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Useless Labor Party

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noco said:
You ain't seen nothing in Queensland yet.....Things will go from bad to worse mark my words.

Palaszczuk still has not told Queensland how she intends to reduce the $80 billion racked up by the Beattie/Bligh left wing socialist Government over 10 years....They racked it up in a mining boom and still had to sell $18 billion of our assets.

Palaszczuk will also be a one term government.
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Did you ever read how that $80bn was worked out by Costello? Did you ever wonder how his terms of reference included the target deficit figure that he had to reverse engineer his numbers to...it's all there on the govt site. WE paid millions to have him do an A=O+L arithmetic, where L was locked in at $80bn and owners equity was devalued to suit accordingly.... that's right he simply wrote off 20% of QLD's assets values, then used excerpts out of context from Standard and Poor's own AAA+ ratings report for the state.

I have so little regard for the debt figure asserted I would rather just ignore it as just another Courier Mail piece of fluff.
 
Tisme said:
Did you ever read how that $80bn was worked out by Costello? Did you ever wonder how his terms of reference included the target deficit figure that he had to reverse engineer his numbers to...it's all there on the govt site. WE paid millions to have him do an A=O+L arithmetic, where L was locked in at $80bn and owners equity was devalued to suit accordingly.... that's right he simply wrote off 20% of QLD's assets values, then used excerpts out of context from Standard and Poor's own AAA+ ratings report for the state.

I have so little regard for the debt figure asserted I would rather just ignore it as just another Courier Mail piece of fluff.
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So what do you maintain the true figure to be?
 
WOW, Labor has announced it will cut tax breaks for super and negative gearing.:D

Shame they didn't do it when in office, now they are trying to pre empt a coalition move.

Jeez they are useless.:eek:
 
Progressivity is superannuation tax rates during the accumulation phase would be more simply managed through an individual's fund balance than through an individual's income.

As for Labor, they could start by allowing the savings they took to the last election through the Senate.
 
noco said:
More rhetoric from the Green/Labor coalition seeking popularity...tax the rich and higher taxes for companies which will raise very little over 10 years.
It all sounds like music to the ears of the middle income earners and pensioners..
Our democratic socialists comrades are a tricky lot.

http://blogs.news.com.au/heraldsun/...eraldsun/comments/labor_is_cheating_on_taxes/
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How would taxing the rich and corporations raise little?

I know there are less of them but together the top 10% and the top 1000 companies in Australia probably own just about all of it - give or take Tasmania.

But seriously, as if that's going to happen. Even if the leadership have the intent, which they don't, it's not going to happen.

When you want to take people's money, you go after soft targets - the poor and the defenseless. You definitely do not want to go after people with money to fund your opponent in the next election, definitely not corporations who could "consult" you for a handsome fee after your sting at public service.
And it's not everyday you get to be paid $100sK for a one hour speech, or millions for a story about your life that nobody reads.

The poor aren't going to pay for those are they?

But of course you can't just tax the poor directly and openly - they're quite clever and have this thing about fairness and fair go and stuff. So you, you know, make a show of going after the big ends of town... and when people feel the big boys got a spanking too, then it's ripe to tell them to tighten their belts and cough up their fair share for a fair go.


I'm being silly?

Let see... if you run a country, and a country's only source of income is through its tax collectors, and you are serious about collecting taxes, does it make sense to cut funding to your tax office? Well most government, ours included, do just that. Genius.
 
luutzu said:
How would taxing the rich and corporations raise little?

I know there are less of them but together the top 10% and the top 1000 companies in Australia probably own just about all of it - give or take Tasmania.

But seriously, as if that's going to happen. Even if the leadership have the intent, which they don't, it's not going to happen.

When you want to take people's money, you go after soft targets - the poor and the defenseless. You definitely do not want to go after people with money to fund your opponent in the next election, definitely not corporations who could "consult" you for a handsome fee after your sting at public service.
And it's not everyday you get to be paid $100sK for a one hour speech, or millions for a story about your life that nobody reads.



But of course you can't just tax the poor directly and openly - they're quite clever and have this thing about fairness and fair go and stuff. So you, you know, make a show of going after the big ends of town... and when people feel the big boys got a spanking too, then it's ripe to tell them to tighten their belts and cough up their fair share for a fair go.


I'm being silly?

Let see... if you run a country, and a country's only source of income is through its tax collectors, and you are serious about collecting taxes, does it make sense to cut funding to your tax office? Well most government, ours included, do just that. Genius.
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Did you read the link?



Labor is pretending that just smashing the nasty rich will fix the massive and growing debt it left us.

Small problem. Labor’s planned superannuation grab will raise $1.4 billion a year, if it actually works. Labor’s planned multinationals tax will raise a further $500 million a year. So that’s just $1.9 billion a year when the deficits are running at $40 billion a year.
 
The Palaszczuk Labor left wing socialist government have been in office for 100 days and are already going from one disaster to the next.
Palaszczuk keeps saying she will creates jobs and her troops are destroying all the possibilities....Unemployment on the rise....more debt on the rise.....more public servants ....more CFMEU influence.

