. I doubt you'd have read about it, since I doubt your primary sources of information would deem it appropriate knowledge for the masses, but the Uniting Church hired a former Australian Federal Police and AUSTRAC officer, on a short-term contract to map the structure of Glencore's coal operations and subsidiaries. To say it was a difficult task that still didn't shed a lot of light on how Glencore goes about it's tax minimisation says a lot.

Glencore has said it has more than 200 companies in Australia. One has to wonder why they have such complex ownership structures - oh wait it could possibly do with the minimal tax they end up paying by siphoning extra billions out of the country.

Now Abbott is looking to roll back on Labors initiative (in opposition the LNP voted against it) for the tax commissioner to release the tax details of about 1600 public and private companies with $100 million or more annual turnover.

This would include tax information on private companies controlled by billionaire mining magnate Gina Rinehart.

The laws, which would see Australian companies' taxable income, total income and tax paid for the 2013-14 financial year published publicly.

Seems transparency for the capitalist class is not cricket.
 
explod said:
The union donations are transparent, many corporate donations are not so clear as to motive.

Unions are first and formost to protect workers pay and conditions. They would be soon back to raddled sheep if that protection was not in place.

In fact one of the first calls of any Government should be the rights and conditions of the country's workers, AND THE GENERATION OF JOBS noco.

But no, the Libs "and labor to some degree" allow the big corps to operate offshore and thereby avoid paying thier fair share of taxes.
Click to expand...

The communist dominated unions have stuffed this country since the 1950's and you know it and that is the reason why many companies have gone off shore to be able to compete....Had they stayed here they would have gone broke....
What did the unions care about the car industry...Of course, blame the Liberal Party for not propping them up..Gillard gave millions to Ford to prop them up until 2020.....where are they at now?
We stopped manufacturing shoes, clothing and our woollen mills closed because wages were too high to be able to compete...Bless the unions for all their good work???????
How can you generate jobs with such high wages?..Penalty rates on weekends are holding back hundreds of jobs due to the to the unions insistence......Many women work in a normal job 5 days a week, but due to family demands, seek work on weekends to supplement their income, but due to say a restaurants having to pay double time on Sundays and triple time on holidays, it is more economical to close their doors..It sure would be nice to be paid $42 per hour to wash dishes but I doubt if the clients would be prepared to pay a 15 or 20% surcharge for a meal.
And you say the unions are looking after the workers.
The only thing the unions want to do is wreck the economy of the country.
Jupiters Hotel/Casino have some 500 workers on roster 7 days a week from 6am in the morning until 4 am the next morning...Casino workers, restaurant workers, cleaners and maintenance workers and none are paid penalty rates...Are the unions looking after those workers?
 
Hey Noco...What are the arrangements with those casino workers?Are they paid a loading in lieu of penalty rates?
 
but the Uniting Church hired a former Australian Federal Police and AUSTRAC officer, on a short-term contract to map the structure of Glencore's coal operations and subsidiaries.
Click to expand...

What has company business got to do with the Uniting Church ?

Whatever their reasons it's good that it was done, and the results make it more obvious that if anyone is going to reform the tax system then it should be big companies not the individual PAYE taxpayer that gets the light shone on them first.
 
noco said:
The communist dominated unions have stuffed this country since the 1950's and you know it and that is the reason why many companies have gone off shore to be able to compete....Had they stayed here they would have gone broke....
What did the unions care about the car industry...Of course, blame the Liberal Party for not propping them up..Gillard gave millions to Ford to prop them up until 2020.....where are they at now?
We stopped manufacturing shoes, clothing and our woollen mills closed because wages were too high to be able to compete...Bless the unions for all their good work???????
How can you generate jobs with such high wages?..Penalty rates on weekends are holding back hundreds of jobs due to the to the unions insistence......Many women work in a normal job 5 days a week, but due to family demands, seek work on weekends to supplement their income, but due to say a restaurants having to pay double time on Sundays and triple time on holidays, it is more economical to close their doors..It sure would be nice to be paid $42 per hour to wash dishes but I doubt if the clients would be prepared to pay a 15 or 20% surcharge for a meal.
And you say the unions are looking after the workers.
The only thing the unions want to do is wreck the economy of the country.
Jupiters Hotel/Casino have some 500 workers on roster 7 days a week from 6am in the morning until 4 am the next morning...Casino workers, restaurant workers, cleaners and maintenance workers and none are paid penalty rates...Are the unions looking after those workers?
Click to expand...

So your saying without unions the companies offshoring would have kept the jobs in AUstralia?

Exactly how does that work? Only way I can see it happening is if:

* land prices were about 90% lower
* Wages were down near SEA levels

IS it sensible to try and compete for work that pays $2 an hour, or would we be better off improving our competitiveness and competing for manufacturing work at the high end of the spectrum, or funding our globally competitive biotech sector?

I say we can blame the Liberals party to a fair degree for the loss of manufacturing in Australia. It was Howard than spent like a drunken sailor during the initial stages of the resource boom. lest you forget we had mortgage rates up over 9% at the end of his last term as PM. These high interest rates lead to a massively over valued AUD. That helped to wipe out many a manufacturer, as well as decimating a lot of the tourism industries in regional areas.

The high AUD also made the car manufacturers uncompetitive. I bet if Abbott had helped them out last year they'd actually be sitting a bit prettier now with an AUD of 77c US and still likely to fall further. Odds are in a few years we'll be importing cars at a higher cost than if they were manufactured here due to the falling AUD.

Those Howard years also saw land prices and housing become so over valued, with private sector debt jumping something like 70%. Those debt levels have caused housing and commercial land values to be a mill stone around the Australian economy.

