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The Forum > General Discussion > A Conversation About this Election

A Conversation About this Election

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I can't believe what I've been reading on this thread.

1. Franking credits are a 'withholding tax' paid to the ATO on the investor's behalf at 30% on the value of the relevant dividend - just like PAYG paid to the ATO on behalf of the worker.

What would the worker say if they were refused a legitimate tax refund on the PAYG 'withholding tax' paid to the ATO on their behalf??

Wake up folks.

Dividends are taxable income. Salaries are taxable income. Withholding tax applies mostly to both (though some companies don't pay a franking credit - so the full relevant tax has to be paid by the investor).
So, what's the difference? Why 'invent' a difference?
(May I suggest, to meet Bill's magnanimous proposed handouts?)

2. Why is there negative gearing on an investment property? Why, as an 'incentive' to boost housing construction to meet the needs of renters and at the same time of first home buyers (by virtue of growth in overall housing availability).

Shut down negative gearing and you put a brake on housing construction. Then, where will the first home buyer be?
(Particularly with all the foreign buyers getting their bids in.)

Nothing boosts prices like a scarcity in supply!

3. Oz contributes 'minutely' to global 'emissions'. Hence, if Oz were to go 100% 'renewables' (no net emissions), it would make no measurable difference while the big emitters go gangbusters on open-slather industrial development (like Trump removing nearly all environmental limitations - see 'Fracking', etc.).

I conjecture, the 'real' issue is the shrinking availability of 'easy' oil reserves. Why do you think Russia is so intent on supporting Maduro in Valenzuela, the Iranians, and Assad in Syria?
Similarly the US is supporting the UAE - and is trying to get a foothold in Venezuela via the Opposition 'President'.

And Bill's plan relies on inherently 'unreliable' overseas 'carbon credits' - forcing Oz industry (including electricity production) to pay for these, increasing the price of nearly everything - to be borne by the householder, worker, mum and aspiring job seeker. Nuts.
Posted by Saltpetre, Tuesday, 7 May 2019 9:39:37 PM
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Continued:

4. We have great healthcare, great education, great welfare, fair roads and public transport, and things are continually improving - though it is undeniable that more is still needed. So, steady as she goes, or rush in a few more 'school hall' or 'pink batts' stampedes, like a drunken sailor run riot?

Anyone can 'promise' 'Utopia' - but delivering is another matter.

5. Bill is either an out-and-out 'spiv', or has been led down the garden path by some possibly well-intended but ultimately idiotic 'dreamers'.
(How else can you describe someone who will say virtually anything to win an argument?)
Evidence: The price of inaction (on GW) 'would' be greater - meaning immeasurable? So, there is no need to cost 'action'?
Pull the other leg, please.
Promises to make nearly all healthcare totally free for all, conjure up masses of cheap housing (by removing negative gearing, increasing capital gains tax, pilfering franking credits), increase salaries (by increasing employer overheads), electric everything (but using GW as the motivation, whereas oil supply would be a better argument) - and on, and on. Solve youth mental health - but what they really need is assurance of a good job and security - which can only be based on sound economic development, not handouts.

Oz will decide, and may the devil take the hindmost, eh?
(I maybe could go on, but just think about the massive debt left by Labor from 2007 to 2013, with on-goings to be met by the incoming gov, and for only a few real gains - like NDIS and Gonski, at least as much as a 'strangled' budget and over-promised residual aspirations could realistically bear.)

Promises and pipe-dreams, or steady proven stewardship. Your choice.
Posted by Saltpetre, Tuesday, 7 May 2019 9:39:44 PM
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Here's one nobody asks Shorten, what's fair about the lowest paid workers' taxes going towards increasing the incomes of early childhood workers, who don't make the list of the most poorly paid? http://www.news.com.au/finance/money/the-lowest-paid-jobs-in-australia/news-story/318dc467751b4cd6eb317b5e72599f7a

The party that has supposedly laid out its policies for all to see well in advance, has barely been called to account. There's a litany of questions seemingly to be left unasked of Labor before it takes the reins. Just a couple more of my faves include:

1) Will rental losses be able to written off against future rental gains once NG is extinguished, hence releasing no real benefit to the aspirant government's coffers, over time, for expenditure on its multitude of promises.

2) What's fair about those on pensions paid for by the taxpayer being paid franking credits while those on pensions paid for by themselves not being paid credits?

Yawn, nah, yeah, beaudy, who gives a toss, woddever.
Posted by Luciferase, Tuesday, 7 May 2019 10:01:14 PM
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Talking of childcare - at $200 dollars a day in some cases, it costs more than many upper class private schools and colleges. A lot of money to have your tiny tots amused and their nappies changed when you could, and should, be home looking after them yourselves.
Posted by ttbn, Tuesday, 7 May 2019 10:44:16 PM
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Some deeply despise me, some tell me constantly, I am poorly educated and being lead by the evil ALP monster
Yet what is to be gained by not involve the truth here
IT WAS Labor that opened us up to world trade, fixed the Banking system
Brought about the Royal Commision into child abuse, it WAS the LNP that sniggered about it
As the polls are telling us, it will be in all probability the voters who install LABOR as government
Snear if you wish, but Abbott Dutton Wentworth, are likely to fall
At the hands of fellow LIBERALS
Your party is split, any get together of past leaders to help open the campaign would be standing in blood and betrayal
Yet you see wrong in LABOR?
YOU tell me voters, the majority, are not as smart as you?
Posted by Belly, Wednesday, 8 May 2019 8:02:18 AM
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“The sickness in Australian politics isn’t that these two specific men happen to be leaders of the major parties, it’s that they are, at best, interchangeable facades for an immensely homogeneous and increasingly entrenched political class.” ( C.M Hendy: Spectator)

“Instead of winning the hearts and minds of the electorate it’s become easier to piss off comparatively less voters than your opposition …. “.

Right on!
Posted by ttbn, Wednesday, 8 May 2019 10:26:39 AM
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