The Forum > General Discussion > When is a Tax not a Tax?
When is a Tax not a Tax?
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Posted by Poirot, Wednesday, 30 April 2014 1:12:33 AM
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Well I have to say it's starting to get amusing now.
What do you reckon number 1 LNP cheerleader, Miranda Devine, has to say about our Tones? Something along these lines? "Abbott betraying our trust." "NO wonder Tony Abbott fled to Melbourne straight after his pre-Budget speech to the Sydney Institute on Tuesday night. He would have been cold-shouldered if he’d stuck around. The income tax hike he has proposed on workers earning over $80,000 cast a sour note in The Star casino ballroom. It was widely condemned as “moronic” by business people, journalists and politicians in heated discussions into the night." http://www.dailytelegraph.com.au/news/opinion/abbott-betraying-our-trust/story-fni0cwl5-1226900113842 In the Telegraph too.... Posted by Poirot, Wednesday, 30 April 2014 1:30:37 AM
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Paul, I share your concerns.
Election promises need to be upheld. The big end of town needs to pay considerably more tax. But most importantly of all, as I keep saying; we need to consider what taxpayers’ dollars get spent on and not just how to increase the Federal budget. We need to look at the demand for tax dollar expenditure, not just how to increase the supply of tax dollars! By far the biggest factor here is immigration. The duplication of basic infrastructure and services in order to cater for the massive number of new Australian residents every year creates an enormous demand for taxpayer dollar expenditure. If this demand could be reduced, which it very easily could by simply reducing the immigration rate, we could free up taxpayer dollars to a very significant extent. This single move of significantly reducing immigration could be as significant as raising the retirement age to 70, increasing tax for the wealthy and for big business, reducing politicians’ perks, and every other money-saving and revenue-raising strategy that you could think of, all put together! We absolutely need to be thinking about the demand side of the equation and not just the supply side when it comes to the federal budget, tax regime and entirely national fiscal strategy. But of course Abbott is not going to do this. He is shaping up as a deceitful PM, if not an outright liar. But his biggest fault by far is his abject lack of consideration of the demand side of the whole fiscal strategy. Posted by Ludwig, Wednesday, 30 April 2014 5:01:37 AM
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Yep if they break pre-election committments in the way things look to be heading its lies. No more excusable for the LNP than it was for Labor.
Abbott has an alternative, back to the polls with a plan that will let the LNP do what they think needs doing. Abbott was elected partly on the basis of people being utterly sick of the weasle words being used to excuse lies. R0bert Posted by R0bert, Wednesday, 30 April 2014 5:22:54 AM
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I fully expect Abbott to capitulate to the 'Big End of Town' shortly and raise the GST to 15%. So far Big Business has got everything it has wanted (dreamed of) from this Tory Government, and Big Business is keen to see a hike in the GST. Add a GST rise to the new Battlers Tax and the sky's the limit, well as high as you can fly a F-35 on 24 billion dollars!
The economic thinking of this government is so skewed that I can see a return to Labor sooner, rather than later. Hockey mocks the ordinary Australian with his claim that "The burden must be shared by ALL!" Obviously ALL doesn't include their mates in Big Business! If you had just lost your job, and are facing tough economic times, like thousands of Australians are, thanks to Tory mismanagement, what should you do with your redundancy pay? Judging by how this mob is performing I think the Abbott/Hockey economic advice would be. "Put a down payment on a new 'Lamborghini' and go down in style!" http://www.abc.net.au/news/2014-03-12/henry-warns-raising-gst-is-inevitable/5316816 Posted by Paul1405, Wednesday, 30 April 2014 7:38:14 AM
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It is hard to call it other than a tax.
He must have had a lot of detail about the debt and it was dopey to say there would be no tax increases. However, just like you might promise your wife an overseas trip and then the bank puts pressure on you, you might have to break that promise. It may well be he was expecting to have to go to a double dissolution. So that would reset all promises. Don't know, but somehow this debt will have to be wound back. If interest rates rise the situation will become critical as it is feasible with the current very low rates it could double the governments interest bill, which I think is $B12. Many that have been claiming that taxes etc do not hit the rich and now those very same people are rejecting this tax or levy although it specifically hits those better off. Talk about hypocrites ! Anyway, how do we get rid of this b*^$y debt ? Posted by Bazz, Wednesday, 30 April 2014 10:14:05 AM
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It's exactly as I expected, although maybe not to this extent of inanity.
I feel a bit for the gullible ones who actually believed the dribble he was exuding pre-election.
There are quite a few waking up to a bitter after taste.
It'll be quite some time before the LNP can garner some credibility again.