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The Forum > General Discussion > It’s Official, the Hockey/Abbott Budget Slugs the Poor.

It’s Official, the Hockey/Abbott Budget Slugs the Poor.

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Foxy, please tell me, where is the $5+ billion that will be lost through the mining tax, because I was of the understanding it raised sweet F all.

Also, before throwing mud at the miners, do an exercise and remove all mining revenue a d expenses, along with every single jobs created by them, either directly, or indirectly, then see where we end up.

In strife I would suggest.
Posted by rehctub, Tuesday, 5 August 2014 1:56:35 PM
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"Also, before throwing mud at the miners, do an exercise and remove all mining revenue a d expenses."
Let us not forget that the miners get away with a lot more than the eye sees
While state coffers are boosted by royalties, analysis by the Australia Institute shows that in some cases well over half of that money is handed straight back through direct and indirect grants. The findings fly in the face of the longtime rhetoric from politicians and mining magnates alike, that Australian industry should ‘stand on its own two feet’.
States giving billions away to mining sector, finds report
http://www.abc.net.au/news/2014-06-24/states-giving-billions-away-to-mining-sector-finds/5545766
Posted by Robert LePage, Tuesday, 5 August 2014 2:15:22 PM
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So what about the taxes paid through the jobs they create Robert. I work in a mining town and I can tell you the streets are full of their utes every night of the week and, they are all spending money, money which by the way has been earned from their employers, either directly, or indirectly.

Without these mines, not only would the utes not have been sold, but they wouldn't be here either, as was the case some six or so years back.

But, this is not so much about miners, it's about the usual lack of respect shown by the poor, for the efforts of the rich, which provides many of the every day needs of the poor, much of which is taken for granted. You know, the entitlement mentality.
Posted by rehctub, Tuesday, 5 August 2014 3:30:01 PM
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rehctub,

"...it's about the usual lack of respect shown by the poor, for the efforts of the rich, which provides many of the every day needs of the poor..."

Not to mention....."it's about the usual lack of respect shown by the rich, for the efforts of the poor, who provide many of the every day riches for the rich."
Posted by Poirot, Tuesday, 5 August 2014 3:42:37 PM
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Hockey has only himself to blame for his gigantic budget mess.

Savings need to be made, and BOTH the coalition and Labor admit that. So the argument is NOT about savings.

The argument is about the distribution of those savings. The fact remains that it's been empirically and mathematically proven with the report, that the poor will lose more dollars than the rich. The mathematics are empirical, proven and fact. No political spin can change the facts.

If the budget had spread the dollar loss evenly across the various incomes, then there would be absolutely no problem whatsoever with the budget. But Hockey and Abbott are too incompetent, and couldn't care less about the poorer classes, that support the rich via their consumption.

The result being an incompetent, un-Australian budget based on clearly seen unfairness. A budget that's impossible to sell to the Australian people and Australian parliament.

What a hopelessly inept PM and treasurer.

Bring on the election.
Posted by Jay123, Tuesday, 5 August 2014 7:08:30 PM
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Hey Folks,

Here's something you won't read about in
the Murdoch papers - where the News is Limited:

http://newmatilda.com/2014/08/05/another-hockey-stumble-reveals-budget-hits-poor-hardest
Posted by Foxy, Tuesday, 5 August 2014 8:00:28 PM
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