"Imagine all property investment had to be thru' a company to get loss write-downs."

....or, if all operating losses had to be carried forward to write down against future profits, rather than be written down against paid work income.

Same scenario.

The budget reminded me of this classic meme: http://memedad.com/meme/872138

Peter Martin of the Sydney Morning Herald
tells us that - there's a big difference
in the approaches the PM and Treasurer took
with this budget, to what was done previously.
With this budget the Prime Minister
and Morrison have taken ideas from the Henry Tax
Review, The Murray Committee of Inquiry into the
Australian Tax System, the Grattan Institute, the
Committee for Economic Development of Australia and
just about every other inquiry.
And tested them.

Martin explains that Malcolm Turnbull and Scott
Morrison's expenditure review process was very
different from Mr Abbott's and Joe Hockey's.
Whereas Abbott and Hockey latched onto ideas and went
for them, the new team asked questions and tested the
answers. For example, with Superannuation the question was -
"What is its purpose?" The next question was "How do we
most cheaply ensure that it does that and no more?"

Perhaps that's why we don't get unfair punishment of the
weak with this budget and dangerous university
deregulation. No more attempts to strip the dole off
jobless youth for six months either. As Martin points out
in their place in this budget is a commendable program
of internships with a benefit top-up and incentives for
employers. And as Martin states, that alone deserves
praise.

On the subject of being paid extra for work on the dole, I was listening to a few recipients and they said, "there is no way i'm going to work for $5 per hour". Of cause the point they miss is the first $250 per week they already get paid to do nothing.

That's where hasbeens theory would work well, a tent to live in and three cans of beans a day, because with attitudes like this, they don't want a job and should be all but cut off. I wouldn't pay them a single cent in cash, not one red cent.

As for Bill Shortens reply, I thought it was a very impressive load of spin. I say this because at their last attempt they started with billions in the bank and failed, so how can they be trusted to deliver with such a handicapped starting position. Not to mention the axe he wants to take to negative gearing.

He also appears to have changed his mind on the fair work commissions penalty rates outcome. The good times have moved on, and labor and the unions should accept that.

Turnbull and Morrison have fallen into their first budget black hole. Both were unable to put a figure on the cost of cutting company tax to 25% over 10 years, some claim it is as high as $55 billion!
The government cannot use the excuse, 10 years is a long time, as they had a shot at Labor over their use of long term figures on tobacco excise.
Is it a case of I'll see your $20 billion, and raise you $55 billion.

Butch, are you and Hasbeen going soft in your old age "a tent to live in and three cans of beans a day." Indeed, I say; let them live in the open, and eat dirt!
Nothing worse than a pair of bleeding heart liberals.