Queensland Labor will be Tony Abbott's best asset in the 2016 Federal election.

http://www.couriermail.com.au/news/...g-mining-attacks/story-fntuy59x-1227347608869
 
noco said:
The Palaszczuk Labor left wing socialist government have been in office for 100 days and are already going from one disaster to the next.
Palaszczuk keeps saying she will creates jobs and her troops are destroying all the possibilities....Unemployment on the rise....more debt on the rise.....more public servants ....more CFMEU influence.

Queensland Labor will be Tony Abbott's best asset in the 2016 Federal election.

http://www.couriermail.com.au/news/...g-mining-attacks/story-fntuy59x-1227347608869
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More frontline jobs are at threat under the Palaszczuk-Gordon Government.
The LGAQ is today warning 1500 frontline jobs are at threat because of State Government moves to unionise councils.
This follows the sacking of 65 frontline health workers yesterday. It comes just hours after Energy Minister Mark Bailey told parliament – “I regard all of our staff in the public sector as frontline staff. We will defend them.”

The only job the Palaszczuk-Gordon government has saved this week, is Billy Gordon’s, the Member for Cook.
Queensland’s unemployment rate is 0.5% above the national average, as Labor’s infrastructure freeze continues.

 
noco said:
Did you read the link?



Labor is pretending that just smashing the nasty rich will fix the massive and growing debt it left us.

Small problem. Labor’s planned superannuation grab will raise $1.4 billion a year, if it actually works. Labor’s planned multinationals tax will raise a further $500 million a year. So that’s just $1.9 billion a year when the deficits are running at $40 billion a year.
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Back in April Hockey stated "There is no doubt that there would be an increase in overall revenue if the GST were to applied right across the board to the delivery of information and licensing and so on over the internet ... it could represent billions,"

Now to raise billions of revenue you would have to have tens of billions in movie downloads and other software based spending. Do you think his claims are believable?

What about Labor's plan to cut down on multinational tax avoidance? The PBO has estimated the proposed changes would net over $7B over the next 10 years. Why is the Abott Govt so against them?

Or what about Hockey's claim back in Jan that people work half the year to pay income tax 'When Australians spend the first six months of the year working for the Government with tax rates nearly 50 cents in the dollar, it is a disincentive." It's quite remarkable that the treasure has no understanding of the various marginal tax rates, especially since none of them is over 50%. Is it incompetence or a willingness to lie to the public?

Maybe we should add in the lie from health Minister Susan in saving $73m a year from PBS funded paracetamol which she claims can be bought from the local supermarket for just $2. Just a shame that around 85% of the prescriptions for paracetamol for people in chronic pain from osteoarthritis. The high dose, slow release paracetamol formulation they are prescribed can't be bought from a supermarket for $2. How does a health minister get it so wrong? Incompetence or a willingness to lie?

Back to the treasure and his wild claims about the removal of negative gearing pushing up rents, when he should know that over the period when negative gearing was abolished only Sydney and Perth experienced strong growth in real rental prices. Real rents in Adelaide and Brisbane fell considerably over the period, whilst Melbourne experienced low, or at times no, real growth in rents. Incompetence, or the fact he has a primary residence and 2 IPs in the family?

Do you remember when Tony Abbott promised all infrastructure projects over $100M would go through a CBA then immediately broke it, multiple times? Have you forgot "people do have a right be a bigot" Brandis, and his inability to explain a reasonably simple concept called metadata, which was central to data retention laws he was trying to force through parliament?

Strange how none of these liberal failings is particularly important to you.
 
sydboy007 said:
Strange how none of these liberal failings is particularly important to you.
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I must admit I find it strange how Wayne Swan was responsible for the falling commodity prices, yet the other day Hockey spoke out on TV stating no govt can control the price of commodities as he tried to explain the huge blackhole the present govt has inflicted on our fair nation.

Similarly I find it odd that Labor created a mess, but Liberal are creating order while replicating the same ill considered tactics to tackle an economy in reverse. Reminds me of George Bush ignoring income in favour of spend, which ultimately resulted in the global meltdown that Labor created.:rolleyes:
 
sydboy007 said:
Back in April Hockey stated "There is no doubt that there would be an increase in overall revenue if the GST were to applied right across the board to the delivery of information and licensing and so on over the internet ... it could represent billions,"

Now to raise billions of revenue you would have to have tens of billions in movie downloads and other software based spending. Do you think his claims are believable?

What about Labor's plan to cut down on multinational tax avoidance? The PBO has estimated the proposed changes would net over $7B over the next 10 years. Why is the Abott Govt so against them?

Or what about Hockey's claim back in Jan that people work half the year to pay income tax 'When Australians spend the first six months of the year working for the Government with tax rates nearly 50 cents in the dollar, it is a disincentive." It's quite remarkable that the treasure has no understanding of the various marginal tax rates, especially since none of them is over 50%. Is it incompetence or a willingness to lie to the public?

Maybe we should add in the lie from health Minister Susan in saving $73m a year from PBS funded paracetamol which she claims can be bought from the local supermarket for just $2. Just a shame that around 85% of the prescriptions for paracetamol for people in chronic pain from osteoarthritis. The high dose, slow release paracetamol formulation they are prescribed can't be bought from a supermarket for $2. How does a health minister get it so wrong? Incompetence or a willingness to lie?