So if Howard had been willing to set up a proper SWF like say Chile Russia or Norway, and save most of the once off boom time $$$$, we'd probably have a much more diversified economy now. Definitely a lot larger manufacturing sector than we've been hollowed out to. We wouldn't need to have uncompetitively high wages just so people can rent, let along afford the jumbo mortgages so many have shackled themselves with. The AUD wouldn't have crippled most non resource sectors of the economy like it did.

But on't worry. Abbott has a plan for our high wages. He found bringing them in by boats quite slow. better bring low paid workers in by the 747 or A380 load. No need for them to have any English language skills. Why would you need that in Australia? No need to even advertise the position for a local worker. Why would you wantt o do that. We need to give our jobs to foreigners on 457 Visa. Tens of thousands of them. no wait, lets just make it on an unlimited basis eh. Keep that population ponzi going as long as we can, yet not worry about where the $$$ for the infrastructure required to cope with an extra 1M population every 3 years will come from.

Another beautiful captain's call from Abbott
 
SirRumpole said:
What has company business got to do with the Uniting Church ?

Whatever their reasons it's good that it was done, and the results make it more obvious that if anyone is going to reform the tax system then it should be big companies not the individual PAYE taxpayer that gets the light shone on them first.
Click to expand...

the provided the information to a Govt review into taxation.

basically they want the opaqeness of tax structures used by companies to be simplified. Hopefully that will make it more difficult to profit shift out of Australia. Glencore does this via sourcing cheap loans and on lending to the Australia subsidiaries at inflated interest rates. how that's legal i don't know.

Apple and Google do similar things with having all their IP owned in low taxing jurisdictions and then chargin the various subsidiaries like a wounded bull to siphon the profits out.

Going by Hockey's current form the Govt has little to no interest in doing anything about this.
 
sydboy007 said:
But then they're following the same form in NSW by allowing Shenhua Coal to expand their Watermark mine, also right in the middle of the Liverpool Plains prime agricultural land. Seems the Nats are just yes men apologists for the Liberals these days. I thought the Nats were first and foremost supporting agriculture before anything else. Obviously not. At least Barnaby is tryign to force Hunt to not approve the expansion. I can see the Baird Govt facing the kind of electoral backlash that Newman just went through.
Click to expand...
Whoa did we forget that NSW labor were a lot worse when it came to approving mines. Barry O stopped the approval process for a number of months to review and go over what labor had done.
In fact labor and union corruption when it came to mines knew no bounds. Head labor ministers and heads of unions profiting from millions of $ not just the usual small time rorts.
On another point, how much would the mining tax be bringing in at the moment?
I can't say to many bad things about the current NSW state libs as they have got the state running a lot smoother. I'm not sure labor would be ready to serve for another decade.
 
I can't say to many bad things about the current NSW state libs as they have got the state running a lot smoother. I'm not sure labor would be ready to serve for another decade.
Click to expand...

The NSW Libs don't appear to be offending as many people as Campbell Newman did, so they will most likely get back in, although with a reduced majority due to Federal issues.

Bad polling for the NSW prior to the election government will almost certainly lead to another coup against Abbott, as a drovers dog could beat NSW Labor after the Obeid/MacDonald affair, although quite a few Libs are getting caught up in the donations scandal as well, including a former Premier.
 
SirRumpole said:
The NSW Libs don't appear to be offending as many people as Campbell Newman did, so they will most likely get back in, although with a reduced majority due to Federal issues.

Bad polling for the NSW prior to the election government will almost certainly lead to another coup against Abbott, as a drovers dog could beat NSW Labor after the Obeid/MacDonald affair, although quite a few Libs are getting caught up in the donations scandal as well, including a former Premier.
Click to expand...

Libs don't look safe anywhere imo. NSW libs wouldn't want to think the election is in the bag.
 
LABOR is set to review an internal party tribunal finding that mailing addresses for ballot papers in the 2013 federal leadership vote were altered.
Click to expand...
http://www.news.com.au/national/breaking-news/labor-reviews-leader-ballot-finding/story-e6frfku9-1227222721873

While libs have been copping leadership woes lately, I wonder how close knit labor really are. Albo and shorten have no love for each other and its just as toxic between factions as it was before. If libs prodded a little labor would probably blow up.
 
dutchie said:
The man who wants to be Treasurer, classic fail.

Federal opposition treasurer Chris Bowen has been accused of not knowing a key area of his portfolio after he was unable to identify Australia's tax-free threshold during a live television interview on Tuesday night.

http://www.smh.com.au/federal-polit...ing-alan-jones-interview-20150217-13hngs.html

LOL
Click to expand...

How does it compare to 2014 METADATA Brandis???

[video=youtube_share;EbtgULCY5zk]http://youtu.be/EbtgULCY5zk[/video]
 
dutchie said:
The man who wants to be Treasurer, classic fail.

Federal opposition treasurer Chris Bowen has been accused of not knowing a key area of his portfolio after he was unable to identify Australia's tax-free threshold during a live television interview on Tuesday night.

http://www.smh.com.au/federal-polit...ing-alan-jones-interview-20150217-13hngs.html

LOL
Click to expand...

Do I hear the ABC, SBS, the Guardian Newspaper, Fairfax, GETUP or any of the other red rags flogging this Bowen's faux pas like they flog Abbott...Even the Muslim Ed Kusek tried to defend Bowen this morning on AM Agenda...Kusek's attempt was without reason.

And Bowen wants to be the future Treasurer of Australia....It was as bad as Spalaszczuk in Queensland not knowing what the GST rate is.

http://blogs.news.com.au/heraldsun/...ould_be_finished_if_his_name_was_tony_abbott/
 
Top