Back to the treasure and his wild claims about the removal of negative gearing pushing up rents, when he should know that over the period when negative gearing was abolished only Sydney and Perth experienced strong growth in real rental prices. Real rents in Adelaide and Brisbane fell considerably over the period, whilst Melbourne experienced low, or at times no, real growth in rents. Incompetence, or the fact he has a primary residence and 2 IPs in the family?

Do you remember when Tony Abbott promised all infrastructure projects over $100M would go through a CBA then immediately broke it, multiple times? Have you forgot "people do have a right be a bigot" Brandis, and his inability to explain a reasonably simple concept called metadata, which was central to data retention laws he was trying to force through parliament?

Strange how none of these liberal failings is particularly important to you.
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The Green/Labor left wing socialists failings 2007/2013 was 100 times worse with their hare brain schemes and wasted money and now the current government has the problem of paying back the debt and deficit which your fearless leader, the weak, Bill Shorten who is doing his best to obstruct any savings the government is trying to make including $5 billion which Labor included in their 2013 budget..When Abbott was in opposition, he tried to stop Labor from spending so much even after the GFC ...Now Shorten is the opposition, he is trying to stop Abbott from the savings Abbott is trying to make to get us back in the black...What a little grub he turned out to be.

The worlds greatest treasurer said in 2013 there would be a surplus.....he then told us "sorry the deficit will be $18 billion which turned out to be $48 billion."...Penny "Wrong" as finance minister was some $123 billion out in her estimates during her term.

Strange how the rusted on Laborites failings are not important to you....But of course we must talk about Labor's failings.

Queensland is just as bad...Palaszczuk still has not told us how she will pay back $80 billion racked up by Beattie and Bligh during the mining boom even after Beattie sold off $18 billion in assets including the Golden Casket for $599 million...The Golden Casket paid for the new hospitals in Queensland...Good management??????...I don't think so. Plaszczuk has a team of "L" PLATERS controlled by the CFMEU

The country would be a lot worse off now if the Federal Labor had been re-elected....Labor has a history of bad financial management.

So come on sydboy, have a think about it all.
 
banco said:
What did unemployment peak at in the UK post-GFC noco?
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I have no idea...care to give me some statistics?

It is OK...a quick google search revealed what we are looking for in the UK.

http://www.tradingeconomics.com/united-kingdom/unemployment-rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.70 12.00 3.40 1971 - 2015 percent Monthly
In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - United Kingdom Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United Kingdom Unemployment Rate - was last refreshed on Sunday, May 10, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-18 09:30 AM Dec 5.7% 5.8% 5.8% 5.8%
2015-03-18 09:30 AM Jan 5.7% 5.7% 5.6% 5.7%
2015-04-17 09:30 AM Feb 5.6% 5.7% 5.6% 5.7%
2015-05-13 09:30 AM Mar 5.6% 5.5% 5.6%
2015-06-17 09:30 AM Apr 5.6%
2015-07-15 09:30 AM May 5.5%


UK Unemployment Rate Lowest Since 2008

British jobless rate decreased to 5.6 percent in the three months to February from 5.7 percent in the previous period. Employment increased at its fastest pace in nearly a year while pay growth rose well above inflation.


That high of 12% was in 2008 and probably during Labor's reign...Without further search I am not sure which party was in power in 2008.
 
noco said:
I have no idea...care to give me some statistics?

It is OK...a quick google search revealed what we are looking for in the UK.

http://www.tradingeconomics.com/united-kingdom/unemployment-rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.70 12.00 3.40 1971 - 2015 percent Monthly
In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - United Kingdom Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United Kingdom Unemployment Rate - was last refreshed on Sunday, May 10, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-18 09:30 AM Dec 5.7% 5.8% 5.8% 5.8%
2015-03-18 09:30 AM Jan 5.7% 5.7% 5.6% 5.7%
2015-04-17 09:30 AM Feb 5.6% 5.7% 5.6% 5.7%
2015-05-13 09:30 AM Mar 5.6% 5.5% 5.6%
2015-06-17 09:30 AM Apr 5.6%
2015-07-15 09:30 AM May 5.5%


UK Unemployment Rate Lowest Since 2008

British jobless rate decreased to 5.6 percent in the three months to February from 5.7 percent in the previous period. Employment increased at its fastest pace in nearly a year while pay growth rose well above inflation.


That high of 12% was in 2008 and probably during Labor's reign...Without further search I am not sure which party was in power in 2008.
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Well, I'll be damned......It was Gordon Brown's Labor party

http://en.wikipedia.org/wiki/List_of_Prime_Ministers_of_the_United_Kingdom
 
sydboy007 said:
What about Labor's plan to cut down on multinational tax avoidance? The PBO has estimated the proposed changes would net over $7B over the next 10 years. Why is the Abott Govt so against them?

.
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Why didn't they do something about it, when they were in office?

It was only a year and a half ago, the economy was falling rapidly, why didn't they do it?
 
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